Forex Rebellion (By petewright)
The user has deleted this system.
Forex Rebellion Discussion
Nov 05, 2009 at 08:46
1,023 Views
2 Replies
Nov 05, 2009 at 12:38
hello Pete,
It looks as if rebellion is doing ok for you. I am testing it and on daily and some 4 hr. Just wondering where do you place your stops? using the shifted emas? and what about tp do you have a set target or do you trail with the emas?
It looks as if rebellion is doing ok for you. I am testing it and on daily and some 4 hr. Just wondering where do you place your stops? using the shifted emas? and what about tp do you have a set target or do you trail with the emas?
Member Since Aug 21, 2009
6 posts
Nov 05, 2009 at 12:50
Hi Alan,
So far I have just been placing my stops either at -30 pips, or a few pips below the 5 EMA it depends how i feel the strength of the trade is going to be.
If i think it is going to be a short trend (by comparing 1 hr 4 hr and daily chart) then I will aim for 30-45 pips. and either have a set stoploss of 30 pips or below the 5 EMA.
If i think there could be a strong trend coming then I will place the stoploss below the EMA and every 4 hours or so keep increasing it following the EMA line. I really want like 100 pips here, but so far I have done this method of 5 occasions.
Two finished at break even, and three netted me 74, 53 and 89 pips.
Hope this helps
So far I have just been placing my stops either at -30 pips, or a few pips below the 5 EMA it depends how i feel the strength of the trade is going to be.
If i think it is going to be a short trend (by comparing 1 hr 4 hr and daily chart) then I will aim for 30-45 pips. and either have a set stoploss of 30 pips or below the 5 EMA.
If i think there could be a strong trend coming then I will place the stoploss below the EMA and every 4 hours or so keep increasing it following the EMA line. I really want like 100 pips here, but so far I have done this method of 5 occasions.
Two finished at break even, and three netted me 74, 53 and 89 pips.
Hope this helps
Member Since Aug 21, 2009
6 posts
Nov 06, 2009 at 21:32
I had a bad last few trades, I got false signal cos of High risk news. I will pay more attention next time
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