Hi Guys
Back after a long hiatus from trading and just posting this after going thru some historical Data. The Indicators are kept to a minimum to make this as mechanical as possible with just 2 confirmations. Minimum 50 pips is assured from this strategy and letting it run nets more than 100 pips .
As always trade with the trend and watch the next higher time frame if it confirms to your entry. There is no hard and fast rule that you have to wait for 50 pips , its left to each trader based on their risk levels and leverage used.
Try this first on Demo for 15 days and then come out with questions and queries so we can make this much better. No other indicator is required.
The key to this strategy is to keep a eye to watch the bounces on touching 60/200 ema on the 1 min and 5 min , its almost acts like support and resistance
Rules of Entry & Exit For Long Trade
=============================
1. Candlestick closes above 60/200 Ema.
2. IXO Indi indicates Green .
3.Close Half Position for 50 pips and rest move stop to BE and close it once the IXO changes color
Rules of Entry & Exit For Short Trade
=============================
1. Candlestick closes below 60/200 Ema.
2. IXO Indi indicates Red .
3.Close Half Position for 50 pips and rest move stop to BE and close it once the IXO changes color
Indicators
======
IOXAH - Settings 700
EMA - 200 - Red , 60 - Blue
Back after a long hiatus from trading and just posting this after going thru some historical Data. The Indicators are kept to a minimum to make this as mechanical as possible with just 2 confirmations. Minimum 50 pips is assured from this strategy and letting it run nets more than 100 pips .
As always trade with the trend and watch the next higher time frame if it confirms to your entry. There is no hard and fast rule that you have to wait for 50 pips , its left to each trader based on their risk levels and leverage used.
Try this first on Demo for 15 days and then come out with questions and queries so we can make this much better. No other indicator is required.
The key to this strategy is to keep a eye to watch the bounces on touching 60/200 ema on the 1 min and 5 min , its almost acts like support and resistance
Rules of Entry & Exit For Long Trade
=============================
1. Candlestick closes above 60/200 Ema.
2. IXO Indi indicates Green .
3.Close Half Position for 50 pips and rest move stop to BE and close it once the IXO changes color
Rules of Entry & Exit For Short Trade
=============================
1. Candlestick closes below 60/200 Ema.
2. IXO Indi indicates Red .
3.Close Half Position for 50 pips and rest move stop to BE and close it once the IXO changes color
Indicators
======
IOXAH - Settings 700
EMA - 200 - Red , 60 - Blue
Attached Image (click to enlarge)
Attached File(s)
Trend is your friend...
