8 pips per hour

[sidinuk]

holding onto a position in case it turns round, but with a large pot, it seems a fairly solid method...

This is what LTCM thought as well, only their pot was several billion dollars and still wasn't big enough!

 

[FetteredChinos]

you obviously havent seen the size of my wad.

fnar fnar..

 

[farooqanwar]

at the close of each hourly bar set up 2 orders: one to sell at the close + 10 pips, the other to buy at close - 10 pips.

Okay, let's assume the price right now is 1.2772.
I place a limit buy order at 1.2782.
I place a limit buy order at 1.2762.
Now where do I place my stop level?
Where do I exit?

 

[_FXTrader_]

In the backtest you can hit the buy or the sell level just once and at the end of the bar you are in the right position (where the close is).

In reality the buy and sell levels can be hitted more then once.

Can this be a problem for the system?