Entered long based on the close of the engulfing candle and moving average cross over. It will be a while before we trail our stop loss because the red line represents the low of the previous 45 candles (45hrs). This strategy only has a 25% win rate but the avg win is >5x that of the avg losers. Profit factor is 1.58
Same Strategy - 2x Different Entries... Short EURUSD based on the close of the engulfing candles and other moving average crossover. 1) Either price reverses straight away to stop us out or... 2) Price continues to move lower and I will trail the stop loss using the 9bar Donchian Channel. In this instance, once the blue Donchian Channel is below the initial...
My software has entered a short position as shown on the chart. The trade will be managed using Donchian Channels (all done automatically by my software). As price moves lower, the Donchian Channels (blue line) will move in conjunction with price, to the high of the previous 5 candles. When (if) this blue line moves below our initial stop loss, my software will...
Following on from my previous post, we have had another entry reason and re-entered the trade. Same rules apply as last time - profit target is the MA, stops are fixed (not trailing).
My software has automatically entered me into this trade. See notes on the chart. There is no trailing stop on this strategy so it either hits the original stop loss or hits the moving average and the trade is closed. Occasionally, if price consolidates for a while and the moving average moves higher, the price can be closed at the MA for a loss (although this is...
My software has already entered me into the trade shown. As soon as price moves down 0.2R my stops will automatically follow. Could be a quick in and out, could see a pump lower, in which case the stops will just water fall down 0.2R away from price.
My software has already entered me into the trade shown. Stops are currently at break even after price has moved 0.2R in our direction (as indicated on the chart). It's already a risk free trade so we're now just going along for the ride. Could be a quick in and out, could see a pump higher. It's of no risk to me.
This is one of the strategies I trade via OTTrades. My software has entered long at the price shown on the chart. If it moves against us and stops us out then so be it, there might be another couple of opportunities where the software will re-enter at a lower price, unless otherwise invalidated (I'll update this thread accordingly). Ultimately, I'm expecting to...
This is based on 192 trades backtested using OTSoftware. The original number of trades tested was 450 and this has been optimised to enhance the win rate at 1:1 RR
This pattern was identified using OTSoftware. Based on backtesting results of hundreds of trades, this strategy has a 62.26% win rate at 1:1 RR (adjusted for spreads)
As shown on the chart. This pattern was identified using OTSoftware.
EURGBP High Probability setup found using OTSoftware.
As show on the chart there is a setup occurring on this pair with a 66.35% win rate at 1:1 RR (adjusted for spreads). This pattern was found using my software OTSoftware.
I have entered short at the price shown based on a sell stop order opened by OTSoftware, my automated trading software. This order was placed based on the completion of a specific pattern that I have backtested showing 63.57% win rate at 1:1 RR (adjusted for spreads at the time the order was placed).
This pattern was identified using my own software. I have entered short at the price shown. The trade is 1:1 RR adjusted for spreads.