Thanks for your transparency. Awesome job overall.
I would like to question you about your stop loss and take profit strategy: Do you usually set SL at 50% and TP at 70% on the first day, and adjust them to 30% SL and 50% TP on the second day? Do you use them both for the IC and the hedges?
And also, if I understand correctly, are you opening the trades on Wednesday near the close of the session?
Keep up the good work. As a data scientist myself I have only admiration for you! Thank you very much.
Thank you Pablo! I'm happy you like what we're doing here.
For the stop-losses, yes - the reason the margins are wider the first day is because there might be a wider swing on a Thursday that could kill off the contract too soon (especially if it's followed by a bounce-back on Friday - a scenario that might actually happen this week).
The opening trades are done soon after open - we usually send the email to our subscribers at 9am ET (4pm CET). And make the trade just before that, so in the timeline between 8:45 and 9 am ET.
Hey Vuk,
Thanks for your transparency. Awesome job overall.
I would like to question you about your stop loss and take profit strategy: Do you usually set SL at 50% and TP at 70% on the first day, and adjust them to 30% SL and 50% TP on the second day? Do you use them both for the IC and the hedges?
And also, if I understand correctly, are you opening the trades on Wednesday near the close of the session?
Keep up the good work. As a data scientist myself I have only admiration for you! Thank you very much.
Thank you Pablo! I'm happy you like what we're doing here.
For the stop-losses, yes - the reason the margins are wider the first day is because there might be a wider swing on a Thursday that could kill off the contract too soon (especially if it's followed by a bounce-back on Friday - a scenario that might actually happen this week).
The opening trades are done soon after open - we usually send the email to our subscribers at 9am ET (4pm CET). And make the trade just before that, so in the timeline between 8:45 and 9 am ET.
Btw, having wider initial stop losses is a bit risky, I know, but it has helped us so far a few times