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My genuinely objective, rule-based, no bias, no subjectivity plan

  • #21
  • Sep 25, 2026 3:35pm Sep 25, 2026 3:35pm
Quoting TheJube
{quote} Just to make sure; per rules you should on the 2nd trade (the buy) have placed TP around the first unmitigated level around 7806 right? Or was it too close so you took the further TP(?)
Actually, my rules say skip it if it is too close. I have my settings at 10 ticks on the premise that anything less could find us having a "win" that loses money after slippage/spread/commissions. You are correct about the correct level - that's why I'm trying to automate. I have a short term memory and attention issue that gets me sometimes, but you are correct in your read.
  • #22
  • Sep 25, 2026 3:40pm Sep 25, 2026 3:40pm
Quoting colbster
{quote} Actually, my rules say skip it if it is too close. I have my settings at 10 ticks on the premise that anything less could find us having a "win" that loses money after slippage/spread/commissions. You are correct about the correct level - that's why I'm trying to automate. I have a short term memory and attention issue that gets me sometimes, but you are correct in your read.
Super! Thanks for the clarification; sounds promising all!
  • #23
  • Sep 28, 10:39am (39 hr ago) Sep 28, 10:39am (39 hr ago)
Pretty typical Monday. I don't trade Mondays, but I'm watching today while I work to correct my automation efforts. But, 1 quick loss followed by a 0.61R win, a 1.51R win (net 1.22R) and right into a long back the other way that is at trade high as I type this. Up one side, down the next. This is such a steady method. Very much the tortoise, and I still am hunting for my hare method. But this one just keeps printing for me and the automation will make it just that much better.
Attached Image (click to enlarge)
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  • #24
  • Sep 28, 11:30am (38 hr ago) Sep 28, 11:30am (38 hr ago)
Good example of a reversal trade. The short on the previous candle was stopped out at the entry to the long on the current candle, reducing my loss from $186.25 potential to only $98.75, a reduction of nearly 50%. Then, it entered the long and met full TP (0.45R) for a win of $87.50. Instead of a full loss, this method pivoted and got out at almost BE. It keeps me nicely in place for the next trade, which could (you never know, honestly) be the one to blast me to the next income level. Stay in to enjoy the burner trades.
Attached Image (click to enlarge)
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  • #25
  • Sep 28, 2:10pm (36 hr ago) Sep 28, 2:10pm (36 hr ago)
I just got fully funded on an Apex EOD 50k account I started at the beginning of the month. This is the only method I have traded. There were a couple minor execution errors on my part and I got cheeky and tried withstanding FOMC meeting news to my own detriment, but I still made it. Incredibly lazy trading method, no thinking. Here are my results from Tradovate trading just this method. I've been funded before. I've taken payouts several times. But this was the cleanest, least stressful method I have managed it with so far.
Attached File(s)
File Type: pdf Performance.20260928.150525-1[1].pdf   10 KB | 66 downloads
File Type: pdf Performance.20260928.150525-2[1].pdf   67 KB | 43 downloads
  • #26
  • Sep 29, 2:07pm (12 hr ago) Sep 29, 2:07pm (12 hr ago)
Turd of a day gave me my daily max loss and I'm away. Since then, one of those trades went to TP and the other is well along. Sometimes, it is my timing. Losing day, nothing but a data point. Looking forward to the recovery - that is always impressive to me!
Attached Image (click to enlarge)
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  • #27
  • Edited 5:23pm Sep 29, 5:07pm (9 hr ago) | Edited 5:23pm
Quoting colbster
Turd of a day gave me my daily max loss and I'm away. Since then, one of those trades went to TP and the other is well along. Sometimes, it is my timing. Losing day, nothing but a data point. Looking forward to the recovery - that is always impressive to me! {image}
Thank you so much Colby Uncle for this thread. You don’t know how many times I’ve gone through your posts in this thread and used them to build a trading plan based on your approach. I’ll share it with you this week for your review in case I need to add or modify rule. I was looking for a trading approach based on swing levels and your approach seems to fit what I was looking for. I have a couple of questions based on your past trades:

  1. You didn’t scale in at the yellow arrow because the trade was already in a loss. If the trade had been in profit, would you have added another long position?
  2. At the black arrows, why didn’t you set up the short trades when the levels were broken? I know the price didn't test the entry prices, just wanted to confirm if there's any specific reason for not setting up the short positions.

Thanks again

Attached Image (click to enlarge)
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  • #28
  • Sep 29, 5:16pm (9 hr ago) Sep 29, 5:16pm (9 hr ago)
Quoting colbster
I just got fully funded on an Apex EOD 50k account I started at the beginning of the month. This is the only method I have traded. There were a couple minor execution errors on my part and I got cheeky and tried withstanding FOMC meeting news to my own detriment, but I still made it. Incredibly lazy trading method, no thinking. Here are my results from Tradovate trading just this method. I've been funded before. I've taken payouts several times. But this was the cleanest, least stressful method I have managed it with so far. {file} {file}
Thank you for passing the evaluation. If you don’t mind sharing, which broker you use that offers MES and MGC along with their average spreads, commissions etc? I’m planning to backtest this approach for 2-3 years on FXReplay and after that I’ll start trading live with small capital. Thanks again
  • #29
  • Sep 29, 6:15pm (8 hr ago) Sep 29, 6:15pm (8 hr ago)
Quoting aazishhunain
{quote} Thank you so much Colby Uncle for this thread. You don’t know how many times I’ve gone through your posts in this thread and used them to build a trading plan based on your approach. I’ll share it with you this week for your review in case I need to add or modify rule. I was looking for a trading approach based on swing levels and your approach seems to fit what I was looking for. I have a couple of questions based on your past trades: You didn’t scale in at the yellow arrow because the trade was already in a loss. If the trade had been...
1. That is correct - I am glad to scale in full size if in profit, none at all if in DD at the entry price
2. Today, my automation robot was working well enough I gave it some room to operate. I don't recall the exact situation as it developed where you drew but I had already hit my daily max loss and wasn't taking anything further. What you saw drawn were the actual executions I made, but the automation handled a couple trades that I did not draw out because they were made correctly and I let the automation run it a bit. Where you point out with the upper arrow, that would have been a valid losing short. My method was just offside today - I couldn't catch up but it did have some nice action later that I was out of per rules.
Regarding your question about broker, I'm in the US and use Apex and Lucid as my go-tos. I'm with Apex this current second, but have had payouts with Apex, Lucid, ETF, and probably one other along the way. I believe in forward testing so my Apex props are largely just because of price but they haven't done me really wrong, either. One miscommunication with them on a payout some time ago, but I'm good with Apex since. And I think commisssion they charge for MES is only 0.51/1.02 round trip or close to that, MGC is about 0.80ish one way.
  • #30
  • Sep 29, 10:10pm (4 hr ago) Sep 29, 10:10pm (4 hr ago)
Quoting colbster
{quote} 1. That is correct - I am glad to scale in full size if in profit, none at all if in DD at the entry price 2. Today, my automation robot was working well enough I gave it some room to operate. I don't recall the exact situation as it developed where you drew but I had already hit my daily max loss and wasn't taking anything further. What you saw drawn were the actual executions I made, but the automation handled a couple trades that I did not draw out because they were made correctly and I let the automation run it a bit. Where you point...
Thank you so much for your detailed response. I’ve tweaked your indicator a little to add some visuals that help me apply this approach. I hope you don’t mind. Best of luck with your automation. Hopefully, we’ll be able to use it as well once you’ve completed your testing. I’ll also share the complete trading approach with you for your review whenever you get a chance, just to confirm that I’ve understood it correctly based on all your posts. Thanks a lot
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  • #31
  • Last Post: Sep 29, 10:52pm (3 hr ago) Sep 29, 10:52pm (3 hr ago)
Quoting aazishhunain
{quote} Thank you so much for your detailed response. I’ve tweaked your indicator a little to add some visuals that help me apply this approach. I hope you don’t mind. Best of luck with your automation. Hopefully, we’ll be able to use it as well once you’ve completed your testing. I’ll also share the complete trading approach with you for your review whenever you get a chance, just to confirm that I’ve understood it correctly based on all your posts. Thanks a lot {image}
Do you have an indicator for MT5?
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