Premise: You can profitably trade single FX pairs using the default fractal indicator provided by metatrader.
TF: Any.
Stoploss: TBD
What you do: Someone post a pair that have recently displayed a fractal, post a chart and note the timeframe. Exit can be decided by trader, be it pre-determine take profit or some subjective manual method. Of course, you could exit on the next fractal, that may happen a bit late for the DD your account can handle.
I start the thread with 1 Day GBPUSD:
Looks like a good short here. This system is a work in progress, let's figure the ideal stop loss and take profit. Just wanted to start a thread on something which seems almost too common sense.
Any others?
TF: Any.
Stoploss: TBD
What you do: Someone post a pair that have recently displayed a fractal, post a chart and note the timeframe. Exit can be decided by trader, be it pre-determine take profit or some subjective manual method. Of course, you could exit on the next fractal, that may happen a bit late for the DD your account can handle.
I start the thread with 1 Day GBPUSD:
Looks like a good short here. This system is a work in progress, let's figure the ideal stop loss and take profit. Just wanted to start a thread on something which seems almost too common sense.
Any others?
Skype: heliosphan187