New Account Started for personal trading and signals

Trading Strategy I developed and started this thread to correlate to FF Trade Explorer

Trading 4 Hour charts - but may trade others as the market action is good and I have the chance to watch the charts
4% risk per trade - Single trade per pair
no martingales, grids, or hedging

Indicators Used
CCI
Awesome Oscillator
Heiken Ashi
ATR

Simple Trading Rules based off price action

Long position (Opposite for Short):
CCI above 100
AO showing long
HA showing long

Stop Loss = 1.1 x ATR
Take Profit = 2 x ATR

Adjustments may be made on the fly based on current chart conditions. Avoiding news and Swap times when possible.

I watch 10 pairs for setups. On average, I am in 3-6 pairs at the same time. I base money management on that basis trading .01 lots per $100 in account equity.

I created the calculation below assuming 6 pairs being traded and all being in draw down at the same time. It has not happened yet, but it is possible. Values are approximate as there are differences in pip values and margin needs on different pairs.



Just in case all 10 pairs had open order and all 10 pairs were in draw down...

Can you please share the ATR indicator you use?

Here you go. I found here on FF although I do not remember where. Credit for this indicator goes to its creator.

One of the challenges I am having is that once the buy or sell condition occurs, the setting of the stop loss needs to be correct. The price usually continues in the direction of the signal, which is a good thing. But I need the stop loss to be close enough to limit risk for a false signal and far enough away to not get stooped out prematurely simply due to normal price oscillation.

The 1x ATR may be a good choice. That is something I have recently added to the strategy. It may get pushed out to 1.5 or 2x.

Thank you.