Just have to take live signal as it comes and with discretion.
Got a few quick questions, Your XO indi whats the settings on it? Also i am using FXfreedombars_v3 and find that when i use a 15min timeframe the 5 min blocks dont come up, only the 15min do. Any ideas on why this is? (my CCI's are all on 2 and TF's are 5, 5, 15, 15).
Let me know what you think, by the way its a great system!
i wrote the forexfreedom_v3 indicator
it won't draw M1 and M5 block if you attach it to a M15 chart
the indi doesn't draw blocks of lower TF than chart TF
i made it so because i don't think block of lower TF will help on higher TF chart
Yes i understand thats why i ask suk to please post up the indi he is using, i already have a version of the XO.
We have bounced off the Fibonacci extension level 100 essentially on the M15 so it is up to 23.6 of the overall move to now hold true for the extension. Stop is at 61.8 extension of original move so it is not perfect because price may bounce at this level. However I don't move my stops except in the direction of locking in profit. Let's see whether 23.6 can stay held which it is...
Stop got moved to 1.7225 on the break of the 100 fib extension so I'm stopped out now as you can see moved stop however has now been hit... The idea was to move the stop to 1.7225 and target further than the initial target of 1.7200 such as pivot S1 at 1.7137but my day is over now. Thanks those who read and have helped develop these ideas.
Calculations to follow.
Let's work out the numbers on that trade first.
Deducting the spread:
In at 1.7375 (1 full lot)
TP level - 1.7200
SL level - 1.7305
Closed out 0.5 lots at 1.7225
50 pips x 0.5lots = 25 pips net
Moved stop to 1.7259
Further moved stop to 1.7225
Stopped out other half at 1.7225
50 pips x 0.5 = 25 pips net
Total Net Pips for trade: 50 pips net.
Total profit 50 pips (net).
Trade size: 1.5 lots
Max Risk: 50 pips
Trade size: 0.5 lots
Max Risk: 11 pips (net)
Profit: 18.5 pips (net)
Trade size: 1 lot
Max risk: 20 pips
Profit: 50 pips
Overall score so far:
Max risk: -81 pips
Actual losses: 0 pips
Overall risk vs reward: based on max loss vs actual profit taken:
81: 178.5 = 1: 2.2037 which is > than 1:2
More data required. Discretion is definitely required. These are my own discretionary trades.
Average net pips profit per day: 89.25
Actual profits (net pips): 178.5
Looks good suk can you please upload your freedom indi that you are using, still struggling
yes suk1000k can you upload your .tpl ???
-===thank you suk1000k for fast reply....===-
Thanks suk for a promt reply and the indi's!