Before I log of for the day I just thought this would be a good opportunity to show how I've traded this pair over last 5 days. Crucial bit here however is I haven't carried out a single minute analysing the chart for this pair in any form over those 5 days!!
Our strategy has simply allowed me this luxury of not having to analyse and judge where to enter and where to exit said trade. Our strategy does that for you and even prints all the required trade information next to the trade alert. I've had no emotions affecting my mind in any of this. I am simply following the trades as they present on the chart! That's how easy this is.
The above isn't strictly true it's been even easier! As our strategy can be automated. Checking my open and closed trades is when I spotted EURCAD trades had closed in good profit. This the first bit of chart time spent this week on the pair in question and that's me writing this idea.
What strategy am I using here?
Our strategy is a trend follow strategy.
The strategy is 5 individual strategies combined into one. The trade is only valid when all 5 confluences line up. At this point a trade is presented on the charts with all the necessary information printed at the side of the alert.
You then take this trade manually or you can automate the strategy and let it all be 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. The strategy works on any time frame and instrument and can be set to how you wish to trade.
How can we be so sure on the manner we are trading works?
Quiet simply by the strategy having a built in back tester. The Strategy can be set to your desired way of trading. Then immediate back test data will show if that method is profitable or not.
Back test data is all we have to go on as traders and this level of data is crucial in building a trading plan. The back test results gives our traders a proven trading edge and confidence to then execute the trades on the markets.
I know this pair was profitable all last year and the data for the pair can be found at bottom of the page. However the data provided in this idea is slightly different to my previous ideas as I've shown the data for the year so far.
Stats are based on trading £5000 capital risking 2% per trade. We have a 21% ROI in the first 7 weeks of 2021!!
Trading should be about freedom and no emotional strain. It 100% shouldn't be about excess chart time analysing for the next day! I'm off to enjoy a nice cool bottle of beer now. If you fancy that instead of still being stuck to the chart drop me a message and lets see if we can help you.
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.