Stacker6

Greetings fellow traders. Without any extra talk, here's how I do what I do. Tweak what you wish. Take responsibility for YOUR trades.
Currency pair- any
TF-any, I use the 4H
Indicator I use C.C.I. (24) level of zero only.
Fractals to show swings
8 EMA
When price crosses and closes above the ema and the cci is above 0, it's a buy. For a sell, it's the opposite. Stop loss is the nearest fractal PLUS 5 pips. My personal preference on a stop is a total of 25 pips, 50 is pushing it for me.
Pending orders are my favorites, though I have no problem with executions in the moment for the initial trade.
I trade a max of 2% per trade.
I use stacking or pyramiding to maximize my profits. Use google or you wish. I set up 6 total trades (same currency pair). I set them all up exactly the same distance EXCEPT for the first entry. I separate my initial entry from entry #2 by just a few pips (3 pips as an example). Set audible alerts 2 pips away from each entry. Once a particular entry has been triggered and alerted, trail the stop by the risk.
Once a stop has been hit, game over. I strongly urge beginners to trade .01 lots on a demo account first.
**my stops are not always at fractals, be creative (on a demo acct)
**risking 5% on a single trade has been compared to FINANICAL suicide, it is also know for doubling an account in a single trade.
**begin on a demo account
**I answer any ?? pls have patience-
HAPPY TRADING
I will attempt to post a screenshot-

let's see if this works-

All comments welcome-

Thanks for sharing. How long you have been trading this method? Still in demo?

been trading it for about 6 months, still demo. Plan to go live first of the year. I work full time, hence the 4h charts. Just learned stacking less than a year ago. Thx and best wishes. Reno

USD/CHF- if a trader were really gutsy (I'm not), one could nearly have doubled their account with a 5% initial risk. About 5 pips away! BTW, I'm finding on range bound days I'm able to get away with a BE close about 50% of the time. Trading this on a 1H would have a trader very busy, though very doable! Thx Reno

It seems to be a nice method.
After the us elections i will make some tests with your method.

Thanks for sharing it.

Greets

Michael

Thank you MichaelSch, I ended up trading the AUD/USD last night. I was up 2R, but according to my rules, I shut down at -.5R. Kinda crazy !!
**You have to be willing to lose trades.
**If --I-- am gonna let my 'winners' run, why not stack them strategically?
**Always check FF for high impact events if you're gonna set up a trade.
Hope this helps!
Reno

Interesting approach, but I would be concerned with the strategy in a range. Could be whipsaw city.

Thank you for your comment Chicago Rob. I believe most traders want a strategy with a high win rate, this is not one of them. If a trader were to back test this for a month using the majors and a few of the exotics, I think they would not only end up with a positive balance, but would be more than delighted with their balance. As far as a range is concerned, I would absolutely get cut to ribbons, thus the 1-2% risk.
The reason this strategy is awesome for me is because as long as price moves in my direction, my balance grows 'exponentially'. A 4H chart shows me a good 'dose' of the days' movement.
Finally, once price has reached entry #6, my money has multiplied 15x. My bank can't do that!
Hope this helps.
Happy Trading
Reno
p.s. I do NOT know it all, not even close ( I can't even spell pip), on the other hand, I do know what works for me-

Couple of reasons I took the trade. First off, a 50 pip stop (plenty of breathing room). Secondly, a nice trend line I forgot to draw from the bottom heading up nicely to the right. Third, thank goodness there are two hours left on this candle (bearish harami), or my odds are decreasing. Currently up only 13 pips.

hello renofaith , thanks for this way , easy and effective , I have 2 points about it :

1- About the CCI : The strongest entry is when crossing 0 line , and it will be better if we apply it to Typical price (HLC/ 3) instead of close

2- I faced problem with targets , so I think weekly and monthly pivot lines will make the targets clear

what about for ranging markets..??

You are a nasty boy

I chose C.C.I. because it's my favorite. It's most important me the price closing above the MA. You are likely very correct on the strongest entry claim. Put any twist on the indicator that works for you.
I've traded pivot lines in the past, many lead to success. Use what works for you.
Here's wishing you the absolute best in your trading.
Thx Reno

... there's always the 5 or 15m chart. I would use a much smaller stop.
Thx
Reno

TUDOR. . . you are nastier than vishu 1987 and armyda combined . . .

Reno, hi. I know nothing about this CCI indicator. Would you pls advise me where to look for a brief updating ???

Thanks for your time.

Absolutely, simply google forex CCI indicator. That should cover the history, creator, settings, use in trading, etc.
Hope this helps.
Reno