rade Entry Parameters
- We are looking for the price action to cross over the 150 linear weighted moving average. This is our ‘heads up’ that a trade possibility is approaching.
- Trade is executed once price action has moved through the 150 LWMA by 20 pips.
- I would like to have an alert sent via email or text that a trade has been executed and is an open trade.
Trade Management Parameters
- Once the trade has gone in our favor by 30 pips (incl the spread) a 15 pip trailing stop is entered to lock in profits.
- The trader has the option to exit the position or keep it open based on his knowledge.
- If a trade is closed, another position will NOT be opened up automatically to replace previously closed trade
- 35 pip stop loss. (this can be manually adjusted by trader)
Money Management Recommendations
- 6 mini lots per each $10,000 in the account per position.