4% is a benchmark, you can change your risk, as you mentioned. I'm working on changing TP2 and trail it with the general trend. But I haven't came to solid conclusion yet. I'll be glad to have some ideas on it. It's highly possible to boost the ...

Daily Break Strategy

If the range remain like this, orders will be like shown below. Second picture is orders for "First Entry" and last picture is orders for "Second Entry". Spread is 2 and is calculated for buy orders, which means the number in the chart for buy ...

Daily Break Strategy

I may add this : I believe a good system should work fine through at least 5 consecutive years, because market usually change it's behaviour through 4 year time cycle. So 5 years of consecutive positive results covers 2 cycles, one full cycle and ...

Daily Break Strategy

The result got better through the time. 2011 had the best result, yielding more than 4% profit per month, better than the total average of 4 years which was around 2.8% per month (on 1% risk on every trade). Like I mentioned, 200 working hours with ...

Daily Break Strategy

Price came down to 1.2681 before heading for your SL, Look at the chart. If you're still confused, post your orders on your chart. Regards, Basber

Daily Break Strategy

First I had the same Idea, holding on to second entry if BE (TP1) not reached. But after testing through past years and compared the results, I come to this conclusion that Second Entries will remain till price reaches TP2, not TP1. It's tested ...

Daily Break Strategy

Totally agree. Been there, done that .. Regards, Basber

Daily Break Strategy

Comments are on the chart. I hope it is clear .. Regards, Basber

Daily Break Strategy

The Idea is to take the breakout of low volume range with the momentum of London open I believe. I like to have a 24 hour range because it's also a minor S&R zones and day traders and every medium-term traders notice these levels. So it will work ...

Daily Break Strategy

I worked with a similar strategy called London Forex Rush, long time ago. It didn't went well on the long run when I backtested it. But you can do some research and maybe create a sub-system from the main strategy. Regards, Basber

Daily Break Strategy

Welcome to the thread Giulius Regards, Basber

Daily Break Strategy

The Idea is not bad Indrek. It may work. I'll look on to that too. Keep up Participating Regards, Basber

Daily Break Strategy

Thank you publish the first version, then we will work more on it to make it better. Regards, Basber

Daily Break Strategy

Welcome Liamg Regards, Basber

Daily Break Strategy

Hi Frollollc, Welcome Yes, you should place the sell order for "Second Entry" after and if the buy order above the previous day high had executed. Some brokers provide "Activation Orders" which you can set an activation price then it will ...

Daily Break Strategy

Second half closed at Break Even. Buy orders for first entry and buy orders for Second Entry are still placed. Regards, Basber

Daily Break Strategy

The mass psychology about trend thinking usually is this : Before beginning the trend, many are waiting because the trend hasn't formed yet, but after if formed (now), many afraid to go with trend because they thought price is exhausted. Anyway, in ...

Daily Break Strategy

TP1 hit, SL @ BE from here ... Regards, Basber

Daily Break Strategy

If you draw your fibo exactly from high to low, fibo will automatically adjust beginning and the end of the fibo exactly on bar high (for high) and low (for low). notice the yellow circle I drew. I dunno the better way to express this. I hope you ...

Daily Break Strategy

You just mentioned the reason why I took the bullish wave although it formed before LO. Regards, Basber

Sonic R. System