NZDCHF long moving ↗️👍We are using our POW reversal strategy for this trade a NZDCHF long.
Trade details for current trade are shown on the chart.
We are working the 30M time frame on this strategy.
We're looking for the green line which is take profit target.
Little blue arrow is entry point and purple line is stop loss.
You might be wondering what the shaded out areas are on the chart.
The reversal strategy in use can be set to trade during specific time periods.
That way we can make the strategy for each individual pair and instrument unique.
We can set the strategy according to best optimised way to trade said instrument.
How do we know that is then the best way to trade the pair in this manner?
The report box at foot of this trade idea shows built in strategy tester results.
In that box every trade is logged and can be viewed by clicking the tabs in the report box.
You as the viewer of this idea can also do that so go ahead and have a play.
As you will see for this pair the way the script has been set shows data from 113 trades.
Risk 2% a trade has us at 80% gains an account draw down of 8% and a winning percentage of 62%
Lets see how this trade adds to those stats.
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I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily.
Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way.
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The stats for this pair are shown below too.
Thank you.
Darren
