yeah.. it's stupid to open this kinda thread but i opened it. I have a good system and doing good with that, yet because of my emotions i messed up lot of my trading accounts. Still doing lot of stupid things.
I dunno whether it is possible or not but i hope so.
Making $8000 from $100 in a month is possible by gaining 25% per day.
My Strategy is based on trend following and momentum based. I will diversify my trades on different pairs and split single trade into multiple one's. Risk Per Trade 5% to 10% per pair.
Timeframe: M5 or M15 (m15 for more accurate signals)
Indicators that i am using:
1: My custom arrow indicator
2: Moving averages
3: Daily,Weekly,Monthly Pivot(Mainly Focused on Daily Pivots only. Other for detecting reversal or target)
4: Bollinger Bands
5: ADR Range(
6: MTF Hull Moving Average(H1) (Optional)
Buy Rule: Trend Following Strategy
1: Yellow EMA above Red EMA
2: Price Open above Pivot Point
3: Green up arrow appears
Sell Rule: Trend Following Strategy
1: Yellow EMA below Red EMA
2: Price Open below Pivot Point
3: Yellow down arrow appears
Order: Place Sell Stop or Buy Stop order (1pip + Spread) above or below the candle on which arrow appears.
StopLoss: Above the recen swing high or low where arrow appears
Take Profit: RR 1:1(but needs to figure out. half of the trades gives more than 1:2 RR)
When to not trade or to be cautioned:
When Two moving average converge. When price open below pivot point and above red ema for long trades and price open above pivot point and below red ema for short trades.
Below i attach my trade system screenshot:
PS: Forgive my poor english
I dunno whether it is possible or not but i hope so.
Making $8000 from $100 in a month is possible by gaining 25% per day.
My Strategy is based on trend following and momentum based. I will diversify my trades on different pairs and split single trade into multiple one's. Risk Per Trade 5% to 10% per pair.
Timeframe: M5 or M15 (m15 for more accurate signals)
Indicators that i am using:
1: My custom arrow indicator
2: Moving averages
3: Daily,Weekly,Monthly Pivot(Mainly Focused on Daily Pivots only. Other for detecting reversal or target)
4: Bollinger Bands
5: ADR Range(
6: MTF Hull Moving Average(H1) (Optional)
Buy Rule: Trend Following Strategy
1: Yellow EMA above Red EMA
2: Price Open above Pivot Point
3: Green up arrow appears
Sell Rule: Trend Following Strategy
1: Yellow EMA below Red EMA
2: Price Open below Pivot Point
3: Yellow down arrow appears
Order: Place Sell Stop or Buy Stop order (1pip + Spread) above or below the candle on which arrow appears.
StopLoss: Above the recen swing high or low where arrow appears
Take Profit: RR 1:1(but needs to figure out. half of the trades gives more than 1:2 RR)
When to not trade or to be cautioned:
When Two moving average converge. When price open below pivot point and above red ema for long trades and price open above pivot point and below red ema for short trades.
Below i attach my trade system screenshot:
PS: Forgive my poor english
Attached Image(s) (click to enlarge)
Still learning. Telegram @TraderJaya
divergence scalping All Time Return:
-99.8%
