Hello, I want to share my EURUSD trade and also share my trading strategy for it. My strategy is the SSL Channel and the 200 EMA for my baseline. Take buy entry whenever the price is above 200 EMA and above SSL Channel. Take sell entry whenever the price is below 200 EMA and belove SSL Channel. I don't immediately take the entry, I also watch for the price structure and psychological level.
I have backtested that strategy for 100 times in EURUSD with 15m timeframe. The result is a 55% win probability with 1.5 rewards to risk ratio. In practice, I don't immediately close my trade whenever the price reaches my take profit level, but I scale-out half of my position and move my stop loss to breakeven then let the rest of my position ride until it reverses and closes below the SSL Channel. For this time, I took around 4.79 rewards to risk ratio for the rest of my position, which is good.
Thank you for your attention. Also, thank you for helping me to get 5 reputations.
I have backtested that strategy for 100 times in EURUSD with 15m timeframe. The result is a 55% win probability with 1.5 rewards to risk ratio. In practice, I don't immediately close my trade whenever the price reaches my take profit level, but I scale-out half of my position and move my stop loss to breakeven then let the rest of my position ride until it reverses and closes below the SSL Channel. For this time, I took around 4.79 rewards to risk ratio for the rest of my position, which is good.
Thank you for your attention. Also, thank you for helping me to get 5 reputations.
