Developing a System #3 (Dachel's trading system)
Submitted by Edward Revy on June 25, 2008 - 04:21.
Hello, My name is Dachel and I developed a system this week which looks very nice. Maybe we can improve it a little bit more coz im still on backtesting and is not yet the final system.
Anyway..........here it is.
I used (IBFX) to perform the back test.
Here's the deal.
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This is wonderful more like my 4 candles strategy, but this is 8 candles strategy, pretty fine and with lots of prospect. a friend from Equitorial Trust Bank uses this very type a lot in the commodity market. it's cool.
James Ayetemimowa.
WHAT DO YOU MEAN WHEN YOU SAY:
1.You should place your SL at the other side of the channel.
(don't enter the trade if the channel is more than 200 pips)
2.You should place the TP at the size of the channel.
PLEASE WHAT DO YOU MEAN BY THE CHANNEL?
MY e-mail is :talk2horlar[a+t]yahoo.com
There is not infallible systems but still very good average. Im still looking for improvement.
Best Regards
What happened in July? :-(
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