Starting again with new strategy and one which suits me........
Trading Setup - 3 min TF and entry at break of first 3 candles with sl other end+ 3 point as filter. it will be like SAR tarding..i will reverse my trade on hitting SL....
I have backtested it and did paper trading..... did real tarde from last week adn net in loss........ reason.....didnt adhere to true setup...revised it without proper basis....
So though starting my journal again..... in front of everyone eyes
Eg: By system...NF short at 8225 with SL 8253 and when NF broke 8207 then sl revised to 8223 and finally closed at 8183.....net 40 points after deductions
Reality.... NF shorted at 8225 with SL 8253 but when it failed to break 8207 at second attempt... revised SL to cost..... and reversed there with SL 8209 which eventually hit too and then again shorted with SL 8222 which on charts didnt came but still hit in actual..evenatually made me in buy at 8222 with SL 8205... again SL hit... didnt took reverse trade as 3 SL hit in a day... finally shorted at 89 and exit at 80..... not part of system though......
Dont want to repeat my mistake thats why writing all these publically.... will post my system and actual trade tomorrow... with god grace both will be same....
question to seniors.... how did u manage slippage..... my SL was 8205 but traded at 8201.... similarly 8222 was a SL which never came but still executed
Trading Setup - 3 min TF and entry at break of first 3 candles with sl other end+ 3 point as filter. it will be like SAR tarding..i will reverse my trade on hitting SL....
I have backtested it and did paper trading..... did real tarde from last week adn net in loss........ reason.....didnt adhere to true setup...revised it without proper basis....
So though starting my journal again..... in front of everyone eyes
Eg: By system...NF short at 8225 with SL 8253 and when NF broke 8207 then sl revised to 8223 and finally closed at 8183.....net 40 points after deductions
Reality.... NF shorted at 8225 with SL 8253 but when it failed to break 8207 at second attempt... revised SL to cost..... and reversed there with SL 8209 which eventually hit too and then again shorted with SL 8222 which on charts didnt came but still hit in actual..evenatually made me in buy at 8222 with SL 8205... again SL hit... didnt took reverse trade as 3 SL hit in a day... finally shorted at 89 and exit at 80..... not part of system though......
Dont want to repeat my mistake thats why writing all these publically.... will post my system and actual trade tomorrow... with god grace both will be same....
question to seniors.... how did u manage slippage..... my SL was 8205 but traded at 8201.... similarly 8222 was a SL which never came but still executed