Joined Mar 2015
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Status: Living Life Large
|752 Posts
I got in way too early. Bands are very tight but they look like diverging now, MACD is long, MA cross is long, stochastic looking up. TDI undecided. Lets hold on a bit here.
Joined Mar 2015
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Status: Living Life Large
|752 Posts
So today was a loss day, the TDI was short all day but I held onto my long position. I should have waited for the TDI to confirm long. I did reverse when the bands showed a bit of volatility.
Joined Mar 2015
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Status: Living Life Large
|752 Posts
Yesterday was a funny day. I held long for so long but price was in a range. Then when volatility increased and set ups were short, i reversed my trade. Later in the evening, for no unknown reasons,maybe i got impatient, I reduced my position. Two minutes later, my TP was hit. What a day!
Today.im back long. All my signals are long, so here goes....
TP at 1.4675
Joined Mar 2015
|
Status: Living Life Large
|752 Posts
Yesterday was a funny day. I held long for so long but price was in a range. Then when volatility increased and set ups were short, i reversed my trade. Later in the evening, for no unknown reasons,maybe i got impatient, I reduced my position. Two minutes later, my TP was hit. What a day!
Today.im back long. All my signals are long, so here goes....
This is an remarkably important part of this trading system. A good position size has to be determined based on your profile and risk appetite. I recommend using a true leverage below 10:1. I use fixed fractional on a weekly basis basis with a true leverage of 40:1. Thats 500:1 on 10% of my account.
My stops wont be more than 60 and my targets are between 30 to 120 pips based on circumstance.
From someone who programs systems on MQ5, I wanted to ask how you handle multiple losers in a row. Is your profit target more towards the 120pips mark but ends up been 30pips if one of your exit trade criteria occurs? Because when i have used this take profit amount in some systems, they end up going through times of drawdown due to making 30pips and losing 50 or 60.
Side note - love the way you structured your post.