As this is working quite well with my demo account (+75/day for the last two weeks), I was wondering if I am done with setting up a strategy for live trading. I'd like your thoughts about this.
This is what I do : fibo retracements to define support and resistance, which I slightly increase to get my SL and TP ; MACD to know where the market is heading ; RSI to check if the market is overreacting.
According to that, I put sell or buy orders. And it seems it's working, the sum of all trades is quite positive. But is it pure luck ?
This is what I do : fibo retracements to define support and resistance, which I slightly increase to get my SL and TP ; MACD to know where the market is heading ; RSI to check if the market is overreacting.
According to that, I put sell or buy orders. And it seems it's working, the sum of all trades is quite positive. But is it pure luck ?