Hi Guys
Have not shared here for a while...
Reason simple...and as Steve says unless you have something useful to add then don't add at all
Just from a few pm's I received.. what money management do you use? well...my favorite is MPTM set at b/even after 25 pips and locked in at 5 pips and a jump stop of 15 or 25 pips with a s/loss of 150 pips for now.
Here's the thing....you need to play with your maddy dashboard because different settings will produce different results...I can look at my Maddy dash board weekly settings for example which means that I am looking at a longer look back period and this could simply kill you with draw down in ranging markets unless you want to sit it out and wait for the trade to come in but with a bigger s/loss.....simply has not been good of late and the markets have simply messed around with up and down movements...no trending conditions.
You could also go for a short look back period and I do believe this has been more successful for me lately with getting in and out,,,take what the market gives..so therefore I would go with the same setting but exclude the weekly t/frame and use just up to daily with a short look back of 240 to 800 minutes..we need to be flexible.
I do believe that mad traders will smile again in the last half of this year when we really start seeing trending conditions again..
Tc
Leon