ilearn2t
Sergeant Major
- Messages
- 711
Hello KKurt
All my trading life I've used the "Line Chart" simply because all my strategies and custom indicators is based around the "Close" of a given bar period.
My latest formula:
This trading strategy involves using the EUR/USD, GBP/USD, and AUD/USD as a form of hedging one off the other if all goes wrong, so no losing StopLoss is ever needed.
I like to set a manual "guaranteed" StopLoss at 5 pips (profit) then use my (15) TrailingStop to hunt out any extra points I might get.
To achieve my goals, I allow my order/s to increase by 15 pips (4 digit platform) and set my StopLoss at the minimum level of 5 pips.
It also involves setting a High & Low range finding the center point and placing orders within a given range of "center", below "center" its Buy, above "center" its Sell.
I allow 20 pips from center on a $15 capital, but best to work of your own money management program.
Allowing a loss of 50 pips before adding same type order to same pair taking between 5 - 10 pip profit.
To date I've amassed 1230 pips in about 4 weeks, but with running orders its around 900 true pips profit.
High risk, but l stick to the golden rule, "only trade with what you can afford to lose"
I don't use Bollinger bands nor Fibonacci in this one, but the "Daily" chart is used when I need to adjust my given High, Low and center range.
Good luck
ilearn2t
All my trading life I've used the "Line Chart" simply because all my strategies and custom indicators is based around the "Close" of a given bar period.
My latest formula:
This trading strategy involves using the EUR/USD, GBP/USD, and AUD/USD as a form of hedging one off the other if all goes wrong, so no losing StopLoss is ever needed.
I like to set a manual "guaranteed" StopLoss at 5 pips (profit) then use my (15) TrailingStop to hunt out any extra points I might get.
To achieve my goals, I allow my order/s to increase by 15 pips (4 digit platform) and set my StopLoss at the minimum level of 5 pips.
It also involves setting a High & Low range finding the center point and placing orders within a given range of "center", below "center" its Buy, above "center" its Sell.
I allow 20 pips from center on a $15 capital, but best to work of your own money management program.
Allowing a loss of 50 pips before adding same type order to same pair taking between 5 - 10 pip profit.
To date I've amassed 1230 pips in about 4 weeks, but with running orders its around 900 true pips profit.
High risk, but l stick to the golden rule, "only trade with what you can afford to lose"
I don't use Bollinger bands nor Fibonacci in this one, but the "Daily" chart is used when I need to adjust my given High, Low and center range.
Good luck
ilearn2t