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.
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.