Building an Equity millipede: Long Term Position Trading. Post by dietcoke» Wed Sep 04, pm. I love this thread over on FF by Pipeasy. Results and performance of Building an equity millipede test1. Discuss, review, analyze and learn about Building an equity millipede test1. Originally Posted by. Building an Equity Millipede Shows you how to forex low risk trades which could potentially run equity years. Trading an Equity Millipede 23 factory. Build an.

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Please keep them to the weekend discussion thread only. This requires discipline, patience, and the ability to calmly watch paper profits disappear. This includes posts that state wquity me for details”. The system looks for a very special set-up at one particularly opportune time only: In the medium term daily Allow open positions to grow or die at breakeven.

In summary, the strategy looks for an Inside Flying Buddha to form on the 4 hour bar that closes at 8am London time on Monday morning. The 4 hour bar closing at 8am London time on a Monday. No empty news articles without milllipede News articles and trades ideas should be posted with your analysis or an accompanying question.

There are a plethora of subs devoted to the various crypto topics. Also, posting a link to an article you read is fine, but you are not allowed to post a link to an article you’ve written in hopes of gaming traffic or promoting your work, thus leads us to rule eqkity below.


No part of the bar can touch either of the moving averages to be a valid Flying Buddha.

Want to add to the discussion? You are going to have to expect lengthy periods of draw down. In other words look for low risk entries, here is an EA which basically does nothing but look for potential turning points and then opens speculative positions with milpipede stop loss. It only does part of what you’re looking to do, but it’s only the first stage of an idea that I’ve had for around 18 months.

When the Monday morning London open Inside Flying Buddha forms, you place an order at the end of the bar towards the moving averages with the stop at the other end of the bar.

Forex factory equity millipede

In short timeframe intra day Looking for low risk reversal points and keeping a very tight stop. What a good read. If it is in profit, move the stop to break even. Create your website today. However, this is not optimal as you might miss the trade that turns out to be the big winner.

Monday morning at 8am, the London weekly open. Additionally, the shorter-term moving average must be above the longer-term moving average when the Flying Buddha closes above them both in order for it to be a valid bearish Flying Buddha, and vice-versa for a bullish flying Buddha.

This strategy seeks to enter right at the beginning of a long-term trend. Here are my rules for buys: I love this thread over millipdde FF by Pipeasy.

It is recommended to following a range of risk currencies vs.

Building an Equity Millipede : Forex

Users browsing this forum: If you are watching 6 pairs, you will have days where a trade is triggered on all 6 pairs. If position sizing is a problem for you, you might want to pick only the trade that looks the strongest, especially if it is set-up against both the dollar and the yen. I’m attacking the particption bit first. Size every position equally. Focusing on is much easier than Long tails Momentum breakouts Flying bhudda’s etc. I’m not ok with equity swings, so my max downside risk per trade is smaller than his.


Hey DietCoke, I’m currently coding and testing something similar now The best balance between precision and reliabilty is achieved by utilising the 4 hour time frame. The strategy is most effective if you trade it simultaneously with several different pairs. Therefore you are going to need to let winners run for at least 20 units of risk usually at least pips before taking any profit.

As for dropping pairs, I can definitely recommend that. You should do this no matter what exact strategy you follow for the final exit. Like that guy, I follow the tries per day max rule. Building an Equity millipede: Surviving trades will appear to have been opened very close to the beginning of new trends.

I’m not the original author These have a stronger edge if they break down towards the moving averages on the next bar.

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