you are really doing a great job man your time frame is really working for you i also developed a strategy for 4hrs sometimes ago but i dropped it i think i will go back and dig out the strategy
i want to ask you how you set your stop loss and take profit i mean how do you determine the number of pips you will set for your take profit and stop loss. your strategy really nice one
logged into your account and was impressed you dont have any loss although i see you dont use stop loss. do you use stop loss in your real account for this strategy and please is it the zigzag or the moving averages you use as basis for entering and exiting trade. thanks
Last edited by seadoffx; 11-11-2011 at 04:28 PM.
Congratulations!!! Today you are on top of the list. It seems that your stratergy in trading is very effective. I will follow your posting and want to learn from it. Hope to gain more knowledge from every step that you take in trading.
i will put pending orders for the two pairs
Sell lmit @ 1.3760 TP 50 SL 20 or leave it without SL and open a new position after 50 pip
Sell lmit @ 1.6125 TP 50 SL 20 or leave it without SL and open a new position after 50 pip
good luck for all.
please i still want you to explain the basis for pickin your trade is it just once price is above or below the moving average or is their a particular signal you pick from the zigzag and i want to ask if you use stop loss for this strategy in your real account
You are trading with zig zag indicator? I hear that zig zag repaints and that means that it can give the user problems. However, I can see that you have been making good profits with it. When the contest is over you will let us know how you use this indicator. Thank you.
I wish you all the best in this contest.
i think he looks out for the exact entry and exit through the moving averages and not exactly the zigzag or probably i'm getting him wrong