- Place only one order per day
- Trade the EURUSD only
- Trade (for now) using only recommendations from different sources:
- The Trend Index from FxStreet for EURUSD on a 1d timeframe.
- Moving averages and technical indicators from Investing.Com on a daily basis.
If all recommendations are met, then I'll place an order of 1 mini-lot (short or long). I'll be using Virtual Trading as the paper trading platform for being the most clear and simplest platform to use. I opened an account with 1000 virtual dollars. I'm user techvtrader. You can follow my performance on http://virtualtrading.com/techvtrader/trades/
Why am I doing that?
1st, I need to get used to placing orders. 2nd, I'll have time to read and learn while my order is placed. 3rd, I will loose "only" virtual money.
For now, there will not be stops or money management. This will be a very basic trading technique.
I'll be updating the post with which are the trading results for using de signals and indices from those Sites. Also, I'll be improving this very simple "technique" with new findings and learnings.
Thanks for reading!