Trading Journals - TimeLine Trading Strategy
In glance:
1) Calculate Daily High Low Range of some number of candles, I called as "BOX"
2) The calculation started from specific date I called as "TimeLine"
3) Once Box is fully formed then waiting for breakout with minimum RR 1:1 execution
4) TimeLine is critical parameter as it's has significant contribution to increase accuracy and risk reward
TimeLine may comes from many resources such Economic Events (NFP, LDR, FOMC, CPI etc) and Non Economic Events.
General:
1) Breakout strategy on Daily timeframe, by add some buffer (still working to determine buffer value in pips for particular pairs)
2) TP and SL, maintain good risk reward per signal entry..(still working to determine TP value in pips for particular pairs)
3) Cut switch with risk/lot multiplier if initial entry is failed (if necessary)
4) Partial close may applied meanwhile waiting for validation from next TimeLine
5) No martingale/averaging strategy
6) No grid strategy
7) No news event restriction
Pair:
Recommended pairs: US30, US500 and gold
Other pairs : Oil, major pair, crypto currency
Risk: (I call it as "BOX")
Approx. 2-3 daily HiLo range
Gold 150-500pips
US30 500-1000pips
Based on past result, consider to keep using HiLo range as SL value instead of SL in pips
Note: as the consequence, Risk Reward is decreasing.
Reward:
Minimum 30-50% of "BOX"
Maximum 100-800% of "BOX" depend on the upcoming TimeLine
Still working to set TP value in pips for particular pairs
In glance:
1) Calculate Daily High Low Range of some number of candles, I called as "BOX"
2) The calculation started from specific date I called as "TimeLine"
3) Once Box is fully formed then waiting for breakout with minimum RR 1:1 execution
4) TimeLine is critical parameter as it's has significant contribution to increase accuracy and risk reward
TimeLine may comes from many resources such Economic Events (NFP, LDR, FOMC, CPI etc) and Non Economic Events.
General:
1) Breakout strategy on Daily timeframe, by add some buffer (still working to determine buffer value in pips for particular pairs)
2) TP and SL, maintain good risk reward per signal entry..(still working to determine TP value in pips for particular pairs)
3) Cut switch with risk/lot multiplier if initial entry is failed (if necessary)
4) Partial close may applied meanwhile waiting for validation from next TimeLine
5) No martingale/averaging strategy
6) No grid strategy
7) No news event restriction
Pair:
Recommended pairs: US30, US500 and gold
Other pairs : Oil, major pair, crypto currency
Risk: (I call it as "BOX")
Approx. 2-3 daily HiLo range
Gold 150-500pips
US30 500-1000pips
Based on past result, consider to keep using HiLo range as SL value instead of SL in pips
Note: as the consequence, Risk Reward is decreasing.
Reward:
Minimum 30-50% of "BOX"
Maximum 100-800% of "BOX" depend on the upcoming TimeLine
Still working to set TP value in pips for particular pairs