Currently testing out a new strategy, which seems workable after many back-testing. However this time round, I base my entry with tighter rules and stops wise, I have improved my RR ratio to 1:2. My entry strategy had always been based on trend counting and Fibonacci ratios; playing the breakout The only problem with this combination; my P/L will suffer in range bound regions. There are plenty of range bound regions when trading on the 1m and 5m. Profit/Loss wise, I will still base my entry amount on a fixed risk method.
Will be testing next week with a mini lot, hope I wont do too badly.
By the way, anyone using FXCM, is there a better broker to recommend?
