- June 15, 2018
- Posted by: Forex Wiki Team
- Category: Forex Trading System
Simply ensuring I'm on the proper monitor. Want your recommendation or simply feedback.
My buying and selling model is to : Draw ranges each day. Determine pattern path every morning. Commerce Breakout and Retracements.
Commerce 1:
R1 stage commerce Breakout retrace Restrict Order
As soon as a bar get above Stage and retrace, again to stage, go lengthy. Vice versa for brief.
The blue arrow is the entry bar
Commerce 2:
R2 Stage
After a failure to breakout of R2, and begins to retrace. When worth begins heading again in direction of to R2, i enter a purchase cease above the most up-to-date excessive.
The blue arrow is the entry bar
Each these trades have been winners.
Questions:
1. Is such a buying and selling referred to as worth motion buying and selling?
2. Would you think about commerce 2 very dangerous? I consider this as a retracement and buying and selling in the path of present pattern.
3. What sort of efficiency metrics in backtest or ahead take a look at would qualify as a buying and selling model price investing in or show my edge.
What do you consider my buying and selling?
Thanks
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