Lindencourt Daily System (By moodyman)
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Lindencourt Daily System Discussion
Nov 07, 2011 at 07:00
1,126 Views
2 Replies
Feb 29, 2012 at 23:17
Flash posted:
Hi
Looks like things are going good😄
Can you please define your rules. I see you only use only trade per pair mostly. When do you move to BE? I am aware of LCD rules do you strictly follows these?
Thanks
Flash
Hi Flash,
i am following rules regarding entry criteria and recommended stop loss, but i do have different approach when exiting trades. First i close trade when stoch crosses according to original rules, second i partially take profits when price reach nearest support resistance lines and let rest be trailed till stoch cross. It might screw up risk reward ratio of strategy, but i am feeling much more comfortable when i bank at last some profits in drawdown periods such we are in now. Maximal drawdown is in the end lower. Trading so much pairs with original rules only would incerase maximal drawdown.
I tested this strategy since last july and i can tell, that you would need large account and trade 0.5% risk max to be comfortable with drawdown periods.
Hope it helps.
Moody
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