Boxed GBPUSD - page 2
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20/6 Results
My 2nd TP target (1.9913) was reached.
Currently I have 18 wins and 7 losses (biggest drawndown was a 52 pip loss) at 72% success rate and 209 pips over 16 days.
I have to do some further investigations:-
a) money management. I use 1 lot which it used to get to my frst TP, then i sell 0.5 lot and then that 0.5 lot is used to try and reach my 2nd TP. Out of my 27 forwards tests it is 52% of the time it reaches 2nd TP.
Another method that i have been thinking of is using as follows:
- I use 1 lot for day 1
- if i win then i add 0.1 so total at the start of the day will be 1.1 lot
- if i lose then i take away 0.2 lots so i start the day with 0.8 lot
Any ideas/suggestions gratefully recieved
Thanks
21/06
Todays starters is :
BUY at 1.9930
1st TP = 1.9940
2nd TP = 1.9960
Stop loss = 1.9910
Todays results were: +20, -90 Total: -70
total pips so far: 201 pips (from 29th May to today)
22/06
Buy at 1.9932
1st TP = 1.9942
2nd TP = 1.9959
Both levels have been reached and profits locked
I am also putting a short on 1.9905