Although Trade 3 seems to be good, I already found some flaw in the machine once I do manual backtesting on 5 minutes chart...(the machine is excellent for selling but not for buying)
so will rethink the system through....and quit testing this phase. .
Will restart when I find the answer...
Trade 3 Strategy 1 stopped in 1.2635 265PIPs
Trade 3 Strategy 2 Stopped at 1.2614 286PIPs
Trial of thought for buying order before market order stopped:
Trade 4: Buy 1.2580 stopped out in 1.2547 -33PIPs
As I thought it can solve the problem of buying orders, it got swiped from the news. So will need to test the buy order for the next round.
Therefore wait for signal of Trade 5:
will market if it stays below 1.2619 for more than 2 hours and cease in 1.2619
Fundamental framework was altered after review (plus manual backtesting)
Hopefully, there will be no more change from trade 6 onwards.
PS. It is quite intriguing to find the trades over last few days as soon as it runs up and down around my paper trade stoploss level....If that is the true trade, then you would start to think about the stop hunting concept - it could possibly be true that lots of men and women are using quite similar calculation and put the stop over that area but it also may be true that those numbers are the authentic support and resistance level...
What a big drop in Euro. . .this is what trend traders consistently await. . .It breaks the service line of euro on daily chart and supports that the head-shoulder pattern on each chart...