You have stated the RW right. 1:2. I think this is a nice strategy. You have some elements that I will investigate in my own strategies. I also will take a closer look at the strategy using historic data - when I get the time to do it. So, I have ...

Parabellum Trading System - H4 Trend Following

I don't get it. Prop firms make their living by people blowing accounts and buying new accounts. At FTUK they have a rule that you are not allowed to risk more than 2% per trade. If you do so, they used to issue a warning. Now they even made a tool ...

Prop Firm Hub

One problem is, that the prop firms gave people unlimitted time to pass challenges. That must have lead to less cash. Next problem is that some people are to clever in their trading and require large cash payouts. If they could set a roof on the ...

Prop Firm Hub

Interesting. I trade the JPY pairs in the asian range. So I checked Dow. It seems to me like nothing really happens there during the asian - unless you go into a very small timeframe like 1 minute. That is on the other hand very interesting.

Prop Firm Hub

The thread is appearently no longer exclusively about Yesterday Break Out. So I experimented with EURJPY in a different setup. TF is M15. After 8 bars you take the trade when a bar is closing higher or lower than highest or lowest at the 8 bars. SL ...

Japanese Daily Breakout

Tuesday - no trades. Wednesday 3 trades - 3 losers. I am aware that statistic says that around 50% of trades will be losers. I have tested using moving average to minimize losses. Does not work.

Japanese Daily Breakout

How have you been doing with this strategy until now this week?

Japanese Daily Breakout

If somebody try to earn 20,000$ and it happens frequently, this person sums up in a batch of people emptying the money reserve in the Prop company. This leads to the companies go broke. And to the situation where we daily hear about companies ...

Prop Firm Hub

OK. Timeframe does matter - because we do only trade at the Close of the bar - very important! If you have a bar on say H4 and it has a long wick to the north. That means that on a lower TF - say M15, you have bars that close higher than the H4 bar. ...

Japanese Daily Breakout

However 2 trades a week - gives 12 trades a week if you trade 6 pairs. That's more than 2 per day. We had 3 trades allready today (i count GBPJPY in).

Japanese Daily Breakout

Size of what?

Japanese Daily Breakout

Sorry. I am not good at the english language. Dictionary say "synchronous".

Japanese Daily Breakout

Right. We need to have something going on. So I tested the rest of the JPY pairs. And have added GBPJPY and NZDJPY. CHFJPY is no good. Of cause the pairs are synchronous to some extent and it is a problem if I have 6 pairs trading some day in the ...

Japanese Daily Breakout

I tested other pairs also, but as expected it is the JPY pairs that works.

Japanese Daily Breakout

I tested GBPJPY. First report is at risk 1% - DrawDown 8% Second at risk 5% - DD 30% RiskReward is 1:3 at both. Yes I know, never risk more than 2%. Just for the fun though. Again report is covering 5 months.

Japanese Daily Breakout

Hi Jack Yes, I know that. But it depends of your broker. I have right now 4 different brokers. And have had many others. So I am sure there is a difference. The worst broker I have in that respect is FXPro. The right word is, that they are ...

Japanese Daily Breakout

My robot takes only 1 trade per pair in one day. So if I get a signal and the trend changes right after, then I do not trade in the new direction. How are your system working in this aspect?

Japanese Daily Breakout

ahh yes. Nice to find that explanation.

Japanese Daily Breakout

I now used the Williams Percent Range indicator as a filter. That gave no differens. So forget that.

Japanese Daily Breakout

And then I like to play with risk setting. If it is profittable at 1% risk, then you can risk more. So if risking 5% then the profit is 20.000$ on a 10.000$ account. And the equity were never below 10.000$. Still 5 months of data.

Japanese Daily Breakout