how to automatize a strategy
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i might create a logic for this project, not sure if it is profitable and worth the time... if more people are interested i might go for it...
edit:
is this really making money? i see some breakeven many sl and 2 tp3 hits... or am i missing something of this strategy?
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@bk7 yea cuz my targhet is never tp3 i protect my profit by moving sl
so trust me at long time this strategy is sooo profitable
its long time i use it -
so share the whole strategy, how to open trades, when to close them how to size them etc...
if this is clear to me i might create an ea, the better you structure everything the more likely it is that i (or someone else ) will create it...
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It could be a good basis combined with a larger point of view in mind to ensure you are trading in the right direction...]
but the way I understand it is;
chart will be blank. eventually lightslategrey will appear, when price crosses the top of the lightslategrey a new blue rectangle will appear. signal to go long.lightslategrey will appear, when price crosses the bottom of the lightslategrey a new red rectangle will appear. signal to go short.
I would imagine the best way to do money management would be: to initiate 3 trades in the direction at a size of .02 each. TP is SL is the bottom of the lightlategrey for each.
TP levels are at each shade of blue. -
@jsauter86 i use triling stop at 250 points
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wow. you're a long term player. Thats a very long trail. much can happen it that time. I'm under the impression that if ive done my homework, im entering with a small stop. if it doesn't go where i predicted, then Im out of the trade quickly. 30 pips max usually for my personal trades.
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250 points is 25 pips
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oh. nevermind then. haha
