Thanks Pittsburgh
FX for your replies, its enlightening
.
If the strategy I adopt does not catch pips in a fast moving market all the time, but throughout the day.
I am hoping to get more insights from you before I run it live with automation.
In the senario given in the picture posted,
I would have generated 1254 pips spread with 418 trades (yes, 3 pips) for EUR/USD pair for the strategy for 5 days of trades.
and the net profit (profit - spread and interest) for me is about 560 pips.
The shortest timeframe from opening to close is 1 min.
please comment more , thanks and regards.
P.S. If anyone knows of the whereabouts of any order routing software for wealth-lab that has limit and stop orders for FXCM, please post it, I am sure a lot of people would order