Dear
mohdridzuan, thank you for sharing your setup, to work my way around it and perfect it.
These are the results so far, on demo account. I must say when I first found this method, I moved into it directly in live and until I finished reading all of the information, the trade was unfortunate. That made me go trough all the discussions here and understood that there are strict rules related to margin + that draw down needs improvements. Sharing your results was the key in keeping me interested in going deeper into details on this thread.
So this is what I've done. Built some new things around your setup in order to understand those pullbacks that scared a lot of people here before they even got started to use this setup. As of today, I am trading also a small live account, with 0.01 lotsize and one entry / pair, no more than 3 pairs at the time. Had my first TP hit and the other 2 are in profit towards TP level, they will close soon and look for new opportunities.
I am sharing below the results in my demo account. The trades that are not colored in green I've closed them manually, because I forgot to setup the TP
and even missed around 15% of the extra profit because of that. But was so happy to see that they reached and even crossed the TP level before going back below it.
The other trades are ongoing, waiting for them to finish, monitoring also my 1st entry which was not spot on, it had a little drawdown, around 50$ or so where I've seen some good details that I can now use to perfect the entries and adjust my extra indicators.
For those following the thread, I recommend trying the setup at least in demo account and see how it goes. Out of 3 trades (pairs), one may get sideways for a while, but as
mohdridzuan was saying, after that pullback, if its a even a strong one, then the JUMP will be massive towards the TP. I would say that it can even indicate the potential to go more than the initial TP level, but I will gather more data from the next trades on that.
The two pairs that I over traded on my first discovery, after the price went to low to be supported by my margin, they jumped 2x above the TP level. I scratched my head thinking what I have missed for not keeping all the rules aside and apply them accordingly.
Now I am applying the technical and strategy details and seeying very very nice results. I will keep using it in demo for larger lotsizes and in live account for smaller ones, for the following 2 months, to see how the setup behaves and if my addon to the setup can keep me from big drawdowns. Note: I don't have a margin level of 10.000% available, on my 3000 $ account, for the trades taken, so for those of you who try it out, take note on that rule as well and start a live account only if you can follow them 100% in order to get the results shown here.
Good luck to everyone that finds this thread
