Congrats Ashish and a bigger congrats to Edwards.
I have gone through most of this thread and am surprised at seeing the efforts put in by Edwards. I dl the lazyboy system and saw the charts, also saw the charts posted by many of the members here. I have a few stupid doubts, if you dont mind:
The chart shows a lot of buy and sell arrows ( See the picture attached). Even if you filter out the few signals which are not taken because of ADX parameter, there still are a lot of signals. Now, as i see it a few of them will give a profit and a few loss. Now, how do u filter which ones to take(am talking after 1st round of filtering with ADX)
In the picture, ONLY the ones circled are not to be taken as per Lazyboy(this is my understanding).
We know were to enter, we know the stop, but we dont know where is the profit exit. How do we find that. I mean do we look at the risk reward while booking profits. Suppose a buy trade has a stop loss of 40 pips, do we still book profit in that trade after we get say 20 pip?
I have rarely seen anyone posting more then 1-2 loss with this system. But when I backtest it I am getting more losses then what others are getting.
In case a trade starts to go against us immediately, do we allow it to reach the stops or is there any course corection in between.
I think I must be making some mistake in understanding it correctly. Please help me and let me know how to proceed with it.
King Uncle
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