Another great example of the strategy tool in play. Nothing to hide here, you'll see the losers also, but the winners outweigh the losers. Hold them trades in a long trend and you will be successful. Where would you of entered and closed? See the strategy tester below to see all the results !
OUR STRATEGY EXPLAINED:
The entry price, SL and multiple TPs are shown on the chart.
Our back testing and money management strategy itself is holding until a reverse signal to ride a big trend, but as you will not see the next signal - manage the trade as you wish should you decide to enter.
What is our strategy?
Our strategy is a trend following strategy, can be used on any instrument and time frame. However, we have hard coded specific parameters for when trading the H1 time frame, so we can back up over 4200 previous trades to confirm our edge from previous data. This gives us confidence in execution and belief in our trading strategy for the long term.
The strategy simply sits in your trading view, so you will see exactly what we see - the trade, entry price, SL and multiple TPs (although we hold until opposite trade as this is the most profitable longer term plan), lot size, etc.
This could be on your phone trading view app, or laptop of course.
The hard work is done, so we have zero chart work time, no analysis, no time front of the chart doing technical analysis - technical analysis is very subjective - you may see different things at different times - how do you have a rigid trading plan on a H&S shoulder pattern? Your daily routine, diet, sleep, exercise can affect what you 'see' and your decision making, this doesn't happen when a strategy is coded like this; what we do have is a mechanical trading strategy...
What does this mean?
It means, we are very clear on our entry and our exit and use strict risk management (this is built in - put in your account size, set your risk in % or fixed amount and it will tell you what lot size to trade!) so we have no ego with our position and we are comfortable with all outcomes - its simply just another trade. This free's our mindset from worry and anxiety as we take confidence from knowing our edge is there and also that we have used sensible risk management.
The strategy itself can be used as a live trading journal too - how cool is that? The strategy will confirm and support every open and closed position - so its quite easy to follow.
We just have to do what Percy does.
Please see our related ideas below for more information to explain what we do and how it can help you.
@lemyukwesa, We will find out, markets don't really care what I think, I'm already in the buy trade and around 2% up already.
hegeiri
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me parece muy interesante
RossTyler
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@hegeiri, Us to, will have to wait and see how it plays out, also NFP tomorrow will have an impact !
z36139.nb
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You are the only one who mentioned the upward trend
I looked at all the analyzes and you are the only one who said the upward trend
This analysis is correct and in my opinion the euro will rise to 1.19
RossTyler
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@z36139.nb, Thank you, I'm sure we will find out, I was in the trade on the way down as you can see on the chart and banked 3% / 125 pips. If this continues to rise to 1.19 then great, we are already in and will continue to do so until a reverse signal appears showing the sell :)
This strategy on this pair only since January last year on the 1HR chart has provided 110% Net Profit, risking 1% per trade.