DarrenHill

Automating strategies keeps me sane 😊

Education
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
Running a strategy with a proven edge has me comfortable mentally on how a trade plays out, Be it a stop out or a take profit target met.

Also automating those proven strategies and just letting them be helped with my mental state as a trader.

Trade alerted 17:45 this afternoon and has been close once to TP.

I didn't know this I was in the garden enjoying the late summer sun that has bestowed the UK this week 🌞

Once upon a time watching the charts would of had me thinking of closing to soon and then filling with regret as the retrace occurs that I didn't close.

Only reason to look at chart tonight was a quick mid week review of trades and this trade is one of my open ones.

Trade details are shown on the chart.

We are working the 15M time frame on this strategy.

We're looking for the green line which is take profit target.

Little red arrow is entry point and purple line is stop loss.

The current open trade still might not hip TP but I'm not allowing emotions to play a part I let the objective based plan play out.

Previous trades shown on chart from the last two days.

Trade history can be seen at the foot of this trade idea too for full transparency.

These are year to date stats.

How do you as traders journal your trades I'm intrigued to know?

Having back test capability and a trade log which is possible through TradingView pine script saves me hours in manually logging trades as well as manually back testing.

Having that level of data allows me to know I'm running a proven strategy and that I have an edge.

The next key bit to staying sane/stress free and one of the best pieces of advice I could give as a trader is use technology available to your advantage.

Trading shouldn't consume every spare minute. Most of us do this to escape the 9-5 so don't spend hours at charts unnecessarily.

Not spending hours at charts is why I haven't shared all these trades on this pair and when this current one alerted.

If your reading this tonight let this sink in I've only looked at this chart once this week when I shared my last idea yesterday on the pair in question.


There has been three trades since then and I'm only just looking now!

Take it from me find a strategy that works and then automate that strategy.

Your mental health and well being will be the winner in the long run along with healthy account gains.

------------------------------------------

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.

------------------------------------------

Please hit the πŸ‘ LIKE button if you like my ideasπŸ™

Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. πŸ™Œ

No one likes missing out, do they?

Also, see my 'related ideas' below to see more just like this.

The stats for this pair are shown below too.

Thank you.
Darren
More Info here: https://link.team-pow.com/TV

πŸ“Š Edge Strategy
🏧 Banker EA
πŸ‘πŸΌ POW Copy Trade
πŸ’Έ POW Funding - trade up to 100k without an evaluation fee

Comments

Enjoyed this and I need to do more of it myself!
100 coins
+6 Reply
MoonBets scheplick
@scheplick,

Setting alerts is the best thing you can do.
like @DarrenHill said, you don't have to watch the charts all day looking for a trade.
The alerts will notify you when needed!
+3 Reply
Thanks a lot, I am new to trading and already doing most of the mistakes you speak of. I need to figure this out before I go broke.
100 coins
+4 Reply
Thanks for sharing this! Yes, Backtesting and Pine Script can help a lot. This was featured in Editors' Picks and our Weekly Email.
100 coins
+3 Reply
cyatophilum TradingView
Hey @TradingView, isn't this kind of post going against the House Rules ?

Since when are we allowed to advertise our private indicators in public ideas ?
Not to mention his backtest results do not include commission fees, which is not very realistic and breaking House Rules again.

Maybe the Rules changed, because for this to get featured does not really make any sense.
+7 Reply
Razzy cyatophilum
@cyatophilum, 100% Agree. He's selling a "trading bot" with minimal backtests and track record.
+1 Reply
don't feel offended but can you share your bot or possibly sell
+20 Reply
@Riddle_fx, following
+2 Reply
interested
+2 Reply