thanks for your input.
I used a similar system base on ma crossing, stoch and RSI. I'm a scalper so I'm trying your system my way. Using it on M5, SL 10 pip. I'm using a expert call lvoe 1.6.1, that can be find easily on the web. It help me managing my trade and remove emotions from it.
Take Profit 10 pips
Partial Close 5 pips
Break Even 5 pips
Stop Loss 10 pips
during NY 8:00am to 1:00 pm 2% or 3% risk, 1% or less other time
do not trade during news
no over night or over week-end trade
Greed drowned my account in the past. now when I made around 2% in a day, I stop.
Check the pict, took a good one this morning per Chubby's rules
Gray lines are profit 50% @ 5 pips and 50% @ 10 pips
If I had exit per the MACD 0 line cross, line deep pink, it,s a loss.
Hope it will give you some imagination to adjust this great system to yourself.
Ciao,
I used a similar system base on ma crossing, stoch and RSI. I'm a scalper so I'm trying your system my way. Using it on M5, SL 10 pip. I'm using a expert call lvoe 1.6.1, that can be find easily on the web. It help me managing my trade and remove emotions from it.
Take Profit 10 pips
Partial Close 5 pips
Break Even 5 pips
Stop Loss 10 pips
during NY 8:00am to 1:00 pm 2% or 3% risk, 1% or less other time
do not trade during news
no over night or over week-end trade
Greed drowned my account in the past. now when I made around 2% in a day, I stop.
Check the pict, took a good one this morning per Chubby's rules
Gray lines are profit 50% @ 5 pips and 50% @ 10 pips
If I had exit per the MACD 0 line cross, line deep pink, it,s a loss.
Hope it will give you some imagination to adjust this great system to yourself.
Ciao,