just lost all my account today, on more trades placed on a single pair. A few months ago i placed more trades on usd jpy, and my margin level was at around 6k. The trades were mostly placed around the 10.50 - 10.80 level on usd jpy. The pair just went higher all these months, basically wipping my account today.Can win if you use it correctly, but it's scary because there is no SL.
how many months were you successful with this?just lost all my account today, on more trades placed on a single pair. A few months ago i placed more trades on usd jpy, and my margin level was at around 6k. The trades were mostly placed around the 10.50 - 10.80 level on usd jpy. The pair just went higher all these months, basically wipping my account today.
This strategy might make you profit short term without a stop loss, but long term, something like usd jpy happening will just break your account.
Well, about 5-6 months to be honest. The thing is, market was crazy in the last few months. if i wouldn't broke the rules, my account would've been fine now. I basically put too many trades, and my margin level dropped from 2400% to 200% in those months. If i would've kept my margin level 8-9k , everything would've been fine now.how many months were you successful with this?
Really niceeeee news..... if I can help.. let me know.. what do you need...Hi everyone,
Someone still using this strategy?
Im developing an EA on MQL5(MQL4 is no able for MultiTF backtest)
So, if someone still using this strategy and wanna contribute with your experience and be part of this automation, fell free to ping me.
Initially this EA on will be available for MT5, once all test was finished, ill rewrite for MT4
Attached some test; below some conditions that this ea check:
-If price is in fibonacci area
-If price pass Arrow filter (15 minutes and 1 hour TF)
-If price pass ZigZag filter (Only 15 minutes TF)
-If price is Above-Below RSI & Stochastic levelsView attachment 140659 View attachment 140660