General Strategy Improvements

So as I was reviewing the trades placed last week, my TREND_REV strategy (still in development) placed a trade near market close on Friday. OMAR_TREND_REV:2013/11/15 14:25:15 Enter BUY 16000@93.82300 Bid: 93.79800 Ask: 93.82300 TakeProfit: 95.64800(1.85000) Stop: 92.87200(0.92600)      11/16/2013 06:25:15   93.796 Let’s see… Bid: 93.79800 Ask: 93.82300 … Ask minus Bid, that’s 2.5 pips… okay not […]

When 337 pips isn’t enough

The last few days I’ve been watching an uptrend in GBPJPY. My interest was sparked when my Shock and Retrace strategy, on the 1 minute timeframe was triggered. If you’ll recall, FXCM asked me to run the strategy at 1m timeframes to gather some data, which isn’t what the strategy was designed for but I […]

General Strategy Improvements

Automatic Amount Calculation While in Italy, I experienced a series of loss trades that, overall, were larger than expected. As the stop amount moves around for every trade, sometimes it can be large and sometimes smaller. This means using a fixed amount exposed me to greater risk occasionally, and unfortunately I lost. I have now […]