This will be a no frills journal detailing my trades with the Stairstep Breakout indicator found here:
http://www.forexfactory.com/showthread.php?t=302007
These are trades on a live account so real money is being risked.
I'm compounding to use a stake of 0.5% of whatever my account is so daily stakes will change according to what my account balance is.
I'll post EVERY trade be it successful or failed and hopefully people can see that you don't need loads of indicators and cluttered charts to be successful.
I use a demo account for the indicator and a non-mt4 account for the live trades. This may change with the advent of the SSBO EA which can handle all trades etc. For now I'll trade manually.
All trades will be taken on the GBP/USD. Pip target is 20. Minimum closes outside the CZ is 3.
Starting account balance: £229.27
Trade 1
Date 05/11/12
Stake £1.10
Result: +20 pips
Balance: £251.27
http://www.forexfactory.com/showthread.php?t=302007
These are trades on a live account so real money is being risked.
I'm compounding to use a stake of 0.5% of whatever my account is so daily stakes will change according to what my account balance is.
I'll post EVERY trade be it successful or failed and hopefully people can see that you don't need loads of indicators and cluttered charts to be successful.
I use a demo account for the indicator and a non-mt4 account for the live trades. This may change with the advent of the SSBO EA which can handle all trades etc. For now I'll trade manually.
All trades will be taken on the GBP/USD. Pip target is 20. Minimum closes outside the CZ is 3.
Starting account balance: £229.27
Trade 1
Date 05/11/12
Stake £1.10
Result: +20 pips
Balance: £251.27