Over the last 9 weeks, the pair couldn't close below 101.50 level. Also , Friday was an Inside Bar. I Think This will translate to Bullish movement next week. However, it may test 101.20 (or 101.00) first.

USD/JPY Discussion

Since I suggested using hedging instead of stop loss at page 95 post# 1882 of this thread, the professionals at FF have covered deeply hedging vs non-hedging techniques. My deep thanks to all who participated in this discussion, specially hanover ...

Trading Without a StopLoss

I don't know if you red my last post. Other uses of Hedging, I use some sometimes: 1. When in Profit, and price is reaching a resistance/support. I hedge partially, and in most of situations I collect some pips, on the hedged position before price ...

Trading Without a StopLoss

My idea of using hedging is only in situations where the trader has a firm sentiment (Bullish or Bearish) on a specif pair or currency, but he's not sure when exactly the market will turn in his favor (during a pullback or a rally). However if he is ...

Trading Without a StopLoss

Good Points.

Follow the BIG Candle

I like the idea, and probably gonna code an EA for testing it. But wouldn't be better to use Stop Orders instead of Limit Orders ?

Open Range Break - 100% Mechanical

The Big Candle 4 was a Big disappointment this month. It certainly needs more work, and better be used on higher time frames, with fixed position sizing. I am posting the MQL source file, for people willing to improve.

Follow the BIG Candle

Why don't you Hedge instead of using stop loss. Instead of SL order, put a pending Stop Order. If your original trade is a Buy, and your intended stop loss is 50 pips down, you can put a Sell Stop Order 50 pips down. Now you have limited your loss ...

Trading Without a StopLoss

I can think of only 2 good purposes for using EAs : To test a strategy based on historical data To do a very specific job in live trading : like for example closing all orders once a profit target is reached. But using EAs to implement a complete ...

Expert Advisor Discussion - Does it work

Extracts from my earlier posts on similar issue: *** You think that you have a successful trading strategy, but trading it manually involves fear and greed, so you fail. I have read books and articles on Trader's Discipline as key to success in ...

Expert Advisor Discussion - Does it work

Technical: I am thinking of how to best implement Profit Trailing (or in other words Taking Profit at pre-defined steps). Requirement Explanation: We have a setting parameter for Partial Profit Taking in terms of ATR multiples, currently set in the ...

Follow the BIG Candle

Right. No one knows for sure what will happen next. My idea was that instead of Stop Trailing, why don't we try Profit Trailing. Because in most of the winning trades we gave back so much to the market.

Follow the BIG Candle

I am raising these issues on trades taken by BC4 as a preparation for BC5, and as I always do, settings will be flexible so that you can enable it or disable to reach your optimum settings for each pair/tf. We started the testing with M30 in order ...

Follow the BIG Candle

In fact the other big candle was traded also, see attached image. So out of this micro-trend we got two trades (Yellow Rectangles), but look at what we missed(Gray Rectangle). We exited a winning Buy Trade (missing the momentum that came with the ...

Follow the BIG Candle

Some notes on the EA trades : Won Trades: Another note about Won Trades. Over 90% of won trades reached Partial Take Profit/Break Even before beating the Big Candle. So what if we minimize the stop loss (currently 20xATR), to be just few pips ...

Follow the BIG Candle

Some notes on the EA trades : Won Trades: As we are working on M30 time frame, most of the profitable trades were not able to catch a Big Trend, and in most of them the Final Take Profit was less than the Partial Take Profit because of hitting the ...

Follow the BIG Candle

Thanks for the encouragement. I might loose a trade but never lose HOPE.

Follow the BIG Candle

Side Talk: The only strategy that worked in all market conditions and on the long run and brought huge profits, required a huge starting balance ($100,000)-not the Big Candle BTW. I hope the Big Candle will show success on the long run, but I'm not ...

Follow the BIG Candle