5M trending system - 10-15 pips/day
Hello people I am relatively new to forex and was wondering if i could get some feedback/advice on this strategy.
My aim is for 10-15 pips per day, trading on the 5m chart, using a 1:1/1:1.5 risk reward (so SL 10/15 pips, TP 10/15)
Indicators used:
Heinken Ashi smoothed
ADX (14)
Stoch (5,3,3)
Buy trade
When price action is above the Heiken Ashi smoothed
there has been at least 2 bullish HA candles
and the ADX is above 20 and showing bullish trend
Also Stoch is heading up
Sell trade: the opposite.
This setup has show some good results on visual backtesting, but of course forwarding testing is needed - feed would still be appreciated though!
Another idea I had (i know that this is frowned upon) was to apply limited martingale if i lose... although this may not be a good idea!
Comments about the strategy would be great
use a simulator (i use lfh simulator) or demo it.
visual backtesting is a total waste of time.
- Free trading apps
- Over 8,000 signals for copying
- Economic news for exploring financial markets
You agree to website policy and terms of use
Hello people I am relatively new to forex and was wondering if i could get some feedback/advice on this strategy.
My aim is for 10-15 pips per day, trading on the 5m chart, using a 1:1/1:1.5 risk reward (so SL 10/15 pips, TP 10/15)
Indicators used:
Heinken Ashi smoothed
ADX (14)
Stoch (5,3,3)
Buy trade
When price action is above the Heiken Ashi smoothed
there has been at least 2 bullish HA candles
and the ADX is above 20 and showing bullish trend
Also Stoch is heading up
Sell trade: the opposite.
This setup has show some good results on visual backtesting, but of course forwarding testing is needed - feed would still be appreciated though!
Another idea I had (i know that this is frowned upon) was to apply limited martingale if i lose... although this may not be a good idea!
Comments about the strategy would be great