Forex trading strategy #1-a (SFT Simple Strategy)
Submitted by User on December 26, 2010 - 10:52.
Submitted by R.
Hi everyone,
As I promised while ago, I am bringing my whole setup for this strategy (Simple balanced system). I have been trading live for quite some time and this TA is one of few lasting without major optimization for couple of years.
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Hi, a quick question, does the candle have to open at the same time as the 5 & 10 EMA cross?.
Thanks for sharing.
Rod
Hello Dorai,
Example of Sl/TP based on % of ADR is exactly right. I do trade low spread pairs only, and this set up is optimal for spreads up to 2 pips on 5 min chart. You will need to consider higher spread to include in the setting. For example 1% of ADR extra per SL/TP if Your spread is over 2 pips.
R.
Hi,
Thanks for sharing the strategy. I have one query.
How do you define the SL/TP. In the pdf you had given as SL to be 10% of ADR & PL will be 15%. Can you please explain with examples. For example if the ADR is 1000 then SL = 100 & PL = 150 pips right.
Thanks,
Dorai
Hey everyone !
Hope You have had a great holidays . First let me appologize for English Version of my setup. I am not Native english speaker so my writing is somehow funky. But still i hope You understand it well enough .
To answer Questions about different time frames !! I belive with right setup and systematic approach You can be succesfull with any TF . Since i have been testing and trading Live succesfully on 5M and it takes lots of times and hard work to test it with different setups and TFs i have never put system together based on higher TFs than 5M . The reason is simple. I want to get in and out the same day i open the position based on this strategy. I do use 2 more strategies to trade mine and clients accounts on larger TFs as swing and longer term investments. Mostly to diversify my portfolio and risk on each of the account. So YES ,i am sure it works on larger TFs , if well testet and inteligent Money and Risk management is included .
Wish everyone great Year and just my 2 cents here: January is a USD winner . Statistically taken USD gain about 1.5% on average on EUR in January ( Not a trading advise - just watch and see) .
Good Luck if You need it, otherwise stay disciplined and You will make Money !!
R.
Thanks for sharing the whole mindset. Can this system be successful on the daily charts?
Thanks again
Thanks man you opend my eyes Happy new year
Thank you for sharing your knowledge and experience. I've read some of the topics, and I've learnt something from it.
Merry Christmas!!
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