in regards to the 27/23 system

[harold4x]

i have backtested from jan1, 2003 until present using the close of the 9am-8am candle (est) and using just the swiss. adding 27 to the high and 23 to low total spread is 50 pips. what i have done is look to get 50 pips and then follow with a tight stop to get more but if stop is met you are done for the week. now is you are up say 30pips and its about 12 noon take the 30 and do same thing tommorow and get the 20. only time i do a revesal play is if the next hourly candle kicks me out then i look to break even or 30 at best.(by the wasy in 42 weeks there was only 2 reversal and won both of them) if you loss 50 on first day tommorows another day.with correct money management starting with 10000 and trading at 10 per pip until equity goes to 11000 then trade at 11 per pip etc you would have 62000 as of now. the record is 40 winning weeks of 50 pips 1 losing week of 30 and 1 week of +10 check it out for yourselves

[blanca]

Hi,

could you explain it a little bit clearer please?, are u talking of the hourly candle 8am to 9am est time? do you use the close of it and then add 27 to the high of this candle, or less 23 to the low of this candle in order to get a 50 pips spread?, then which is your entry point?, i´ve been using 27/23 and there are days that works fine and days that does not, at 2am est in chf. It´s interesting what you explain but a little bit confusing, thanks a lot for your post.

[harold4x]

its the close of the 8-9am candle est lets say it closes at 1.3352 i add 27 for a entry order if it hits 1.3379 and 1.3329 so basiclly you bigin trading at 8 59 am (est) and when candle closes that when you add the 27 and subtract 23 from closing price

[Zorba]

Harold,

as I remember right you also have written about a similar tradesystem with the 8 to 9 am (est) MACD instead of the 27/23 breakout. Does the 27/23 system work better than the MACD system? Have you tried combining the two systems?

Why stop trading when the 50 pip weekly target is met?

What do you consider a tight stop? To my experience it is better to take as much profit as possible instead of a tight stop, because when the stop is to tight it will likely be hit anyway. It will give 5 to 10 pip extra per trade in average.

[harold4x]

the goal is to make money so to limit risk you take what market gives i just did a back test thats all and this was the results i might consider changing to it since results were tremendous

[blanca]

Hi,

could you be so kind of telling your stoploss, do you start using a 50 pips sl and do you trail it somehow? or is it a risk reward 1:1 with 50 sl and 50 target?, and how many times have u experienced loss, thanks a lot.

[harold4x]

I START WITH 50 PIP STOP AND I GET 20 AHEAD I MOVE STOP TO EVEN WHEN I GET UP 40 I MOVE STOP TO 30 WHEN I GET TO 50 I MOVE STOP TO 40 AND FOLLOW FROM THERE IF IT KICKS ME OUT AT 40 I GO FOR 10+ THE NEXT DAY

[blanca]

According to your method entry in chf today was in 1.3248 short, a very nice performance it gave 110 pips, i reviewed other days, and it seems it works fine, do you find in your experience using it, that the stops are less than the profits, and in average per week or month how many stops have u had? thanks again and congratulations.