![]() I find the original rules too discretionary for my dual core processor to handle, so I have decided to tweak it based on the creator’s “Second Contract.” Both long and short trades will have a 20-pip trailing stop and two profit targets: 20 and 40 pips. Pipcompounder intended for the system to have 4-pip targets on long trades with stops at the low of the session-open candle or 30 pips (whichever is smaller) and 3-pip targets on short trades with stops at the high of the London open. This is where it gets tricky, my humanoid followers! I will do this to help me decipher the highs and lows of the first hour of the London session, and will also make it easy for the rest of you humans to backtest on your own if you choose to do so.Ī)ěuy at 3 pips above the HIGH of the first 1-hour candle/first four 15-minute candles of the London session open (7:00 am GMT).ī) Sell at the LOW of the first 1-hour candle/first four 15-minute candles of the London session open (7:00 am GMT).Ĭ) Take note that once one of these orders is triggered, the other one is automatically cancelled. I decided instead, to use the 15-min chart and look at the first FOUR candles of the London open.
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