The goal with this system is to profit when the market is channeling and maybe hit some home runs when it is trending strong... Time will tell
Starting Capital: $6,000
Trading AE:
TraderAgent by Darkmoon FX
I really like this tool to automate aspects of my trades (Break Even - Partial Closes)
Unfortunately the developer has not been active for some time advancing this product.
Currently looking for a replacement with active development.
My Indicators:
TEMA - Exponential Moving Average
- 15
- 50
- 100
3colorMACD
- 12, 26, 9
Stochastic
- K Period = 30
- D Period = 20
Currency Pairs Traded:
Primary - EUR/USD | GBP/USD
Secondary - CAD/USD | GBP/JPY
TRADE DETAILS:
Trade Size: (Based on Equity)
- 1% - Normal Trades
- 2% - Strong Momentum
- 3% - Significant Momentum
Qualifier:
- 60m Trend Direction has strength
Entry:
- 15m Stochastic turn into the direction of 60m trend
Active Trades:
- 150 PIP Stop
- 12 PIPs - take 50%
Break Even:
- At 12.2 - 1.5 PIPs
- Manually move stops under higher Lows
Closing Trades:
- When Stopped Out or 60m trend changes
Adding to Active Positions:
- 5m Stochastic turn in direction of 30m trend
This thread will serve as my journal so to speak and if it adds value to someone else in the process - outstanding!
Here we go...
How to Get the "MT4" tools I use:
TraderAgent - CLICK HERE (NOTE: Developer is no longer active - Currently looking for an alternative...
3 Color MACD Indicator - CLICK HERE
Stochastic Indicator - Basic in MT4
TEMA Indicator - CLICK HERE
What my setup looks like for each Pair: