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Originally Posted by Makedon
Hi jasperforex, how do you determine the sell level? Monday's USDCHF was a nice buy at about 11:00 but it opened low and closed high for the 24 day.
Sounds to me like you sold it when the momentum was over and waited for the next day, which was a low range BTW.
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To be honest I don't know much about the determination and why the levels are what they are except this. Its sold to the punter as a no loss system and the term used was that forced fit was used to ensure only profits were made over ten years of back testing. Theres some other stuff mentioned about some leway added to account for data error slippage stuff like that too, so its pretty solid. And in real life trade for nearly a year its never lost me. Max pip loss on this one has been about 200 points no more before it came back. And thats rare, normally its well within a 100 points especially if you dont do aussie.