Quote:
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Originally Posted by Wingstar
I have never seen more that three losses in a row over a year and a half,but I did not have the benefit of knowing news during that time so most likely some losing trades would not have been taken in real time
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Thanks wingstar. I have more questions sorry because i dont have the details of ur trade i have to code precisely and ensure that i am doing correct.
Can you explain the following :
Do not take this trade again in the same direction. If the market has already moved 80 – 100 pips, it is probably done for the day.
when do u could the 80 pips is it from 6 GMT or from the time n price u entered the first trade(when diff became > 8)
Do not take this trade immediately in the opposite direction. If the ema lines close for an hour or so then re-open in the opposite direction it is ok to go again.
Can u show some chart to explain this or give more details. I am sorry i may sound novice but i can program well provided i get the requirements clear.
Thanks and best regards,
Forexwolf