I don’t trade the Daily EURUSD as I am a short term in-and-out trader but today I was curious to what the results would have been if I had traded the Daily, just on the EURUSD. I did a rough estimate using the crossbar tool in Metatrader. There were 16* trades to date.
10 of the trades or 62.5% produced 4284 pips. The smallest be 88 pips, the largest which included a series of PR (Positive Reversal) signals in a sequence produced over 1300 pips. 4 of the trades or 25% were considered losses in that they failed almost immediately. Failure in most of these trades means that they didn’t move into almost immediate profit and stay there. 2 trades were considered to be Neutral in that they moved far enough in the direction of the signal that the trader would have, could have placed a break-even stop loss.
*If you take the time to count all of the signals or if you have The RSI Paint Indicator you will see that there are more than 16 signals. The reason I counted 16 was that I did not count a signal that followed a similar signal, thus the run up of many PR signals in the early part of the year. Each of these trades could have been entered individually or stop losses could have been moved to lock in profits.
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