aud,
This is the first time I have seen your name and like all newbies, they should be reading and learning this Forum's content FIRST.
This is a high risk strategy by KoF. Be aware. Secondly.
Thirdly, you need to download the last set of Indi's and Template from the Paperclip and install on a demo account and one that is small in balance and not something over 500 usd because it (Demo) should reflect a possible live account balance.
If you have Naked Chart Template and Indi's, the Rules have been stated many times for readers.
1) 1 Wick Candles are the entry point.
2) We add a trailing stop loss (TSL) of 3 Pips to manage the position
3) We watch like a hawk the candle grow and its wick movement (up and down)
4) We sometimes close manually because on lower TF we will have alot of mini pullbacks which causes the next candle to be lower or higher than the entry candle, so we close in profit (no Risk to Reward here) - we feel the market.
5) 5 or 15M TF and no higher TF analysis, one TF only.
6) We treat each Pair / Instrument different because they are - spread and values.
7) Repeat 20 times, stop and evaluate your performance.
cpfleger
This is the first time I have seen your name and like all newbies, they should be reading and learning this Forum's content FIRST.
This is a high risk strategy by KoF. Be aware. Secondly.
Thirdly, you need to download the last set of Indi's and Template from the Paperclip and install on a demo account and one that is small in balance and not something over 500 usd because it (Demo) should reflect a possible live account balance.
If you have Naked Chart Template and Indi's, the Rules have been stated many times for readers.
1) 1 Wick Candles are the entry point.
2) We add a trailing stop loss (TSL) of 3 Pips to manage the position
3) We watch like a hawk the candle grow and its wick movement (up and down)
4) We sometimes close manually because on lower TF we will have alot of mini pullbacks which causes the next candle to be lower or higher than the entry candle, so we close in profit (no Risk to Reward here) - we feel the market.
5) 5 or 15M TF and no higher TF analysis, one TF only.
6) We treat each Pair / Instrument different because they are - spread and values.
7) Repeat 20 times, stop and evaluate your performance.
cpfleger
7
