denovo

Public Live Test - Trade 1

FX:USDCHF   U.S. Dollar/Swiss Franc
46 0 0
I want to live test a simple methodology I developed that doesn't require any proprietary indicators or special programming, so any trader with limited capital is able to trade without spending hundreds or thousands on special charting programs. For testing purposes, the methodology is being traded in a $4500 account with FXCM's Trading Station platform. Maximum risk on any trade is 1.25% of account at the time of each trade. Markets to be traded include only the following FX pairs: AUD/USD             , EUR/JPY             , EUR/USD             , GBP/JPY             , GBP/USD             , USD/CHF             and USD/JPY             .

1) Daily trend: downtrend established at the end of November, 2015; corrective rally since middle of December, 2015.

2) 8-hour chart: AB = CD correction ends at 50% retracement , with oscillator divergence confirming a short setup.

3) 2-hour chart: oscillator divergence supporting the 8-hour chart analysis.

I missed the entry when it triggered, and now I'm waiting for a retracement back to that level.

Entry: sell 15,000 @ 1.00264
Initial stop-loss: 1.00634
1st target: 0.99492 (buy 6,000)
2nd target: 0.98549 (buy 5,000)
Trail stop on remaining 4,000
Trade closed: stop reached: Filled and stopped out for a 1R loss

Starting balance: $4,500.00
Gross P/L: -55.15
Commission - 1.20
Ending balance: $4,443.65
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out