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quintodc
MoneyTreePrimaryHedge
in
Trading Systems
Mar 31, 2010 at 15:51
Interestingly, looking at 4hr chart, EURUSD reached exactly 50% fibonacci level from the high of 17 March (1.38167) to the low of 25 March (1.32664) at its peak today and the peak also creates a bit of a double top, so could be down from here for rest of week...???
MoneyTreePrimaryHedge
in
Trading Systems
Mar 31, 2010 at 15:04
yeh, quite a bit of news this week. check out: http://www.forexfactory.com/calendar.php. Useful to refer to during the week...Yesterday better than expected GDP for UK, today US got much worse than expected non-farm employment change...
MoneyTreePrimaryHedge
in
Trading Systems
Mar 31, 2010 at 11:36
No, unfortunately, the trend has been set against us this week. I'm out of all my trades now as EUR and CHF failed for a 2nd time to reach target. Enough's enough for me and hope next week recovers the losses!! Of course if had used reduced hedge triggers as profit targets on Sun eve would be happy with the week! (also initial trigger trades would have worked well for GBP, EUR and JPY, ignoring sunday price movement).Hope your week ends better!
MoneyTreePrimaryHedge
in
Trading Systems
Mar 28, 2010 at 22:40
Hey, well done Stricky - fantastic result!! I'm planning on using it this week, although EUR and CHF are already beyond first triggers at start of Sunday eve. Will wait till the spreads are down and then make a decision on whether to place market orders on those. (Ed - trades now placed on EUR, GBP and CHF)Yeh USDJPY had a couple of bad weeks for lost pips - 200+ like you say. I think the GBPUSD one reached 417pips beyond its marker and then came back up again by close of week. Not a nice one.Have now posted the 10 week optimum stops on my weekly report.Have a great week!Doug
MoneyTreePrimaryHedge
in
Trading Systems
Mar 23, 2010 at 23:37
Results are in on GBPUSD the biggest moving pair of the 4:90% success rate on hitting both main triggers over 10 weeks.Stop Loss required to hit 9 out of 10 weeks = 165 (NOT 300!!). You could add a margin to make 175 or 200, but I would use 200SL max for even GBPUSD - if it goes away from price that far, signal, it's time to get out!PIPS WON on OCO Opposite strategy using 175 SL = 709pips won in 10 weeks = 70pip weekly average. And 175SL is less scary than a 300pip with regards to maintaining a healthy capital balance....!Hmmm....Will leave results of other pairs until I put in my next w...
MoneyTreePrimaryHedge
in
Trading Systems
Mar 23, 2010 at 17:02
Hello StrickyJust read this post - didn't get an emaill notification from fxbook this time!Ah, thanks for the comments and glad you liked the report. I hope you used the "OCO Opposite" strategy this week ! - was the best to use as it was very quick on Monday morning wasn't it...!! Which week report was it where you got hit by the 300pips? Yes really need a year's data at least to provide a good level of confidence, but I will see how it would have fared overall on the now 10 weeks of data to date inc ideal SL. I'm thinking I might try the strategy, but maybe not o...
MoneyTreePrimaryHedge
in
Trading Systems
Mar 20, 2010 at 17:26
Hello strickyThanks for the questionYes I am using the moneytree strategies - a mixture of the three. I set the initial triggers Sunday evening (using the set and forget strategy), then I use the secondary hedging strategy on any pairs that have hit their first price trigger (by moving the opposite trigger closer to the current price, exactly as per the hedging trigger data provided). Once the first trigger trades have completed I then look to place trades using the main hedging strategy. It is this final strategy which has won me the pips so far, but I am hoping for a better result on the ...
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