Got a new X-mas present from dad.
It's the ForexTester2.
last weekend I went to his house and we took 7 trades and made 340 pips. One loss of 32 pips. 72hrs of chart time traded in just over an 1 hr.
Yesterday I went over and we took 7 trades and made about 300 again. EU was in a funk so it took a week of chart time. He's trading from 2001. We Had one loss of 9.5 pips that I told him NOT to take. He was trying to add a 3rd time when we were at near term support. It was NOT a system trade.
Anyway, Here are my first 2 trades above with the tester2. I'm starting in Dec. 08 about a week before my trading career actually started with live accounts. The goal is to produce good trading habits and build psychological confidence if my chosen methodology.
I'm starting with $1k just like I did back then.
I go day shift Jan. 3rd so I'll be trading London. Getting up at 1:45am CST and heading to work at 5am for a 6-3:30 shift. I will try to monitor any trades during NY with my Droid. I may take some trades if good opportunities present themselves and I'm available at the time they setup.
All trades are based on H4 direction and entry is on smaller time frame momentum.
First target 1/3 pos. is next psych level (15-25 pips) and then trail 10 pips behind each psych level with 2/3 of position.