Daily Breakout Swing Trading Centipede System
Simple Rules:
i)Swing trades based on daily breakouts if signal confirms buy/sell
ii) Add more trades in the direction of the core open trade - building centipede every 40pip distance
iii)On Signal reversal,squareoff of all the open trades and take a fresh trade in the opposite direction where new signal comes.
iv) Spread check under 3 pips prior to taking trades.
Example : GBP USD 1.3042 Daily sell signal breakout
core position i) 1 sell GBPUSD 1.3042
ii) sellstop GBPUSD 1.3002 (if triggered new sellstop at 40pip distance i.e 1.2962 and so on till the core signal reversal)
Attached the EA for daily chart
Attached File(s)
dailyswingcentipede.mq4
5 KB
|
1,772 downloads
BackTest on GBPUSD Daily 10k account (lot size 0.01) from Oct 2019 to Mar 2020 till date below :
Any new ideas welcome.
Cheers,
Scoobidoobi
Scoobi doobi doo