No Stop Loss No Leverage Strategy - working so far (No SL No Leverage Strategy - working so )
Hello everyone,
I wanted to share my strategies and get your comments and thoughts.
The strategy I use is very simple and has been very successful so far.
My rules:
1. No leverage I have an account with 1000 euros, but now I only trade 0.01 lots. When I reach 2000 euros margin etc. I will start trading 0.02 lots (or you can decide to trade 0.02 lots more slowly only if you have 3000 euros margin etc in your account)
2. Little TP
I set a price target of 15-20 pips per trade and only trade pairs with low broker spreads.
3. No stop loss I don’t set a stop loss, so basically the position will only be closed when the target price is reached. (I'll explain why later)
4. The number of open transactions at the same time shall not exceed 5.
Admission conditions:
Go long when H4 PA closes above 5EMA and go short when H4 PA closes below 5EMA.
That's it!
I've been testing this method for three weeks now,
A total of 29 trades opened with 27 target prices closed. Open trades still pending: 2 (target price not yet reached)
It's really slow to make money trading 0.01 lots, but I'm slowly building up my account margin so I can start trading larger lots.
I didn't use SL for this method and this is the key to success:
Even when the trade went against me and went -200/-300 pips against me, the fact that I was not using leverage made it affordable (you can withstand such a reversal without leverage and still open other trades!)
The only downside is that the trade may remain open for days or weeks before the price target is reached. But as I've seen through testing, over 90% of trades hit their target price within 48 hours.
I try to compensate for the negative roll by doing positive roll trades (e.g. long AUDUSD)
What do you think of this strategy?
I wanted to share my strategies and get your comments and thoughts.
The strategy I use is very simple and has been very successful so far.
My rules:
1. No leverage I have an account with 1000 euros, but now I only trade 0.01 lots. When I reach 2000 euros margin etc. I will start trading 0.02 lots (or you can decide to trade 0.02 lots more slowly only if you have 3000 euros margin etc in your account)
2. Little TP
I set a price target of 15-20 pips per trade and only trade pairs with low broker spreads.
3. No stop loss I don’t set a stop loss, so basically the position will only be closed when the target price is reached. (I'll explain why later)
4. The number of open transactions at the same time shall not exceed 5.
Admission conditions:
Go long when H4 PA closes above 5EMA and go short when H4 PA closes below 5EMA.
That's it!
I've been testing this method for three weeks now,
A total of 29 trades opened with 27 target prices closed. Open trades still pending: 2 (target price not yet reached)
It's really slow to make money trading 0.01 lots, but I'm slowly building up my account margin so I can start trading larger lots.
I didn't use SL for this method and this is the key to success:
Even when the trade went against me and went -200/-300 pips against me, the fact that I was not using leverage made it affordable (you can withstand such a reversal without leverage and still open other trades!)
The only downside is that the trade may remain open for days or weeks before the price target is reached. But as I've seen through testing, over 90% of trades hit their target price within 48 hours.
I try to compensate for the negative roll by doing positive roll trades (e.g. long AUDUSD)
What do you think of this strategy?
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