I have spent quite a few hours analyzing the Trading For Pennies Strategy and the trades of Oct 1. I made 9 trades on October 1 and after analyzing each trade, I have made changes to some settings, dropped the Ultimate Oscillator in favor of the Williams%R and made changes to some of the other indicators.
I have come up with 7 rules that make the Trading For Pennies Strategy more consistent, profitable and picked Day of Time needs. The goal is to create a string of winning trades that losing trades cannot impact. There is little point in trading all day and then having one bad trade wipe out the day’s work.
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