Took 2 long trades on EURUSD this morning using the following alerts and P/S/R.
M5 = F-Trix
M15 = Cloud, F-Trix, S-Trix, X-Trix
M60 = F-Trix
Stochastics = M15, 8,3,3 with 20 offset
I am working on a better way to take profit to get more out of these trades. As you can see there is more to be gotten most of the time. The way I trade is to set a TP and SL point and then place the order and let it run. I take a maximum of 2 trades in the same direction. The SL on these 2 trades was set at lowest of last 3 bars, as can be seen by the red mark on the chart. The TP point is the little blue mark. I only trade within the blue area which is 9 GMT to 17 GMT. I am still tweaking these settings to try and make this as mechanical as I can. I have also included a image of the EURUSD trades I have done this week, I believe I posted the charts on most of these previously. These trades were done on a live account with a lot size of .01. The THV system works nicely.
Edit: I believe the one trade not in green I closed out manually as it didn't look to good at the time but still made a few pips on it.
M5 = F-Trix
M15 = Cloud, F-Trix, S-Trix, X-Trix
M60 = F-Trix
Stochastics = M15, 8,3,3 with 20 offset
I am working on a better way to take profit to get more out of these trades. As you can see there is more to be gotten most of the time. The way I trade is to set a TP and SL point and then place the order and let it run. I take a maximum of 2 trades in the same direction. The SL on these 2 trades was set at lowest of last 3 bars, as can be seen by the red mark on the chart. The TP point is the little blue mark. I only trade within the blue area which is 9 GMT to 17 GMT. I am still tweaking these settings to try and make this as mechanical as I can. I have also included a image of the EURUSD trades I have done this week, I believe I posted the charts on most of these previously. These trades were done on a live account with a lot size of .01. The THV system works nicely.
Edit: I believe the one trade not in green I closed out manually as it didn't look to good at the time but still made a few pips on it.