Geko wrote: ↑29 Jun 2017, 13:31
TheSnowman wrote: ↑29 Jun 2017, 08:57
Regarding my post earlier about using ADR to take profits, here are very early results, only few hours actually, I like what I see so far. This is DEMO account running on my VPS with IC Markets.
2017-06-29_16-52-21.png
Thanks for the feedback John, you are using the ADR on individual pairs or for the basket ?
That's on each pair as per the settings posted earlier, my idea was to capture these moves that are happening. I'm using the default settings for CCFP, with F/F and T/F - Daily & Weekly so have 2 dashboards running.
Of course you can see that in the comments in the update screenshot here.
I did go back into the VPS and reduce the Daily to filter with Candle Trend by W, D, 4H recently and the Weekly is still at MN, WK and Day of course.
It's having some wild $1,000 swings with the GBPJPY / GBPUSD deciding what to do. I can see potential for losing profits made already. I may reduce the stop loss to 100% or even 75% of ADR instead of 125% because it trading with the trend and if / when it retraces that much, want to be out early as possible, right?
Also with real account I would have smaller lot size. This is where calculating the lot size for each pair according to the $ per pip would really help, especially when the account is large enough to appreciate the differences.
This is a $100,000 demo and it feels like every time I recover back to there, the market seems to know, Grrrrrrrr!!!!! Maybe the USA session will do the job
PS: on edit - because you know 3% per day just won't cut it
2017-06-29_21-38-22.png
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