there are so many trade signals on this system. makes me get confused.
" People don't care about what you say, they care about what you build "
Trend Trading: It's Not as Difficult as You Think
1. Is there a list of regularly or recommended pairs to trade? 2. Why is the stop loss 30 pips for every pair? TIP for anyone wants the Fibonacci settings, use the Template with Exit, check the Objects, on EURUSD he has left them there, open it, those settings are now yours{image}
01.
You can trade with any pair that you want. But when you choosing other pairs please be careful. So I recommend using All major crosses and Few Minor crosses. I will post a detailed explanation about this. Because every weekend and daily we are researching the best pairs to add for our portfolio. Always try to pair Strong Currencies vs Weak Currencies. Those pairs will move, we are only able to make a profit by moving currency pairs. We are using Fundamental data and Economic Calendar events to choose Currency pairs. This process will help us to minimize risk as well as to maximize return. And also we avoid correlated pairs. We always try to keep our portfolio with non-correlated pairs ( Not every time but most of the time we try so ). Future I will give a detailed explanation About Portfolio selection.
02.
We have both the Static and Dynamic Stop Loss placement method. I only explained about the Static Stop loss placement method. From the research, we came up with a 30Pip stop loss. That is the best amount so far. But for GBP crosses because of the high ATR we are using 45 Pips some times.
I will share the Dyanamic Stop Loss placement method also. On this, there is no constant pip amount. it will change from trade to trade.
03.
Thanks for explaining. You saved some time for me.
" People don't care about what you say, they care about what you build "
Thank you for sharing the method, but the indicator sends too many alerts repetitively without correspondence with the dots.
Template :
" People don't care about what you say, they care about what you build "
Still learning. Telegram @TraderJaya
divergence scalping All Time Return:
-99.8%
Always try to pair Strong Currencies vs Weak Currencies. Those pairs will move, we are only able to make a profit by moving currency pairs. We are using Fundamental data and Economic Calendar events to choose Currency pairs. This process will help us to minimize risk .......
Yes I do agree with you. When it comes to swing trading No matter whether we use the best technical analyse or algorithm we should TO DO FUNDAMENTAL analyse in order to enter in to profitable trades with higher accuracy. It's really important to know which currency is weaker and which is stronger in order to gauge the direction
But does it make any impact on Lower time frame traders? in 15 mint time frame if we are wrong will loose the trade and then will get another chance to enter in to the direction.
When I trade in Lower time frames. I,
- Stick in to selected currency pairs
- Do Consistent and continuous trading in Lower Time Frame by using the same algorithm with a good Money Management.
This helps me to make long term growth. 
- #55
- Jun 5, 2020 2:22am Jun 5, 2020 2:22am
- Joined Jul 2011 | Status: Gold Again | 10,565 Posts
The signals look reasonable but how long until the signal appears and is fixed. Fore example, swing points take 5 candles before they are fixed. So do the blue/red dots stay fixed or do they repaint?
It takes a lot for me to IGNORE you, but you can try.