Member Since Jul 07, 2012 1 posts
Jul 25 2012 at 15:16
Just testing a few things, especially money management.
I use ADX, MACD, Heiken Ashi, Better Volume, Momentum. I consult the news events and currency index first for pairings to watch out for. I use all timeframes.
I'm trying to figure out the best stop loss and trailing stop to use. Hitting a 25-30 pip stop is painful so I've tried to watch for signs of the trend turning and closing early. There have been times when that was the right thing to do and other times when the trend resumed. I currently use a 12 pip trailing stop and almost all the winners close by the trailing stop. I think somewhere between 10 and 20 pips is the critical level where if it's going to turn, it will turn.
Shame I can't backtest myself ;-)