EURUSD$ - I hope my fellow FX traders took advantage

Discussion in 'Forex' started by IAlwaysWin, Dec 27, 2019.

  1. IAlwaysWin

    IAlwaysWin

    EURUSD$ produced a nice little bull run to close out the end of the holiday trading week. I hope you guys took advantage. The set up was pretty obvious.

    advantage.PNG
    Have a wonderful weekend!
     
  2. Great call, thx
     
    Last edited: Dec 27, 2019
    IAlwaysWin likes this.
  3. What was obvious? What are those buy signals?
     
  4. IAlwaysWin

    IAlwaysWin

    That's signals from my trading system. It fires the signal on Tradingview and I have a extension, bridge and an expert adviser that places automated trades on my MT4 platform.
     
  5. This is a system you invented yourself? Is it a combination of technical indicators? What is the win % of this system?
     
    IAlwaysWin likes this.
  6. IAlwaysWin

    IAlwaysWin

    This is a system that I invented that uses a few technical indicators and a set of custom calculations as well. The win % isn't as important as other factors like, Sharpe Ratio (3.0+) but it has a 65.7% win rate.
     
  7. Does it require you to watch charts throughout the day?
     
  8. IAlwaysWin

    IAlwaysWin

    No, if you have everything set up on a VPS then it's a set and forget strategy. I watch it place trades unless I have something better to do. Being a full time trader (if you can call it that,) I tend to have extra time on hand most days.
     
  9. Do you set take-profit and stop-loss when you enter the trade?

    Do you win and lose the same amount? Meaning, do you set take-profit at "x" and stop-loss at "-x"? Or is take-profit 2x, or 3x?

    Do you have a set dollar amount that you risk on every trade? Or a certain percentage of your account value?
     
  10. IAlwaysWin

    IAlwaysWin

    I don't use stops and i let the market tell me when to take profit. For instance, EURUSD current range is allowing me to take 40 pips per trade. Anything above that is risky. My system closes any open trades when i get a sig going the opposite direction. That's my stoploss and a way to keep your stops anonymous from institutions. If you get my drift.
     
    #10     Dec 27, 2019