This journal is to test and record results using an EMA signal indicator based off the daily charts.
Pairs traded: All that ODL offers with spreads under 10.
Indicator settings:
FastEMA:1
SlowEMA: 10
Will attach indicator & post account details this evening (0 GMT).
My starting account balance is $25K. I will be trading 3 positions (.1 lot each) for every new signal.
Take profit will be as follows:
1st position: 50 pips
2nd position: 100 pips
3rd position: trail be using the low of the previous 2-3 candles
Initial stoploss: High or low of the signal candle or the previous candle (which ever is greater)
3rd position stoploss will be set to break-even when 2nd position is closed
Pairs traded: All that ODL offers with spreads under 10.
Indicator settings:
FastEMA:1
SlowEMA: 10
Will attach indicator & post account details this evening (0 GMT).
My starting account balance is $25K. I will be trading 3 positions (.1 lot each) for every new signal.
Take profit will be as follows:
1st position: 50 pips
2nd position: 100 pips
3rd position: trail be using the low of the previous 2-3 candles
Initial stoploss: High or low of the signal candle or the previous candle (which ever is greater)
3rd position stoploss will be set to break-even when 2nd position is closed