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Trend-strategy

AUDCAD - Its like Christmas, here's another! 🎅🎄AUDCAD has been a little choppy for us. 3/4 losers on the bounce. But that's OK, because we understand probability and can see the win rate and trade history. We also know when we get a winner this will cover them - because we ride that trend. Could this be the one? Our algo thinks so, it's identified a sell position with all of the confluences now met. This is easy right? No lines, no S&R - no analysis, all I have to do is follow it. The major plus point is I can see it works with all the data within the strategy tester. This helps me and our traders have confidence and belief in our execution. When do we close this? We close on a reverse signal - but you can do as you wish. I don't recommend jumping on random trades you see on TV - that's no plan and you won't have a consistent clear edge. BUT, if you want to - knock yourself out. We have data on this pair on 229 trades Since 2018, 40% have won - which isn't too bad - along with average win and average loss we have in play. Starting with £500 since 2018 trading this just one would have yielded returns of 100% - now I know the past doesn't predict the future - but its a start. And the data is live! The open sell position is showing in open P/L. Multiple targets are on the chart too and they're based on ATR. The entry price, SL and multiple TPs are shown on the chart. _____________________________________________________________________________________________________________________________________________ What is our strategy? Our strategy is a trend following strategy, can be used on any instrument and time frame. However, we have hard coded specific parameters for when trading the H1 time frame, so we can back up over 4200 previous trades to confirm our edge from previous data. This gives us confidence in execution and belief in our trading strategy for the long term. The strategy simply sits in your trading view, so you will see exactly what we see - the trade, entry price, SL and multiple TPs (although we hold until opposite trade as this is the most profitable longer term plan), lot size, etc. This could be on your phone trading view app, or laptop of course. The hard work is done, so we have zero chart work time, no analysis, no time front of the chart doing technical analysis - technical analysis is very subjective - you may see different things at different times - how do you have a rigid trading plan on a H&S shoulder pattern? Your daily routine, diet, sleep, exercise can affect what you 'see' and your decision making, this doesn't happen when a strategy is coded like this; what we do have is a mechanical trading strategy... What does this mean? It means, we are very clear on our entry and our exit and use strict risk management (this is built in - put in your account size, set your risk in % or fixed amount and it will tell you what lot size to trade!) so we have no ego with our position and we are comfortable with all outcomes - its simply just another trade. This free's our mindset from worry and anxiety as we take confidence from knowing our edge is there and also that we have used sensible risk management. The strategy itself can be used as a live trading journal too - how cool is that? The strategy will confirm and support every open and closed position - so its quite easy to follow. We just have to do what Percy does. Intrigued? I bet, have a look at the related ideas or drop me a DM for more info.
Short
by pow_removetheguesswork
Blown your account deep in Gold shorts this week? I betcha.... Its easily done. You see someone selling gold with some half decent analysis and jump right in too. You see others writing about it - it makes you feel like this is going to be the one. The one that makes you big money before Christmas. Truth is, the money you make is never enough anyway. Even if it was you would keep going, trade after trade. Until this method of trading aka guessing, results in account popping like all the champagne bottles on New Years Eve, except without the cheers. This is no joke. You need a plan. A strategy that takes the guesswork out of your trading. One that can back it up. In this video I show you how easy trading can be. Life is different when you aren't sat analysing charts, seeing trend lines in your sleep - watching that red drawdown increasing and increasing. If you are serious about trading - get yourself the right tools and put yourself around the people. Chaou for now. Darren P.S. We have re branded. Why? Bored of being like everyone else, we are now POW - it stands for Progress, Overcome, Win - these words some up what we are about. Anyway, we have some giveaways on my social media this week - drop me a DM for my new IG profile to get involved.
OANDA:XAUUSDLong
by pow_removetheguesswork
2
GBPCAD New Sell signal....GBPCAD - sell now open. The entry price, SL and multiple TPs are shown on the chart. Our back testing and money management strategy itself is holding until a reverse signal to ride a big trend, but as you will not see the next signal - manage the trade as you wish should you decide to enter. What is our strategy? Our strategy is a trend following strategy, can be used on any instrument and time frame. However, we have hard coded specific parameters for when trading the H1 time frame, so we can back up over 4200 previous trades to confirm our edge from previous data. This gives us confidence in execution and belief in our trading strategy for the long term. The strategy simply sits in your trading view, so you will see exactly what we see - the trade, entry price, SL and multiple TPs (although we hold until opposite trade as this is the most profitable longer term plan), lot size, etc. This could be on your phone trading view app, or laptop of course. The hard work is done, so we have zero chart work time, no analysis, no time front of the chart doing technical analysis - technical analysis is very subjective - you may see different things at different times - how do you have a rigid trading plan on a H&S shoulder pattern? Your daily routine, diet, sleep, exercise can affect what you 'see' and your decision making, this doesn't happen when a strategy is coded like this; what we do have is a mechanical trading strategy... What does this mean? It means, we are very clear on our entry and our exit and use strict risk management (this is built in - put in your account size, set your risk in % or fixed amount and it will tell you what lot size to trade!) so we have no ego with our position and we are comfortable with all outcomes - its simply just another trade. This free's our mindset from worry and anxiety as we take confidence from knowing our edge is there and also that we have used sensible risk management. The strategy itself can be used as a live trading journal too - how cool is that? The strategy will confirm and support every open and closed position - so its quite easy to follow. We just have to do what Percy does. Please see our related ideas below for more information to explain what we do and how it can help you.
Short
by pow_removetheguesswork
2
EURJPY SELL CLOSED (+2.3%), BUY NOW OPEN !EURJPY SELL ALERT POSTED COUPLE DAYS AGO, NOW TIME FOR THE BUY ! THE SELL BANKED +2.3% BASED ON 1% RISK. OUR STRATEGY EXPLAINED: The entry price, SL and multiple TPs are shown on the chart. Our back testing and money management strategy itself is holding until a reverse signal to ride a big trend, but as you will not see the next signal - manage the trade as you wish should you decide to enter. What is our strategy? Our strategy is a trend following strategy, can be used on any instrument and time frame. However, we have hard coded specific parameters for when trading the H1 time frame, so we can back up over 4200 previous trades to confirm our edge from previous data. This gives us confidence in execution and belief in our trading strategy for the long term. The strategy simply sits in your trading view, so you will see exactly what we see - the trade, entry price, SL and multiple TPs (although we hold until opposite trade as this is the most profitable longer term plan), lot size, etc. This could be on your phone trading view app, or laptop of course. The hard work is done, so we have zero chart work time, no analysis, no time front of the chart doing technical analysis - technical analysis is very subjective - you may see different things at different times - how do you have a rigid trading plan on a H&S shoulder pattern? Your daily routine, diet, sleep, exercise can affect what you 'see' and your decision making, this doesn't happen when a strategy is coded like this; what we do have is a mechanical trading strategy... What does this mean? It means, we are very clear on our entry and our exit and use strict risk management (this is built in - put in your account size, set your risk in % or fixed amount and it will tell you what lot size to trade!) so we have no ego with our position and we are comfortable with all outcomes - its simply just another trade. This free's our mindset from worry and anxiety as we take confidence from knowing our edge is there and also that we have used sensible risk management. The strategy itself can be used as a live trading journal too - how cool is that? The strategy will confirm and support every open and closed position - so its quite easy to follow. We just have to do what Percy does. Please see our related ideas below for more information to explain what we do and how it can help you.
Long
by RossTyler
1
CHFJPY SELL STILL AROUND ENTRY + BEARISH INDICATION CANDLES CHFJPY is still valid for entry. The entry price, SL and multiple TPs are shown on the chart. Please use risk management ! Our back testing and money management strategy itself is holding until a reverse signal to ride a big trend, but as you will not see the next signal - manage the trade as you wish should you decide to enter. What is our strategy? Our strategy is a trend following strategy, can be used on any instrument and time frame. However, we have hard coded specific parameters for when trading the H1 time frame, so we can back up over 4200 previous trades to confirm our edge from previous data. This gives us confidence in execution and belief in our trading strategy for the long term. The strategy simply sits in your trading view, so you will see exactly what we see - the trade, entry price, SL and multiple TPs (although we hold until opposite trade as this is the most profitable longer term plan), lot size, etc. This could be on your phone trading view app, or laptop of course. The hard work is done, so we have zero chart work time, no analysis, no time front of the chart doing technical analysis - technical analysis is very subjective - you may see different things at different times - how do you have a rigid trading plan on a H&S shoulder pattern? Your daily routine, diet, sleep, exercise can affect what you 'see' and your decision making, this doesn't happen when a strategy is coded like this; what we do have is a mechanical trading strategy... What does this mean? It means, we are very clear on our entry and our exit and use strict risk management (this is built in - put in your account size, set your risk in % or fixed amount and it will tell you what lot size to trade!) so we have no ego with our position and we are comfortable with all outcomes - its simply just another trade. This free's our mindset from worry and anxiety as we take confidence from knowing our edge is there and also that we have used sensible risk management. The strategy itself can be used as a live trading journal too - how cool is that? The strategy will confirm and support every open and closed position - so its quite easy to follow. We just have to do what Percy does. Please see our related ideas below for more information to explain what we do and how it can help you.
Short
by RossTyler
EURCAD - Running +7% on 1% riskEURCAD - Sell running in profit The entry price, SL and multiple TPs are shown on the chart. Our back testing and money management strategy itself is holding until a reverse signal to ride a big trend, but as you will not see the next signal - manage the trade as you wish should you decide to enter. What is our strategy? Our strategy is a trend following strategy, can be used on any instrument and time frame. However, we have hard coded specific parameters for when trading the H1 time frame, so we can back up over 4200 previous trades to confirm our edge from previous data. This gives us confidence in execution and belief in our trading strategy for the long term. The strategy simply sits in your trading view, so you will see exactly what we see - the trade, entry price, SL and multiple TPs (although we hold until opposite trade as this is the most profitable longer term plan), lot size, etc. This could be on your phone trading view app, or laptop of course. The hard work is done, so we have zero chart work time, no analysis, no time front of the chart doing technical analysis - technical analysis is very subjective - you may see different things at different times - how do you have a rigid trading plan on a H&S shoulder pattern? Your daily routine, diet, sleep, exercise can affect what you 'see' and your decision making, this doesn't happen when a strategy is coded like this; what we do have is a mechanical trading strategy... What does this mean? It means, we are very clear on our entry and our exit and use strict risk management (this is built in - put in your account size, set your risk in % or fixed amount and it will tell you what lot size to trade!) so we have no ego with our position and we are comfortable with all outcomes - its simply just another trade. This free's our mindset from worry and anxiety as we take confidence from knowing our edge is there and also that we have used sensible risk management. The strategy itself can be used as a live trading journal too - how cool is that? The strategy will confirm and support every open and closed position - so its quite easy to follow. We just have to do what Percy does. Please see our related ideas below for more information to explain what we do and how it can help you.
Short
by pow_removetheguesswork
NZDJPY - Sell now validNZDJPY - sell position now valid. The entry price, SL and multiple TPs are shown on the chart. Our back testing and money management strategy itself is holding until a reverse signal to ride a big trend, but as you will not see the next signal - manage the trade as you wish should you decide to enter. What is our strategy? Our strategy is a trend following strategy, can be used on any instrument and time frame. However, we have hard coded specific parameters for when trading the H1 time frame, so we can back up over 4200 previous trades to confirm our edge from previous data. This gives us confidence in execution and belief in our trading strategy for the long term. The strategy simply sits in your trading view, so you will see exactly what we see - the trade, entry price, SL and multiple TPs (although we hold until opposite trade as this is the most profitable longer term plan), lot size, etc. This could be on your phone trading view app, or laptop of course. The hard work is done, so we have zero chart work time, no analysis, no time front of the chart doing technical analysis - technical analysis is very subjective - you may see different things at different times - how do you have a rigid trading plan on a H&S shoulder pattern? Your daily routine, diet, sleep, exercise can affect what you 'see' and your decision making, this doesn't happen when a strategy is coded like this; what we do have is a mechanical trading strategy... What does this mean? It means, we are very clear on our entry and our exit and use strict risk management (this is built in - put in your account size, set your risk in % or fixed amount and it will tell you what lot size to trade!) so we have no ego with our position and we are comfortable with all outcomes - its simply just another trade. This free's our mindset from worry and anxiety as we take confidence from knowing our edge is there and also that we have used sensible risk management. The strategy itself can be used as a live trading journal too - how cool is that? The strategy will confirm and support every open and closed position - so its quite easy to follow. We just have to do what Percy does. Please see our related ideas below for more information to explain what we do and how it can help you.
Short
by pow_removetheguesswork
watch me trade ESso first trade I was stopped out after a run up of about 100 pts. Ended break even, so lost out on potential profits, but that's how it goes if you want to catch as big of runs as you can. 100 pts is nothing compared to catching a trend of 200, 300 or even more points. A revision of my previous indicators: I stated them wrong before. Red dots = 1.5 ATR white dots= 2 ATR blue dots = 2.5 ATR top black line 1.75 ATR bottom black line =2.25 ATR I use the red dots for a long entry if 4 hour candle closes above it and blue dots for a short entry if 4h candle closes below it. the black lines I use as my stops and the white dots I use to add to a position if I think it is worth of doing so. so this trade is long and I follow my rule not my heart and brain. My heart and brain say go short but my rule says long because 4h candle closed above or at red dots. (see black arrow on chart). I have another method where I use my heart and brain that I may show at some time, but it doesn't make money like this although it does okay. Current trade Entry close of 4h candle above red dots = 3411 stop loss below black dots just below it. I know it's not the black lines, but I wanted to give a little more room being that candle closed right on the red dots. It's up to you how tight you want you stop. let's watch how this plays out. I move my stop loss up with each move up of the ATR's. In this case, for now I will move my SL up as the black dots move up. this is open to change. I can always tighten my stop. but never increase my stop.
CME_MINI:ES1!Long
by UnknownUnicorn11430563
GBPUSD - running +204 pips We are seeing some USD strength enter the markets and a weaker GBP this week so far, with more Brexit headlines. The entry price, SL and multiple TPs are shown on the chart. Our back testing and money management strategy itself is holding until a reverse signal to ride a big trend, but as you will not see the next signal - manage the trade as you wish should you decide to enter. What is our strategy? Our strategy is a trend following strategy, can be used on any instrument and time frame. However, we have hard coded specific parameters for when trading the H1 time frame, so we can back up over 4200 previous trades to confirm our edge from previous data. This gives us confidence in execution and belief in our trading strategy for the long term. The strategy simply sits in your trading view, so you will see exactly what we see - the trade, entry price, SL and multiple TPs (although we hold until opposite trade as this is the most profitable longer term plan), lot size, etc. This could be on your phone trading view app, or laptop of course. The hard work is done, so we have zero chart work time, no analysis, no time front of the chart doing technical analysis - technical analysis is very subjective - you may see different things at different times - how do you have a rigid trading plan on a H&S shoulder pattern? Your daily routine, diet, sleep, exercise can affect what you 'see' and your decision making, this doesn't happen when a strategy is coded like this; what we do have is a mechanical trading strategy... What does this mean? It means, we are very clear on our entry and our exit and use strict risk management (this is built in - put in your account size, set your risk in % or fixed amount and it will tell you what lot size to trade!) so we have no ego with our position and we are comfortable with all outcomes - its simply just another trade. This free's our mindset from worry and anxiety as we take confidence from knowing our edge is there and also that we have used sensible risk management. The strategy itself can be used as a live trading journal too - how cool is that? The strategy will confirm and support every open and closed position - so its quite easy to follow. We just have to do what Percy does. Please see our related ideas below for more information to explain what we do and how it can help you.
Short
by pow_removetheguesswork
1
EURUSD - running +95 pipsEURUSD Sell position moving nicely now. The entry price, SL and multiple TPs are shown on the chart. Our back testing and money management strategy itself is holding until a reverse signal to ride a big trend, but as you will not see the next signal - manage the trade as you wish should you decide to enter. What is our strategy? Our strategy is a trend following strategy, can be used on any instrument and time frame. However, we have hard coded specific parameters for when trading the H1 time frame, so we can back up over 4200 previous trades to confirm our edge from previous data. This gives us confidence in execution and belief in our trading strategy for the long term. The strategy simply sits in your trading view, so you will see exactly what we see - the trade, entry price, SL and multiple TPs (although we hold until opposite trade as this is the most profitable longer term plan), lot size, etc. This could be on your phone trading view app, or laptop of course. The hard work is done, so we have zero chart work time, no analysis, no time front of the chart doing technical analysis - technical analysis is very subjective - you may see different things at different times - how do you have a rigid trading plan on a H&S shoulder pattern? Your daily routine, diet, sleep, exercise can affect what you 'see' and your decision making, this doesn't happen when a strategy is coded like this; what we do have is a mechanical trading strategy... What does this mean? It means, we are very clear on our entry and our exit and use strict risk management (this is built in - put in your account size, set your risk in % or fixed amount and it will tell you what lot size to trade!) so we have no ego with our position and we are comfortable with all outcomes - its simply just another trade. This free's our mindset from worry and anxiety as we take confidence from knowing our edge is there and also that we have used sensible risk management. The strategy itself can be used as a live trading journal too - how cool is that? The strategy will confirm and support every open and closed position - so its quite easy to follow. We just have to do what Percy does. Please see our related ideas below for more information to explain what we do and how it can help you.
Short
by pow_removetheguesswork
FB Facebook - Sell is now valid! Facebook sell is now valid on our strategy. The entry price, SL and multiple TPs are shown on the chart. Our back testing and money management strategy itself is holding until a reverse signal to ride a big trend, but as you will not see the next signal - manage the trade as you wish should you decide to enter. What is our strategy? Our strategy is a trend following strategy, can be used on any instrument and time frame. However, we have hard coded specific parameters for when trading the H1 time frame, so we can back up over 4200 previous trades to confirm our edge from previous data. This gives us confidence in execution and belief in our trading strategy for the long term. The strategy simply sits in your trading view, so you will see exactly what we see - the trade, entry price, SL and multiple TPs (although we hold until opposite trade as this is the most profitable longer term plan), lot size, etc. This could be on your phone trading view app, or laptop of course. The hard work is done, so we have zero chart work time, no analysis, no time front of the chart doing technical analysis - technical analysis is very subjective - you may see different things at different times - how do you have a rigid trading plan on a H&S shoulder pattern? Your daily routine, diet, sleep, exercise can affect what you 'see' and your decision making, this doesn't happen when a strategy is coded like this; what we do have is a mechanical trading strategy... What does this mean? It means, we are very clear on our entry and our exit and use strict risk management (this is built in - put in your account size, set your risk in % or fixed amount and it will tell you what lot size to trade!) so we have no ego with our position and we are comfortable with all outcomes - its simply just another trade. This free's our mindset from worry and anxiety as we take confidence from knowing our edge is there and also that we have used sensible risk management. The strategy itself can be used as a live trading journal too - how cool is that? The strategy will confirm and support every open and closed position - so its quite easy to follow. We just have to do what Percy does. Please see our related ideas below for more information to explain what we do and how it can help you.
NASDAQ:METAShort
by pow_removetheguesswork
AUDCAD - Sell position moving nicely.....AUDCAD Sell moving nicely - had a small pull back and now looking like it can continue down - if entering now, keep your SL to just above the last high. The entry price, SL and multiple TPs are shown on the chart from the initial entry. Our back testing and money management strategy itself is holding until a reverse signal to ride a big trend, but as you will not see the next signal - manage the trade as you wish should you decide to enter. What is our strategy? Our strategy is a trend following strategy, can be used on any instrument and time frame. However, we have hard coded specific parameters for when trading the H1 time frame, so we can back up over 4200 previous trades to confirm our edge from previous data. This gives us confidence in execution and belief in our trading strategy for the long term. The strategy simply sits in your trading view, so you will see exactly what we see - the trade, entry price, SL and multiple TPs (although we hold until opposite trade as this is the most profitable longer term plan), lot size, etc. This could be on your phone trading view app, or laptop of course. The hard work is done, so we have zero chart work time, no analysis, no time front of the chart doing technical analysis - technical analysis is very subjective - you may see different things at different times - how do you have a rigid trading plan on a H&S shoulder pattern? Your daily routine, diet, sleep, exercise can affect what you 'see' and your decision making, this doesn't happen when a strategy is coded like this; what we do have is a mechanical trading strategy... What does this mean? It means, we are very clear on our entry and our exit and use strict risk management (this is built in - put in your account size, set your risk in % or fixed amount and it will tell you what lot size to trade!) so we have no ego with our position and we are comfortable with all outcomes - its simply just another trade. This free's our mindset from worry and anxiety as we take confidence from knowing our edge is there and also that we have used sensible risk management. The strategy itself can be used as a live trading journal too - how cool is that? The strategy will confirm and support every open and closed position - so its quite easy to follow. We just have to do what Percy does. Please see our related ideas below for more information to explain what we do and how it can help you.
Short
by pow_removetheguesswork
Gold running +11% on our Gold StrategySuper entry on Gold now running +11% based on 1% risk. Hold until reverse signal, however we have suggested our members trial up their stop loss currently. What is our Gold Strategy? - Script information shown below - and a link in the 'related ideas' section for a video introduction. We are releasing this separate script file for trading Gold on the M15 time frame using our strategy. This can now run independently from the main file instead of changing parameters and saving as a template - thus making the use of these specific settings even easier for our traders. You can see the back testing profitability shown below, although you can not use back testing to predict the future, both the volume of trades, net profit, win rate and draw down demonstrate a solid foundation and data to move forward from. The strategy itself is explained in the 'Blue FX Strategy' but see below too for more info. Our strategy will help you identify the current trend in the markets and highlight when this is changing. The strategy itself is based upon 4 indicators lining up in total confluence to increase the probability of the trade being a success. Absolutely no technical analysis is needed to trade this - this is a trading tool and has solid back testing results trading in isolation - although you may also use to support your own trading - the choice is yours. When a trade is valid - a Buy or Sell label will appear with the Entry price, SL and multiple TP's shown on the chart. IMPORTANT note, the test results show and confirm that the most profitable exit strategy with these Gold settings is 'FT&SL' this means we enter the trade with a Stop Loss (SL) and simply hold and follow the trend (Follow Trend = FT ) until a reverse signal is printed. In our supporting video (see related ideas) you can see the impact of changing this target between multiple TP's and the net effect on both win rate and overall net profitability. The Lot size will also be displayed and this is based on the risk parameters you have set personally in the calculation section. What is a Trading View Script? A script is like an indicator but better, we can verify the success of our strategy by using Trading Views strategy tester function. As shown below and on the chart - you can see the 'Buy' and 'Close Buy' on the chart, supported by a live trading log showing you the entry, entry price date, volume and closing price. This is a great function for numerous reasons; firstly, you know you are using a strategy that has provided a positive expectancy in back testing, secondly you can use this as a trading journal to support your trading too. This in itself can help you with your trading psychology - letting winning trades run is a prime example of this. Take confidence in the statistics and performance over time. Ultimately, we believe we have saved YOU the need to firstly, find an edge and a strategy - and all of the time it takes to BACKTEST a strategy - to then find it may or may not work - and then you start again! Disclaimer alert; Please remember past performance is exactly that - how our strategy performed over those dates tested, it is not obviously a guarantee of future performance. Interested in access or more information? No problem, simply drop us a DM via trading view for access information. Thank you for reading. Darren
OANDA:XAUUSDLong
by pow_removetheguesswork
Controversial - Technical analysis and why it doesn't work.....Hi all, This is a controversial one for sure...... all I ask is for you to ponder my video and let me know what I think.... Why am I sharing? I used to trade this way! At the end of Q1 with Covid hitting the world, I kept finding myself on the wrong side of the moves , it got me thinking the money to be made is if I was in the trend - not trying to catch the top of bottom of the move, right? The markets will be irrational more than you are solvent is a fab quote - and is so true. How many times have you said to yourself? It must go down soon, or it can't keep going up. I am sure you can relate. What did I change? I investigated different strategies and combined them to add more confluence and ensure that I was on the right side of the market move on any big trend. Don't fight the market, be in tune with the market and follow price. There are sometimes numerous ways to trade the same chart with technical analysis - how can you trade from a strict trading plan with so much subjectivity? How have you successfully back tested your edge with this too? What actually classes as a head and shoulders pattern, might look like one one day and not the next. I know all of this, I can relate to it all, because it is what I used to do. I am simply pointing out that our need to be right and find certainty in an uncertain market is not constructive nor helpful. Let me know if this resonates with you please, or even if you disagree - that's fine too of course, I am simply trying to explain and share my views and my experience to date. If it helps, great. Regards Darren
FX:XAUUSDShort
by pow_removetheguesswork
2
GBPJPY H4 testing /1000%+ gain data for 1000+ trades since 2007 Hi All Pleased share some back testing results on the H4 timeframe across some xxxjpy pairs, mainly GBPJPY. By testing H4 we have access to more data in time, so this video shows testing from 2007 with over 1000+ trades , so a substantial back test in my opinion. Entry is clear - we just follow the entry on screen Exit is clear - 3 exit options - Stop Loss (all of our SL's are dynamic and based from ATR - so we take into account volatility on every trade - you can still risk the same amount!) - TP3 target based on 1:8 Risk to Reward or lastly, close and enter on a reverse signal if this happens before the other 2 possible outcomes. Regards Darren
Education
by pow_removetheguesswork
CADCHF - New Buy TradeCADCHF Buy Entry : 0.68755 Stop Loss : 0.68605 Multiple TP options shown below: TP1 : 0.68956 TP2 : 0.69156 TP3 : 0.69556 Our back testing and money management strategy itself is holding until a reverse signal to ride a big trend, but as you will not see the next signal - manage the trade as you wish should you decide to enter. Still time to enter this buy trade on CADCHF. What is our strategy? Our strategy is a trend following strategy, can be used on any instrument and time frame. However, we have hard coded specific parameters for when trading the H1 time frame, so we can back up over 4200 previous trades to confirm our edge from previous data. This gives us confidence in execution and belief in our trading strategy for the long term. The strategy simply sits in your trading view, so you will see exactly what we see - the trade, entry price, SL and multiple TPs (although we hold until opposite trade as this is the most profitable longer term plan), lot size, etc. This could be on your phone trading view app, or laptop of course. The hard work is done, so we have zero chart work time, no analysis, no time front of the chart doing technical analysis - technical analysis is very subjective - you may see different things at different times - how do you have a rigid trading plan on a H&S shoulder pattern? Your daily routine, diet, sleep, exercise can affect what you 'see' and your decision making, this doesn't happen when a strategy is coded like this; what we do have is a mechanical trading strategy... What does this mean? It means, we are very clear on our entry and our exit and use strict risk management (this is built in - put in your account size, set your risk in % or fixed amount and it will tell you what lot size to trade!) so we have no ego with our position and we are comfortable with all outcomes - its simply just another trade. This free's our mindset from worry and anxiety as we take confidence from knowing our edge is there and also that we have used sensible risk management. The strategy itself can be used as a live trading journal too - how cool is that? The strategy will confirm and support every open and closed position - so its quite easy to follow. We just have to do what Percy does. Please see our related ideas below for more information to explain what we do and how it can help you.
Long
by pow_removetheguesswork
EURCAD Sell Sell SellStill time to enter this sell trade - the Buy was closed in small loss and we follow the trend with our strategy. The previous sell was a nice profitable trade, its important we cut losers should a reversal be shown. Cutting losers and letting winners run you will have read about for sure - this is hard to do for most? Why? Because, through their technical analysis they have a bias to the trade, they want to be proven right - they live in hope. Why else? As humans we are programmed to avoid pain - a loss hurts right? We are programmed to not realise that pain - this is another reason why people close winning trades too early.... they don't want to feel the 'pain' of a winning trade turning against them. How many of you can relate to this? If so comment below. Our strategy removes these challenges, the first step in removing the challenge is having strict rules and also robust risk management. What is our strategy? Our strategy is a trend following strategy, can be used on any instrument and time frame. However, we have hard coded specific parameters for when trading the H1 time frame, so we can back up over 4200 previous trades to confirm our edge from previous data. This gives us confidence in execution and belief in our trading strategy for the long term. The strategy simply sits in your trading view, so you will see exactly what we see - the trade, entry price, SL and multiple TPs (although we hold until opposite trade as this is the most profitable longer term plan), lot size, etc. This could be on your phone trading view app, or laptop of course. The hard work is done, so we have zero chart work time, no analysis, no time front of the chart doing technical analysis - technical analysis is very subjective - you may see different things at different times - how do you have a rigid trading plan on a H&S shoulder pattern? Your daily routine, diet, sleep, exercise can affect what you 'see' and your decision making, this doesn't happen when a strategy is coded like this; what we do have is a mechanical trading strategy... What does this mean? It means, we are very clear on our entry and our exit and use strict risk management (this is built in - put in your account size, set your risk in % or fixed amount and it will tell you what lot size to trade!) so we have no ego with our position and we are comfortable with all outcomes - its simply just another trade. This free's our mindset from worry and anxiety as we take confidence from knowing our edge is there and also that we have used sensible risk management. The strategy itself can be used as a live trading journal too - how cool is that? The strategy will confirm and support every open and closed position - so its quite easy to follow. We just have to do what Percy does. Please see our related ideas below for more information to explain what we do and how it can help you.
Short
by pow_removetheguesswork
Win rate - its a myth & consequences to not following rules! A great example with these stats on AUDUSD.... So many times traders ask about 'win rate', in a strategy with the right expectancy it's simply not important. Win rate without understanding risk to reward is a useless KPI - here we see a strategy where only 30% of trades 'win' - yet the average win far outweighs the average loss to give the great net profit stats shown. Please also note the DD stat is maximal dd, so this is the total maximum losing run found within this testing period. Letting your winners run is key as we continue to say. We can actually play with the TP here on the exact same strategy to generate a much higher win rate, but the profit drops - thus proving further that win rate is vanity - it tricks you into thinking you are winning more than you are losing, which you are! BUT, you are making less money!! All we did was reduce the RR to 1:1. The picture will not upload - but the stats change to: 22% net profit (a tenth of the profit on the same trades!) / 56.22% win rate off the 217 trades - and again the only thing we changed is our exit price. Same entry, same strategy and same SL - just holding the trades until a reverse signal and thus riding the big market moves. Percentage gains are the only important factor in trading - but you have to get used to losing more than you win and being emotionless from the market. The challenge here is when you do get that winning trade not to close it early because of FOMO. Mindset and trading psychology are fascinating - learn to follow rules within your strategy! It would be far easier to teach complete newbies how to execute our strategy by simply instructing them to do x,y,z in order; they would make more money than some traders that think they know best and whom are emotionally tied to their trades - this affects decision making and their ability to stick to their plan. Here is a question for you? A heart surgeon, if he doesn't stick to the plan in an operation, whats the consequence? People die! Or the engineer cutting corners checking the plane, etc., etc, I could give numerous examples, yet most struggle to stick to their plan in trading - do you even have a plan is the first question! Regards Darren
by pow_removetheguesswork
Q2 +198% gain, despite a losing month in June on H1 timeframeJune was a challenging month indeed - lots of ranging markets, but a great 198% still for Q2 - including June! It's important to understand this can happen and no equity curve in trading is a perfect diagonal one! Losing days/weeks or even months can be part of a profitable strategy over a long period of time. Understanding this is vital to overall success and profitability. Lots of traders flick between strategies from week to week or month to month, not sticking with one plan thus then not having consistency. Treat your trading like a business and accept a losing month should not define your year or your quarter! Q2 stats below, also we touch on V4 stats below too - to show how we have now factored in a function to help remove a lot of trades from a ranging market - the difference is quite staggering in both the reduced amount of trades, solid gains for Q2 and that June in isolation remained profitable on V4. All based on £500 account on 1% risk as a baseline for all stats; Current settings; Q2 / £991 profit / 817 trades June / £-129 / 263 trades V4 settings with trend filter and specific parameters for each pair on H1 timeframe; Q2 / £852 profit / 332 trades (less than half the current trade volume!) June / £48 profit / 95 trades - almost a third of the trade volume, thus demonstrating the trend filter working well. Due to the lower volume of trades, 1% risk is doable, on V3 it was high if taking all trades - thus V4 can provide even stronger % returns on a LFL basis because of this. Watch out for our V4 video ..... Regards Darren
by pow_removetheguesswork