fozzy - my experiment - MT4/MT5 resources
Hello everyone,
First I want to thank fozzy for sharing his simple method. This technology caught my attention from day one for its simplicity and profitability. I have been running a demo and recently gained over 2000 pips in less than 2 weeks, see here http://forexfactory.com/showpost.php...postcount=1675. But then I stopped because I didn't think the reward/risk ratio was great enough. Now I want to try again. In this post I will continue to post my trades and update the results.
Basically, I would play it safe and enter a 2-lot stop loss at ATR(10), and once the price moved 0.5 ATR points in my favor, I would close the first lot and move the second lot to break even. All prices listed here are from the fxdd demo platform, so everyone can help me verify it.
No trading on Monday.
Happy transaction.
First I want to thank fozzy for sharing his simple method. This technology caught my attention from day one for its simplicity and profitability. I have been running a demo and recently gained over 2000 pips in less than 2 weeks, see here http://forexfactory.com/showpost.php...postcount=1675. But then I stopped because I didn't think the reward/risk ratio was great enough. Now I want to try again. In this post I will continue to post my trades and update the results.
Basically, I would play it safe and enter a 2-lot stop loss at ATR(10), and once the price moved 0.5 ATR points in my favor, I would close the first lot and move the second lot to break even. All prices listed here are from the fxdd demo platform, so everyone can help me verify it.
No trading on Monday.
Happy transaction.
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