Hi guys,
I have a simple new system I want to try out and will document the results here. I am only going to provide it 300AUD and trading micro to begin with because I have some idea of its expectancy.
The rules of the system are simple:
1. Trade all divergent candles on M5, M15, H1 TF EURUSD.
2. Enter trade on close of divergent candle.
3. SL is low of bullish divergent candle or high of bearish divergent candle.
4. As optional can add to the position if it goes against you in following candles (all with original SL).
5. At 1R move SL to BE and then at 2.55R can TP or let it run.
Will post trades as they go and some screenshots of the trade in action. Plan to trade only 7-10PM Australian EST. So basically check my EURUSD chart every 5 min from 7PM for 3 hours and examine the M5,M15,H1 as they come up.
I have a simple new system I want to try out and will document the results here. I am only going to provide it 300AUD and trading micro to begin with because I have some idea of its expectancy.
The rules of the system are simple:
1. Trade all divergent candles on M5, M15, H1 TF EURUSD.
2. Enter trade on close of divergent candle.
3. SL is low of bullish divergent candle or high of bearish divergent candle.
4. As optional can add to the position if it goes against you in following candles (all with original SL).
5. At 1R move SL to BE and then at 2.55R can TP or let it run.
Will post trades as they go and some screenshots of the trade in action. Plan to trade only 7-10PM Australian EST. So basically check my EURUSD chart every 5 min from 7PM for 3 hours and examine the M5,M15,H1 as they come up.