if it is "messy" retracements as you say then not much can be done, but not convinced at this point

Magic 100

can that DD be reduced?.....a simple check of the next higher TF's price action might be the answer the current WL of 4:6 @1:2RR becomes 6:4 @1:2RR .

Magic 100

good point bojack.....this EA is an order manager not a trading robot that said, once I've decided market XYZ is good to trade, I still want to manually peruse individual bars before making the final decision

Magic 100

good points Jess. the market is being very kind at present, thanks to an increased ADR due to the pandemic these gains can easily be lost and worse as you say when the market "normalizes"....ie ADR's settle down when ADR's begin declining ...

Magic 100

yes I leave overnight, when scheduled news is not in the way and i never carry over weekends

Magic 100

1:2 or 1:3, see post 1

Magic 100

I know this will vary from person to person but I am interested to know what your win loss ratio is.....5:5??

Magic 100

waiting for a better retrace edit: which means I may miss out

Magic 100

Watchlist: NZDUSD, GBPUSD

Magic 100

drawdown....what!!?? to be honest, the markets are being very friendly at the moment, they are not usually like this it will get harder, there will be drawdowns and doubts for the beginners,....skills are honed during such times

Magic 100

great attitude

Magic 100

100ma is just a quick visual to keep you on the right side of the market but in fact market structure tells all, no indicators required!

Magic 100

thanks Erebus , yes, just search "Toggleable Moving Averages" (ctrl v) in the market tab of your terminal and download.

Magic 100

free utility, toggle MA on/off as required url

Magic 100

thanks Minotawr 1:3 .....I'm out of my comfort zone aiming at 1:2 ....but I can see your strategy lends itself well to 1:3

Magic 100

EURNZD This one may be outside of Minotawr's rules....but I liked it because of the market structure.

Magic 100

NZDCHF

Magic 100

watchlist: CHFJPY, NZDCHF, GBPCHF be interested to see the PA above the horizontal line (green) on CHFJPY HH's then Minotawr entry at retrace is a possibility

Magic 100

this pair has already reached its monthly average range that doesnt mean it wont continue upwards, but the stats are against it

Magic 100

perhaps too soon in relation to price activity under the MA, but the short bias was well established at the blue arrow

Magic 100