Sunday, April 19, 2020

Once upon an MCO

This is work in progress for modifications for current running MCOs or new upcoming ones

Indicators
Use HA and MACD only.
Maintain the 15m TF.
MM at 1,2,3 or maybe until 4th (6)
TP/SL at 15

The improvement
For the 1st trade - TS to 5pips when  price passed 10p
2nd trade and so on breakeven when price passed 5. If it hit back 0 provided this is registered as a win, it will open the 3rd at 3 lots. also apply same technique to hit 0 and closed.  If that is a loss and it will be a problem because we have 5 in the 1st, 0 in 2nd and -15 in 3rd so thats a `10pip. Still its better than losing 1 trade at 15p. But remember in the current tech, losing the 3rd is a breakeven.
Or if it hit 5 in the 1st restart cycle. At least you got 5pip there.
Well need to think further how this can be improve.