aBaxs-news at ZuluTrade
More Information about Social Trading on my blog
Strategy description:
As I mentioned in the title, the strategy is a news trading system. The strategy benefits of something called “negative correlations”, that means when one market is going up, the other is going down. For example, when the EUR/USD is moving up the USD/CHF will usually go down. I have to say “usually” because it isn’t 100%. This strategy is going to exploit this particular feature of these currencies, specifically for the EUR and the CHF.
The trading method is very simple. It consists of making 2 trades on the same side of the market. That means we’re going long both trades.
Trade #1 – Buy long EUR/USD
Trade #2 – Buy long USD/CHF
By placing two trades in the same direction, we don’t care which direction the market heads – we only care that we get a big enough move to make money. For example events like: Non-Farm payroll report, Retail sales, Consumer Confidence, ISM Manufacturing PMI, ECB events, FOMC events etc.
Entry:
We will usually enter the orders about 5 or 10 minutes before the announcement. So that nobody is struggling to enter the market. If you are to late it is possible that your broker probably won’t fill you due to the huge surge of orders coming to market. But between 5 or 10 minutes before the announcement is a perfectly good window.
Money Management:
Example: You deposit $1,000:
$1,000 x 100/$100,000 = 1 Total Lots
1 Lots x 100% / 2 = 0,5 lots per side (Profit 10%/Risk 25%) very aggressive
1 Lots x 80% / 2 = 0,4 lots per side (Profit 8%/Risk 20%)
1 Lots x 60% / 2 = 0,3 lots per side (Profit 6%/Risk 15%)
1 Lots x 40% / 2 = 0,2 lots per side (Profit 4%/Risk 10%)
1 Lots x 20% / 2 = 0,1 lots per side (Profit 2%/Risk 5%) conservative
To be conservative, round down with your own values.
Max Loss per Trade 25 Pips
Max Open Trades 2
aBaxs-news at ZuluTrade
More Information about Social Trading on my blog
More Information about Social Trading on my blog
Strategy description:
As I mentioned in the title, the strategy is a news trading system. The strategy benefits of something called “negative correlations”, that means when one market is going up, the other is going down. For example, when the EUR/USD is moving up the USD/CHF will usually go down. I have to say “usually” because it isn’t 100%. This strategy is going to exploit this particular feature of these currencies, specifically for the EUR and the CHF.
The trading method is very simple. It consists of making 2 trades on the same side of the market. That means we’re going long both trades.
Trade #1 – Buy long EUR/USD
Trade #2 – Buy long USD/CHF
By placing two trades in the same direction, we don’t care which direction the market heads – we only care that we get a big enough move to make money. For example events like: Non-Farm payroll report, Retail sales, Consumer Confidence, ISM Manufacturing PMI, ECB events, FOMC events etc.
Entry:
We will usually enter the orders about 5 or 10 minutes before the announcement. So that nobody is struggling to enter the market. If you are to late it is possible that your broker probably won’t fill you due to the huge surge of orders coming to market. But between 5 or 10 minutes before the announcement is a perfectly good window.
Money Management:
Example: You deposit $1,000:
$1,000 x 100/$100,000 = 1 Total Lots
1 Lots x 100% / 2 = 0,5 lots per side (Profit 10%/Risk 25%) very aggressive
1 Lots x 80% / 2 = 0,4 lots per side (Profit 8%/Risk 20%)
1 Lots x 60% / 2 = 0,3 lots per side (Profit 6%/Risk 15%)
1 Lots x 40% / 2 = 0,2 lots per side (Profit 4%/Risk 10%)
1 Lots x 20% / 2 = 0,1 lots per side (Profit 2%/Risk 5%) conservative
To be conservative, round down with your own values.
Max Loss per Trade 25 Pips
Max Open Trades 2
aBaxs-news at ZuluTrade
More Information about Social Trading on my blog