Hello,
I have been trading for about one year and still have not been able to be a profitable trader...
Underlying of my strategy:
By randomly entering a trade (without any analysis) with a a RR of 1, we have 50% to win, 50% loose.
- In reality, trading that way would be unprofitable as we require to give a commission to the broker
Most trader fails at trading as I believe the problem is our mind so I wanted to create a really simple "robot system" where the mind interact as little as possible with the judgment.
In order to increase the winning rate by entering randomly a trade, I will trade Asian range breakout during the London session with the H1 trend.
Here is the strategy that I will follow for one month with the following rules:
- Trade EUR/USD Only
- No trade on BCE/FED speeches, Rate decision, NFP days
- 1 Hour range of about 20-40 pips of asian range before London session
- Evaluate whether the H1 is in uptrend or downtrend
- If uptrend, Pending buy order at the high of the range, SL is lower of the range with 1/1 ratio
- if downtrend, Pending sell order at the low of the range, SL is higher of the range with 1/1 ratio
- If pending order is not triggered it will be remove before bed time (about 2pm GMT)
Regarding MM:
My first lot size will be 0.10. For every win I will increase to 0.05, every loss decrease to 0.05
I will accept 5 losses with 0.05 lot size before stoping this strategy.
Expectation:
- I expect to have 3 trades triggered per week
- 2W; 1L out of those 3 trades
- Net lot increase of 0.05 per week; 0.20 per month
- Trading time of 15 minutes per day
Result:
Week 1: 3 Trades 2W/ 1L --> Net increase of 0.05 as planned
Week 2: 2 Trades 1W/1L -> No increase
Week 3: 1 Trade 1L -> Generally speaking, Trending week with NFP, I am quite happy with the result as I did not loose too much in such a market environment net decrease of 0.05
Week 4: 2 trades 2L -> Net increase of 0.10
--> 1 month result, net increase of 0.10 in size lot, 50% below my expectation... but the strategy has been profitable so far so lets continue the experience !!!
I have been trading for about one year and still have not been able to be a profitable trader...
Underlying of my strategy:
By randomly entering a trade (without any analysis) with a a RR of 1, we have 50% to win, 50% loose.
- In reality, trading that way would be unprofitable as we require to give a commission to the broker
Most trader fails at trading as I believe the problem is our mind so I wanted to create a really simple "robot system" where the mind interact as little as possible with the judgment.
In order to increase the winning rate by entering randomly a trade, I will trade Asian range breakout during the London session with the H1 trend.
Here is the strategy that I will follow for one month with the following rules:
- Trade EUR/USD Only
- No trade on BCE/FED speeches, Rate decision, NFP days
- 1 Hour range of about 20-40 pips of asian range before London session
- Evaluate whether the H1 is in uptrend or downtrend
- If uptrend, Pending buy order at the high of the range, SL is lower of the range with 1/1 ratio
- if downtrend, Pending sell order at the low of the range, SL is higher of the range with 1/1 ratio
- If pending order is not triggered it will be remove before bed time (about 2pm GMT)
Regarding MM:
My first lot size will be 0.10. For every win I will increase to 0.05, every loss decrease to 0.05
I will accept 5 losses with 0.05 lot size before stoping this strategy.
Expectation:
- I expect to have 3 trades triggered per week
- 2W; 1L out of those 3 trades
- Net lot increase of 0.05 per week; 0.20 per month
- Trading time of 15 minutes per day
Result:
Week 1: 3 Trades 2W/ 1L --> Net increase of 0.05 as planned
Week 2: 2 Trades 1W/1L -> No increase
Week 3: 1 Trade 1L -> Generally speaking, Trending week with NFP, I am quite happy with the result as I did not loose too much in such a market environment net decrease of 0.05
Week 4: 2 trades 2L -> Net increase of 0.10
--> 1 month result, net increase of 0.10 in size lot, 50% below my expectation... but the strategy has been profitable so far so lets continue the experience !!!