93925NYO level 1 trade hit on TP.
You check at the 5min chart what the candle is 8:05 and between 8:00.
Can it be a Bearish you start at 8:05 a Long, if it's a Bullish you open a Brief at 8:05?
93925Hello to all!
Can somebody, please, tell me how frequently 3th SL has been hit and 4th trade was succesful throughout the backtesting?
I just think it will be far better in the future to use the limit of 3 SLs instead of 4 daily. Of course, if a trade doesn't hit SL too frequently.
Thank you in advance!
Best regards,
Artem
93925I didn't get a chance to read the whole thread but if I am not mistaken the initial trade is started using the 7.55-8.00 candle, in precisely the same direction.
I trust this helps.
939251 Structure (s)I wanted to answer this question because most traders have asked me through PM. Traders can utilize any 1 option (A) 7:55-08:00 (B ) ) 08:00-08:05 because this is probability game egy. We utilize M5 chart and M5 candle is not actually representing the trend and we are not considering fashion. For 10 pips move, trend does not work. Thus M5 candle is just to find PA..
Now if I take example from the current trade. NYO: Option A is offering me buy candle therefore flat 2 commerce hit TP. Option B is currently providing candle is sold by me and it's giving degree 1 commerce to me. You can pick any choice.
Regards
93925Hello,
This egy is very intriguing! Thank you for sharing!
But will you stop the martingale after 3rd order failed? or 4th or 5th order?
I do believe this is a fantastic egy! Can you use other things to confirm the entrance or simply purely depend on the NY M5 candle that is open?
Thanks!
93925I utilize NYO due to good PA.. I take trades upto 5 max. But utilize this egy wisely and you should have good money management.
93925Just like you said must have good cash management, could u mind tell how much% u risk per transaction? Do you proposal we use a small portion to trade that even after 5 maximum order the account survive?
Thanks!