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🇪🇺🇨🇦 EURCAD short now live. Hello traders Monday again and our strategy has already picked a trade on the pair covered in my idea last night. The pair in question is EURCAD working the 30M time frame. This short trade is well underway and at the bottom of this idea are the year to date stats on trading this pair in the manner I do. The strategy in play is adaptable to any instrument and time and on this pair in question I'm working to a 1:2.8 RR ratio. I know the way the strategy is set to be a profitable method thanks to the built in back tester. Back test data is all we have to go on as traders and this level of data is crucial in building a trading plan. The back test results gives our traders a proven trading edge and confidence to then execute the trades on the markets. What strategy am I using here? Our strategy is a trend follow strategy. The strategy is 5 individual strategies combined into one. The trade is only valid when all 5 confluences line up. At this point a trade is presented on the charts with all the necessary information printed at the side of the alert. You then take this trade manually or you can automate the strategy and let it all be done automatically. Also with having an ATR based Stop Loss & Take Profit, you'll know where and how your closing your trade every time - without having to think about it. This pair has been a good pair to trade of late to get involved with our strategy more feel free to drop me a message.
Short
by RichScott
GBPJPY long valid 🇬🇧🇯🇵☑️Afternoon traders. It's been to long between ideas my apologies for this. Here we have a valid long trade on GBPJPY. After last weeks successful 100 pip sell trade our strategy now says it's time for a buy. Truth behind no ideas recently is I'm not on the charts everyday! Crazy yes but no need when our strategy can be automated. I simply set the strategy parameters up and use the built strategy tester to back test the viability of how I have set up the pair. Once I can establish I have a known proven EDGE I simply enter the markets in full confidence and let trades play out. It's as simple a that. No excessive hours analysing charts, no mental burn out from constant decision making for trades. As with all my ideas the back tested results are always provided at the foot of the idea. The back test results are based on a £1000 capital and risking 1% a trade. The results are for two full years of trading! For the pair in question I am working to a 1:2.5 risk reward ratio. Any questions on the methods used feel free to drop me a message.
Long
by RichScott
EURCAD was the calm for me in the crazy end to the month! Hello traders Hope the weekend has helped you all recover from that crazy month end. Quick share from me on a pair that has been super solid this year and was the calm in the last few days of the massive market moves. The pair in question is EURCAD the idea I'm sharing is on the 30M time frame. Thanks to our strategies built in back tester I'm able to share the pairs performance for February at the foot of the header. The stats are based on 2% risk per trade with a £1000 starting capital. This pair saw an 18% ROI in Feb alone The trend follow strategy in operation here picked up two trades in the last three days of the trading month and went on to bank 130 pips pf profit. When the markets were going crazy last week I was thankful to be running a simple strategy like this where we simply follow the trades as they present. All the data provided for me at the side of each trade to just simply follow and execute. Working to a ATR based Stop Loss & Take Profit target also removed any doubts on where to enter and exit these trades. The end of the month was a wild one but thanks to trading with a proven edge and strategy ensured I wasn't affected by that. Even when markets are difficult seas to navigate it's crucial to stick the trading plan you have. For more information on the tools and plan I use please feel free to ask me any questions.
by RichScott
EURNZD long valid 🇪🇺🇳🇿✅Afternoon traders Are we finally seeing some NZD weakness? Our algo thinks so and had presented a long trade on the EURNZD pair. I entered this a few hours ago and looks like it's starting to gain some traction. The trade in question is on the 30M chart and has a risk reward ratio of just over 1:2 As with all my ideas the back test results can be found at the foot of the idea for trading the pair in this manner. I don't recommend jumping on random TradingView ideas purely as I don't think that's trading with a proven edge. Lets follow this one together and for more information on the strategy drop me a message where we can show you a strategy with a proven edge.
Long
by RichScott
GBPJPY long valid 🇬🇧🇯🇵☑️Morning traders Our strategy originally presented a sell on the pair in question at 6am UK time. However as the market shifted a valid buy trade is now live and trending in correct direction. We are working the H1 time frame here to a RR ratio of 1:2.5 I know from the built in strategy tester this pair was profitable all last year trading with a ATR based stop loss working to a set TP target. At the foot of the idea is the current results for this year only. As you will see this pair has kicked of 2021 with a bang. The data logged on this idea for the year so far is based on £1000 capital risking 1% per trade. Having this level of back test ability gives great foundations to go and enter the markets with confidence. Confidence comes from knowing we are trading with a proven edge. What is the strategy in use Our strategy is a trend follow strategy. The strategy is 5 individual strategies combined into one. The trade is only valid when all 5 confluences line up. At this point a trade is presented on the charts with all the necessary information printed at the side of the alert. You then take this trade manually or you can automate the strategy and let it all be done automatically. Also with having an ATR based Stop Loss & Take Profit, you'll know where and how your closing your trade every time - without having to think about it. The strategy works on any time frame and instrument and can be set to how you wish to trade. It sounds to easy It does sound to easy but it's the reality of how our traders trade. NO excess chart time or analysis. Simple to follow and adaptable to our trade style. Built in strategy tester allows for proven edge trading while also logging all trades taken. If clarity and ease is what you want from trading then feel free to ask me any more questions. Thanks for taking the time to look at my idea Rich
Long
by RichScott
🇪🇺🇨🇦 EURCAD two out of three 100 pips secured. Hello traders Before I log of for the day I just thought this would be a good opportunity to show how I've traded this pair over last 5 days. Crucial bit here however is I haven't carried out a single minute analysing the chart for this pair in any form over those 5 days!! Our strategy has simply allowed me this luxury of not having to analyse and judge where to enter and where to exit said trade. Our strategy does that for you and even prints all the required trade information next to the trade alert. I've had no emotions affecting my mind in any of this. I am simply following the trades as they present on the chart! That's how easy this is. The above isn't strictly true it's been even easier! As our strategy can be automated. Checking my open and closed trades is when I spotted EURCAD trades had closed in good profit. This the first bit of chart time spent this week on the pair in question and that's me writing this idea. What strategy am I using here? Our strategy is a trend follow strategy. The strategy is 5 individual strategies combined into one. The trade is only valid when all 5 confluences line up. At this point a trade is presented on the charts with all the necessary information printed at the side of the alert. You then take this trade manually or you can automate the strategy and let it all be done automatically. Also with having an ATR based Stop Loss & Take Profit, you'll know where and how your closing your trade every time - without having to think about it. The strategy works on any time frame and instrument and can be set to how you wish to trade. How can we be so sure on the manner we are trading works? Quiet simply by the strategy having a built in back tester. The Strategy can be set to your desired way of trading. Then immediate back test data will show if that method is profitable or not. Back test data is all we have to go on as traders and this level of data is crucial in building a trading plan. The back test results gives our traders a proven trading edge and confidence to then execute the trades on the markets. I know this pair was profitable all last year and the data for the pair can be found at bottom of the page. However the data provided in this idea is slightly different to my previous ideas as I've shown the data for the year so far. Stats are based on trading £5000 capital risking 2% per trade. We have a 21% ROI in the first 7 weeks of 2021!! Trading should be about freedom and no emotional strain. It 100% shouldn't be about excess chart time analysing for the next day! I'm off to enjoy a nice cool bottle of beer now. If you fancy that instead of still being stuck to the chart drop me a message and lets see if we can help you. Thanks for looking at the idea. Rich
by RichScott
1
CADJPY short valid 🇨🇦🇯🇵💹☑️Morning traders After a long trade from Friday completed on this pair yesterday and now out strategy says it's time for a short trade. That's how simple this strategy is. We simple follow and trade what we see. Strategy is set here working the 30M time to a 1:2.5 risk reward ratio. How do I have complete confidence in the way I trade this pair? The strategy makes use of TradingView's strategy tester. That way we are able to set the strategy parameters and instantly back test the results giving insight in the viability to then trade in that manner. The back test results for this pair can be found at the bottom of the screen. The results are based on £1000 starting capital risking 2% per trade. Test results date back to Jan 2020 and you would of seen 158% ROI . Based on the statements above this level of data ensures we are entering the markets with a proven trading edge and strategy. What is the strategy in use? The strategy used is a trend follow strategy. The strategy is 5 individual strategies combined into one. The trade is only valid when all 5 confluences line up. At this point a trade is presented on the charts with all the necessary information printed at the side of the alert. Alerts can be set for these trades to aid trading manually or the strategy alerts can be automated and all your trading is done automatically! Also with having an ATR based Stop Loss & Take Profit, you'll know where and how your closing your trade every time - without having to think about it. The strategy works on any time frame and instrument and can be set to how you wish to trade. Does that sound easy? It really is that easy. We simply follow the trades and go about the rest of our day. No excess time spent at the charts manually analysing and managing trades. I don't recommend jumping on random TradingView ideas as this is no way to log your trading journey and no way of knowing if you trade with a proven edge. I think from all the above mentioned however I have shown this strategy can give any trader out there the needed proven edge to trade. So for any more information on the strategy in use please feel free to ask me any questions. Thanks for looking at my idea Rich
Short
by RichScott
USDCHF short valid. 🇺🇸🇨🇭↘️✅Morning traders After a winning long trade on Friday our strategy says a short trade is now valid on USDCHF. We are working the 30M time frame here with the strategy set to a 1:3.5 RR ratio. Now I don't recommend jumping on random TradingView ideas as that is no way of knowing if you are trading with a proven EDGE. How do we know we have a proven trading EDGE? I know in the manner I have set the strategy to trade this pair has a proven EDGE thanks to the built in back tester. The results for the pair in question can be found at the foot of this idea and are based on 2% risk per trade with a £1000 starting capital. The data is back tested from January 1st last year. No one can predict the future but this level of data adds confidence in entering the markets. What is the strategy based on ? The strategy is a trend follow strategy and we trade what we see. We have combined 5 individual strategies into one. The trade is only valid when all 5 confluences line up. At this point a trade is presented on the charts. Alerts can be set for these trades to aid trading manually or the strategy alerts can be automated and all your trading is done automatically! Also with having an ATR based Stop Loss & Take Profit, you'll know where and how your closing your trade every time - without having to think about it. All of the above is a perfect way to mechanically trade thus removing all subjectivity and doubt that can be associated with trading. This way of trading helps you detach yourself from the fear trading creates. Sticking to the plan with a known proven edge helps control any negative emotions. All we have to do is simply follow the trades as they present. For information on the methods and strategy in use feel free to drop me a message.
Short
by RichScott