I will start closing out my trades for the year after today and hopefully be all cleared out by the middle of next week. My plans then will be to have a final edition of 10.3/10.2a/10.0 for the new year. I plan on having it look something like this.
1H chart will be the 10.3 simple with some adjustments to Baluda's indicator. If Don or someone has a working DO/DP line adjusted to one time start I will be interested in featuring it.
The 30M chart will be the same except I will put there the Fib indicator lines instead of the pivot based lines. This is for those that like using Fibs over pivots.
The 4H chart will have the 10.2a system on it.
The daily and weekly charts will have the 10.0 system which I use for recovery trades and long term trades.
I plan on having a CT system similar to what Don posted for those that want that. It will be similar to my 5.0 #3 EA. If price goes outside the BB bands we will catch the retrace at the end of the day. It will be presented with a hedging strategy for those that want to try it. Basically it will go like this.
You will set up your 10.2a and 10.3 trades for the day. If you hedge lets say at 20 pips, you wait until the end of the USA session and then take a CT trade. However, lets say you trade .20 lots. You will close the profit at .20 and the loser you close at .10. This leaves you .10 to recover and the .20 pocketed as profit. Since you hedged at 20 pips you only need a 10 pip retracement to BE the rest of the losing trade. If price goes farther then the 10 pips plus spread then you will start making a profit on that series of trades.
So your trading day will look like, profit trades and CT BE trades, allowing you to have a consistent rise in equity. On those occasions you cant get the CT trade to work, you just take the normal SL around the 20-30 pip mark and be on your way. But the SL will be half the normal size since half was already taken.
So hopefully it will look like this for a trading day. Do 10.3 scalp trades, 10.2a medium trades, and 10.0 long term trades pick and choose what you think is best. So for 10.3 for a week normally has more winning trades than losing trades. If we hedge and BE on 50% or more of the losing trades then that will set your win to loss ratio very high. I will be working on that throughout the month and hopefully have a fully integrated system by the beginning of the year. I also plan on opening an account with Axis Trader so I can hedge.
Thank you for all your suggestions and help, what I will be needing is to add a hedge MPTM along with the Jump EAs. I will be hoping Don's work will be ready by then and will need what you think is the best FIB indicator to use. That is the dream and then I can sit back and just trade knowing I am covered no matter what the market does, I CAN TRADE IT.
