I subscribed to the signal on 27 February, which you'll notice was unfortunately one of the worst timings for the signal. That said, I think the review below mine by awais is missing the core of the strategy. It is important for the profitability of the strategy that profits are uncapped, and using a trailing SL would almost certainly have reduced gains on the best days of the signal's life. If you go through the history of the signal, you'll see that most of the gains were made on single days when GBPJPY made an outsized move in favor of the signal.
I'm similarly frustrated at the string of recent losses, but this is simply part of the game we're playing. While it's painful to see a profit turn around into a loss, the idea of the strategy, how I understand it, takes this inevitability into account.
That said, I am concerned that the signal did not make a trade today, the morning of 12 March. Was there some logic that prevented a position being opened? Or was there manual intervention? Some more guidance from the signal provider would be helpful so we all can understand what goes on behind the curtain.
Edit: The signal provider reached out to me immediately to explain how no trades are opened when there is not a breakout in the Asian session. Made perfect sense. Great communication!
Why don't you take profit when its considerably up, instead you wait for price to reverse back and take the SL. At least use a trailing SL. The breakout strategy is good but you are not capitalising on it very well
I subscribed to the signal on 27 February, which you'll notice was unfortunately one of the worst timings for the signal. That said, I think the review below mine by awais is missing the core of the strategy. It is important for the profitability of the strategy that profits are uncapped, and using a trailing SL would almost certainly have reduced gains on the best days of the signal's life. If you go through the history of the signal, you'll see that most of the gains were made on single days when GBPJPY made an outsized move in favor of the signal.
I'm similarly frustrated at the string of recent losses, but this is simply part of the game we're playing. While it's painful to see a profit turn around into a loss, the idea of the strategy, how I understand it, takes this inevitability into account.
That said, I am concerned that the signal did not make a trade today, the morning of 12 March. Was there some logic that prevented a position being opened? Or was there manual intervention? Some more guidance from the signal provider would be helpful so we all can understand what goes on behind the curtain.
Edit: The signal provider reached out to me immediately to explain how no trades are opened when there is not a breakout in the Asian session. Made perfect sense. Great communication!
Why don't you take profit when its considerably up, instead you wait for price to reverse back and take the SL. At least use a trailing SL. The breakout strategy is good but you are not capitalising on it very well
Great signals. I’ve been following for a while and I like the trading style.
Are you also selling the EA? I would be interested.