DAX Daytrader/Scalper - 400$ multiplier

Hello,

Now that Trump is gone and the equity market worldwide recovering, I will be mostly daytrading DAX longs. (still depends)

Plan:
- I will only focus on trading DAX/GER30. (mostly long but TREND FOLLOWING)
- I will trade -almost- naked charts, with different tools like trendlines, support/resistance levels, news/fundamentals + RENKO on tradingview.
- If I were to multiply $400, I will divide it into different live accounts. (ex.: if I profit 800$, I will distribute 800$ to 2 accounts of 400$ + original account)
- I will only try to trade reversals, breakouts, fake breakouts. [will hunt necklines, 4H 1D supports/resistances]

- I will use multiple strategies, but mostly I scale-in trades from decision points/extreme areas in order to create margin-free trades!
- I will try to average with smallest lots 0.01 (Will use scripts to manage multiple trades.)

No rush for now, starting with 400$ demo on Pepperstone: (live on 20 Feb. strict)
0.01 lot for GER30 uses about 8-9$ margin on 1:500, I will try to use this to my advantage with tight SL.

Charting = Tradingview
Trade Execution = Pepperstone

Example Chart: 4H
RSI -> Blue
MFI -> Red
Stoch -> Green

- Trigger is charting (price action) but I always check with fibo and indicators.
- Set levels on 1D/4H/1H, trade on 5min/22min.

example trading, observe in 4H/1D.
action on 15min/22min mostly:

15 trades of 0.01 with SL and TP. *(TP will be trailing depending on Price Action. I will adjust SL only after about 50% overall profit or 1-2 candles in 1H.)

4hours:


15min:

Same chart on 22min:

(indicators confirm)

maybe good timing for switching to long:

Did the switch

Looking like this, full margin:

Still good but I think leverage is much lower now for index CFD's in all brokers.



"Locked"