Post #2033 [60mm]: "I use a few different stop management methods, at the moment I'm favouring stepping the stop behind the low or high of the last closed H1..."

Buy sell line trading

Well done, nice trade. I took the same trade for a 2.0R win.

Buy sell line trading

Thanks for your comment. Will definetly test it. First visual backtest on a few pairs looks good...

Buy sell line trading

Thank you, mate. Will test it myself beside the trend / retracement entries. This reminds me a bit of Steven Primo's webinar about outside bars crossing the 50sma. Is this your own creation? Why do you use 2 pips buffer?

Buy sell line trading

I only use Pepperstone as broker, but with 2 accounts (H1 and H4). Start of the day is GMT +3 (5.00 PM New York).

Buy sell line trading

I use a leverage of 1:400.

Buy sell line trading

It looks like a valid long setup. I would wait for close of the candle and enter if the high of the signal candle AND the round number above is broken.

Buy sell line trading

Hi 60, could you expand a bit on your reversal setup? Thanks, Olarion

Buy sell line trading

Cool...

Buy sell line trading

Haha, thanks fisheggs. It's the thought that counts!

Buy sell line trading

Thank you, mate. As I risk about 1 %per trade, I gained 10.5 % on my account. H1 paying big today...

Buy sell line trading

Here is my GBPJPY trade from today... Overall result today: +195 pips, account growth of 10.5R.

Buy sell line trading

Hi mijnmail, first of all, I congratulate you on your last 2 trades. The GBPJPY trade I took myself. But be aware of over-trading, meaning you should not try to take every setup. Personally, on H1 I only look for trades between London ...

Buy sell line trading

Manually. Exactly the way FerruFx explains here.

Buy sell line trading

Yes, I either take entries after a retrace to the 10 EMA or the 50 LWMA.

Buy sell line trading

Hi bedayan, I scan through the charts manually every hour and look for setups on H1 and H4. I trade 22 pairs: AUDCAD, AUDCHF, AUDJPY, AUDUSD, CADJPY, CHFJPY, EURAUD, EURCAD, EURJPY, EURUSD, GBPAUD, GBPCAD, GBPCHF, GBPJPY, GBPUSD, NZDJPY, NZDUSD, ...

Buy sell line trading

The 10 EMA is just another floating s/r line like the 50 LWMA. I look for entries based on price action (engulfing, type 2, outside bar, inside bar) near the MA's when price has retraced.

Buy sell line trading

It is an engulfing, you are right. BUT I would not take it, because it is Friday afternoon and the ADR was already reached.

Buy sell line trading

As promised, here is the ZIP file containing all the indicators and my current template. Have fun with it! Your charts should now look like mine below:

Buy sell line trading

I will prepare the ZIP file. Indicators and template is for MT4, yes. I do not back test much, mainly forward testing. If I back test, then only manually scrolling through the charts.

Buy sell line trading