My Backtesting is done and here are the new rules for Sedona: 1. stop is changed to 25% out of the box instead of 20%. 2. RSI can be ignored or you may enter half size when RSI is not in OB/OS territory. 3. I'd like to free one position with the ...

Sedona- A system for inactive hours

Great explanation. Thanks

Sedona- A system for inactive hours

Thank Mike for sharing and backtesting

Sedona- A system for inactive hours

Michael, I stopped posting the results because now there is enough sources for anyone who wants to try the system or use it. For spread, that's why I use three entries, the closer your entry is, the bigger lot size it has. So it might be possible to ...

Sedona- A system for inactive hours

This week was a so-so week. Up to now, we were 65% correct, average winner of 16 pips and loser of -23 pips and total profit of 37 pips.

Sedona- A system for inactive hours

I have started an extensive boring candle by candle backtest for GJ and I will post the results. I have focused on these three questions: 1- Is 20% a good S/L? As we had a couple of return in a matter of 1-3 pips over our S/L, I'd rather start using ...

Sedona- A system for inactive hours

Once a good friend of mine told me: you should learn to make money by sometimes not to take any positions. You are absolutely right. We have to stick to our profits and never give them back to the market. That's the first periority

Sedona- A system for inactive hours

It is a no-trade day for me. Price already moved all the way to the bottom of the box and we had no OS at the minimum. I'd like to watch more than anything else today.

Sedona- A system for inactive hours

My Box was based on Oanda data, highest was 238.85. Pure luck? Maybe!

Sedona- A system for inactive hours

I am still in (S/L: 239.08). The worst thing is not stopping out but make a bad trade. I hope you do not violate your own rules. Otherwise MM is there to protect you against those "normal losers"

Sedona- A system for inactive hours

I do not trade today as well.

Sedona- A system for inactive hours

This week results. We had a negative week. Out of 20 trades, we have 15 winners and 5 losers with an average winner of 76 pips and an average loser of -60 pips.

Sedona- A system for inactive hours

One possible explanation for today's stop. Thursdays are G/J carry trade liquidation day. If so many banks and hedge funds start to sell GBP and buy back JPY, this can drop the pair even if you are not in market hours. BTW, I am pretty bearish in ...

Sedona- A system for inactive hours

Our backtest showed 63% chance of winning. Up to now, we are 74% winner with an average winning rate 9 pips more than the losers. the net sum is +27 pips. We are still good.

Sedona- A system for inactive hours

I also stopped out on two positions. My platform said" D'ohh"!

Sedona- A system for inactive hours

As I am using two different platform for charting and trading, and today if I put the stop 2 pips higher, it would not hit, maybe I have to look at the bigger box, just to be safe. Steve, How your last two week data differ from mine, If you have ...

Sedona- A system for inactive hours

I examined the trade carefully, I don't see any reason not to take it. The only reason could be the i-rate which affect the pair indirectly, yet the market almost knows the Fed would not change it and the chart shows it is not a surprise. I put it ...

Sedona- A system for inactive hours

good discipline. your high and low was based on Oanda?

Sedona- A system for inactive hours

Stopped out on all three positions: -54, -41 & -27 pips. Average -41 pips.

Sedona- A system for inactive hours

All three sell positions have been triggered. Now we just have to cancel buy positions and readjust T/P when necessary. You may listen to music and look at cable chart to see how the crowd will act on the news. If we stop out, as we are wise, we may ...

Sedona- A system for inactive hours