Monday, 24 April 2017

Sustaining a Trading Strategy for 100 trades


Overview and Goal of my trading

  • Stick to the plan for 100 trades 
  • Move SL to Breakeven if in profit for 30 pips 
  • Do not move the TP 
Time Frame Used

  • D and H4 for trend and S&R
  • Entry M30 and 1H
Trading Time
  • Looking at charts in the morning and evenings 
  • No trading or looking at charts during working hours
Currencies
  • EURUSD
  • USDJPY
  • GBPUSD
  • AUDUSD 
  • USDCAD
Setups
  • Entry as near to support and resistance as possible
  • Use Fib as extra confirmation 
  • Calculate risk before entering trade
Money Management
  • Risk to Reward, 1:2 
  • Use 1% of bankroll until a 10% increase or decrease in bankroll 

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Easier said than done

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