Let's create a profitable system
My name is David, I am 23 years old, from the Czech Republic, and I work as a quality controller.
I decided to set up a new profit system because my intraday EUR/USD strategy was letting me down a bit after setting a new losing trade record (22).
I wanted to see if I could draw a better equity curve with fewer losing trades. Then let's go!
System- Rules
1. I trade Tuesday through Friday.
2. My trading hours are 9:00 to 13:00 and 15:00 to 17:00 GMT+1 (depending on my shift).
3. I trade the 1 hour chart.
4. I only trade long.
5. Stop loss is - target profit is 400$ .
System- Trading Rules
1. The opening price should remain above the daily pivot.
2. Price should form an engulfing candle on the daily pivot.
3. Stop loss is the daily pivot - the target profit is about R2, and the profit coefficient here should be 2:1.
4. The H1 chart should go up, if not, and the H1 chart is within a certain range, I watch the H4 and D1 charts, and if it goes up, I also enter the trade (this rule is very conservative, I just don't enter against a big drop).
Main goal-
1. Make 50 transactions.
2. Minimal losses.
This is the first example, I will add more equity curves after the last trade.
This one is 28.2. 2018.
Trading Rules-
1. The opening price should remain above the daily pivot.
2. Price should form an engulfing candle on the daily pivot.
3. Stop loss is the daily pivot - the target profit is about R2, and the profit coefficient here should be 2:1.
4. The H1 chart should go up, if not, and the H1 chart is within a certain range, I watch the H4 and D1 charts, and if it goes up, I also enter the trade (this rule is very conservative, I just don't enter against a big drop).
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