Dears,
I have a simple trading strategy in my mind. I was forward testing with mixed results, mostly gains.
Trade only in high volatilty trading sessions, starting after London opens. Better not to start a position after NY closes.
Here is my strategy:
I trade on 4H chart. I only use ATR(14) and 25EMA to read the direction of trend. Trade only trendway.
So:
I check 15 mins, 1H, 4H, 1D charts. If price all above 25EMA with closed bars(1-3), I open a long.
Stop Loss: 2xATR
Take Profit: 3-4xATR
Shorts are done the opposite way.
We may have a fortune to be programmed as an EA.
Open discussion. Please focus on the subject and talk nicely to each other.
Best regards
foff00
I have a simple trading strategy in my mind. I was forward testing with mixed results, mostly gains.
Trade only in high volatilty trading sessions, starting after London opens. Better not to start a position after NY closes.
Here is my strategy:
I trade on 4H chart. I only use ATR(14) and 25EMA to read the direction of trend. Trade only trendway.
So:
I check 15 mins, 1H, 4H, 1D charts. If price all above 25EMA with closed bars(1-3), I open a long.
Stop Loss: 2xATR
Take Profit: 3-4xATR
Shorts are done the opposite way.
We may have a fortune to be programmed as an EA.
Open discussion. Please focus on the subject and talk nicely to each other.
Best regards
foff00