Hi Guys and Gals
What Im going to share with you is not so much as a trading system, but a trading toolset. You can trade trends, ranges, tops, bottoms or all of the above. All in one chart.
M.Y.O.R. stands for Make Your Own Rules.
MYOR is applied to GBPJPY 5min charts. (but who am I to tell you what to do).
Once you have set your rules (and you do need rules) pips will come your way.
Start small, like make your overall target 20-50 pips a day then walk away once acheived. Dont try and catch every pip, set your self targets/rules.
50 pips a day is very acheivable with this toolset, in fact much more is acheiveable.
Stoploss - keep it tight like 30 pips, but its up to you.
Lot Sizing - if your a cowboy and like blowing accounts, risk it all. Else 1% is plenty.
I have included a target spreadsheet of what can be acheived with 50 pips a day, and withdrawing one third of your account every month. So get into a routine, create a plan and execute it.
The indicators and the template is in the zip file.
So what I would like to see is what rules you would apply to the toolset.
Good Luck Guys.
Updated 21/11/07
I have updated Template with the inclusion of Maginfied Price and Candle Time
What Im going to share with you is not so much as a trading system, but a trading toolset. You can trade trends, ranges, tops, bottoms or all of the above. All in one chart.
M.Y.O.R. stands for Make Your Own Rules.
MYOR is applied to GBPJPY 5min charts. (but who am I to tell you what to do).
Once you have set your rules (and you do need rules) pips will come your way.
Start small, like make your overall target 20-50 pips a day then walk away once acheived. Dont try and catch every pip, set your self targets/rules.
50 pips a day is very acheivable with this toolset, in fact much more is acheiveable.
Stoploss - keep it tight like 30 pips, but its up to you.
Lot Sizing - if your a cowboy and like blowing accounts, risk it all. Else 1% is plenty.
I have included a target spreadsheet of what can be acheived with 50 pips a day, and withdrawing one third of your account every month. So get into a routine, create a plan and execute it.
The indicators and the template is in the zip file.
So what I would like to see is what rules you would apply to the toolset.
Good Luck Guys.
Updated 21/11/07
I have updated Template with the inclusion of Maginfied Price and Candle Time
Mono
