i keep the maximum drawdown at 560 pips without ProtectAccount (PA) and i start the EA around 1000 pips depending on the speed of the basket if the basket reach 1000 pips quickly (couple of hours) then i wait even more but never over 2000 pips. ...

Simple Trading Method with trader101

you are right but i propose you to open the ProtectAccount later, after your basket has already +1000 pips. so you will lock 910 pips (if i remember correctly)

Simple Trading Method with trader101

if you use ProtectAccount you don't have to see such drawdown because all the positions will be closed in due time. You can re-enter after the basket retracement. I do this just looking at the spread level.

Simple Trading Method with trader101

you are right. i use the same system because it is hard for me to wake up at 4AM to open the positions so i use the last candle of the week. I also thanks to Ace for the great ideea.

4H Box Breakout

jones, any break out strategy is based on the statistics and not on the economics analysis. if you want fundamentals then you have to use S/R, fibo, ECB dates and so on. but all these info is not for break out strategies. for break out you will need ...

4H Box Breakout

i hope that next week we will have trend again and no choppy.

4H Box Breakout

because it is too late for me (will be 4 AM in my country when the candle is finished) i will try to use the Friday last candle. Do you think that will be much different from your system?

4H Box Breakout

yes

4H Box Breakout

i will be just after the S will be break, not before

USDCAD trend reversal?

depends - 1.15000 is a powerfull round number so it is possible. It is in my attention - a reversal is more likely. but if he will brake the suport a new target at 1.03000 will become available.

USDCAD trend reversal?

don't forget that today we will have a NFP news so i will stay cool until monday morning.

Auslanco - GBP/JPY and GBP/USD (newstrade)