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Rachamim · 18-02-2003, 05:26

Nicholas,

This is an interesting concept. It occurred to me some time back, although I have not so far had chance to test it out, that for a pair such as EUR/CHF, which travels in a fairly straight line, the sort of system you mention (if I understand it correctly) could be used.

There is a fairly constant range, high-low, of 10/12 pips and it should be possible to keep reversing (on the 5 min chart say) every few bars, to obtain, after spread, 6/7 pips, assuming one's trading platform were sufficiently responsive. In a 3/4 hours, it looks possible to achieve 70/80 pips per unit.

Is this the sort of thing loop trading envisages?
How would one apply it to other pairs, where the degree of fluctuation is greater?

Thanks,

John

18-02-2003, 05:26	#3
Rachamim level 1 Join Date: Jan 2003 Posts: 11 Downloads: 0 Uploads: 0 Rep Power: 0	Loop Orders Nicholas, This is an interesting concept. It occurred to me some time back, although I have not so far had chance to test it out, that for a pair such as EUR/CHF, which travels in a fairly straight line, the sort of system you mention (if I understand it correctly) could be used. There is a fairly constant range, high-low, of 10/12 pips and it should be possible to keep reversing (on the 5 min chart say) every few bars, to obtain, after spread, 6/7 pips, assuming one's trading platform were sufficiently responsive. In a 3/4 hours, it looks possible to achieve 70/80 pips per unit. Is this the sort of thing loop trading envisages? How would one apply it to other pairs, where the degree of fluctuation is greater? Thanks, John