BatFink Trading Strategy (BatFink Trading Strategy) - MT4/MT5 Resources
Over the past few months, I have invested a lot of time in developing a daily range strategy that consistently returns positive results.
Micardo has a post on daily range strategies that is well worth your time. I've started a new thread here, so don't confuse Micardo's ongoing thread and focus on the Batfink system.
Attached is a document I put together using one of these strategies. I chose this to keep risk low and limit reverse trades and account withdrawals. I've also added visual indicators to the system and instructions can be found in the accompanying documentation.
Suggestions for improvements or modifications to the system for your own use are welcome. Sending it out to the masses for testing and coming up with additional improvements can only go as far as improving.
Adding multiple indicators, etc. is not the essence of this system, and the last thing I want to see is this system crashing by adding so many damn indicators that it loses the essence of the system. I would prefer improvements around price action, stops and trend trading, but indicator discussions are also welcome but should be done on the daily timeframe as anything less will only result in missed trades and being late.
If there are any errors please feel free to tell me.
For those currently using London Open and 3 lots, I will also finalize a document for this system and put it in Micardo's post http://www.forexfactory.com/forexfor...ead.php?t=9286 as most of the discussion around this strategy seems to be there.
cheers
Micardo has a post on daily range strategies that is well worth your time. I've started a new thread here, so don't confuse Micardo's ongoing thread and focus on the Batfink system.
Attached is a document I put together using one of these strategies. I chose this to keep risk low and limit reverse trades and account withdrawals. I've also added visual indicators to the system and instructions can be found in the accompanying documentation.
Suggestions for improvements or modifications to the system for your own use are welcome. Sending it out to the masses for testing and coming up with additional improvements can only go as far as improving.
Adding multiple indicators, etc. is not the essence of this system, and the last thing I want to see is this system crashing by adding so many damn indicators that it loses the essence of the system. I would prefer improvements around price action, stops and trend trading, but indicator discussions are also welcome but should be done on the daily timeframe as anything less will only result in missed trades and being late.
If there are any errors please feel free to tell me.
For those currently using London Open and 3 lots, I will also finalize a document for this system and put it in Micardo's post http://www.forexfactory.com/forexfor...ead.php?t=9286 as most of the discussion around this strategy seems to be there.
cheers
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