Hi all,
in this thread I wish to reveal a evaluation of a unbelievable simple kind of fashion follower.
It's so easy it does not deserve to become a system actually.
Here are the principles with an example for your EUR/USD:
Assume the price is at 1.2000:
Place stop buy orders at 1.2050, 1.2100 etc with NO TP but using a trailing end of 100 pips.
Place stop market orders at 1.1950, 1.1900 etc with NO TP but using a trailing stop of 100 pips.
That's all. So in case the Euro goes up (as it will ) we'll go at:
1.2050 using a TS at 1.1950
1.2100 using a TS at 1.2000
...
We fill the gap in the other direction, therefore in the event the order at 1.2100 is stuffed we place a new stop market at 1.2000.
I will test this using a demo account, the connection for MyFxBook can be found here:
http://www.myfxbook.com/members//simple-trend/35327
Really I really don't know the outcome of the item, this is just a few analyzing. I'm curious how this kind of dumb and easy item will work or not...