Real Forex Trading (Daily TF Only)
Strategy:
Risk: 2% Per Trade, If 2 Trades Involve The Same Currency Then The Risk Is Split To 1% Per Each Of Those Trades (Never Risk More Than 2% On One Currency).
SL And TP: SL Is 1.5 ATR, 1.TP Is Also 1.5 ATR While For The 2.TP Strategy Is As Follows; If Price Hits 1.TP (1.5 ATR), Then We Move The SL For The Second Trade To Break Even And Immediately Put Trailing Stop At 1.5 ATR (Break-Even, Where We Initially Entered The Trades) And Let That Second Trade Run Until It Hits The Trailing Stop. This Is Why When We Enter The Trade We Enter 2 Times. On Each Trade We Put 1% Of The Money We Have, We Split It. The Reason We Do This Is To Let That Second Trade Go As Far As It Can Go And Net As Much Pips As It Can. This Way, When That Second Trade Does Great For Example (And It Will From Time To Time), We Don't Have To Have As Effective And As Good Of A System To Remain Profitable.
When Not To Trade: Whenever We Have High-Impact News For That Particular Currency Or Bank Holiday For That Particular Currency. If We're Already In The Trade And High-Impact News For That Particular Currency We Are Actually Trading Is Tommorow, Then We Are Closing That Trade The Day Before The Actual High-Impact News Takes Place.
Considering High-Impact News, Only So Many Actually Create An Impact. The List Is Provided In The Comment Below For Each Currency.
All 28 Pairs (EUR, GBP, AUD, NZD, USD, CAD, CHF, JPY).
Strategy:
Risk: 2% Per Trade, If 2 Trades Involve The Same Currency Then The Risk Is Split To 1% Per Each Of Those Trades (Never Risk More Than 2% On One Currency).
SL And TP: SL Is 1.5 ATR, 1.TP Is Also 1.5 ATR While For The 2.TP Strategy Is As Follows; If Price Hits 1.TP (1.5 ATR), Then We Move The SL For The Second Trade To Break Even And Immediately Put Trailing Stop At 1.5 ATR (Break-Even, Where We Initially Entered The Trades) And Let That Second Trade Run Until It Hits The Trailing Stop. This Is Why When We Enter The Trade We Enter 2 Times. On Each Trade We Put 1% Of The Money We Have, We Split It. The Reason We Do This Is To Let That Second Trade Go As Far As It Can Go And Net As Much Pips As It Can. This Way, When That Second Trade Does Great For Example (And It Will From Time To Time), We Don't Have To Have As Effective And As Good Of A System To Remain Profitable.
When Not To Trade: Whenever We Have High-Impact News For That Particular Currency Or Bank Holiday For That Particular Currency. If We're Already In The Trade And High-Impact News For That Particular Currency We Are Actually Trading Is Tommorow, Then We Are Closing That Trade The Day Before The Actual High-Impact News Takes Place.
Considering High-Impact News, Only So Many Actually Create An Impact. The List Is Provided In The Comment Below For Each Currency.
All 28 Pairs (EUR, GBP, AUD, NZD, USD, CAD, CHF, JPY).