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TP is 5 - 10 pips. Now that I've switched to the H1 timeframe I'll up the TP to 15 - 20. I manually stop orders against me. The reason for that is I have seen too many trades turn around after a 30 or 50 dd. What I'll do is, while the trend is going against me, I'll trade in the oppesite direction and build up my Equity and Free Margin. If things really turn against me I'll close the bad trade. For know this strategy has een working well.
can u please share how we can trade in 1hour chart with this system.n what are the settings for BB and stoch,RSI for 1h chart
First of all I'm not a Forex guru. In fact, I've been trading for only 1 year now. The strategy I use is a combination of Bollinger Bands and the RSI Indicator. Not my own system, got it from a forex forum. I have also recently added the Stoch. Here is how I trade: Open a M15 EURUSD Chart. Add 3 Bollinger Bands:
hello sir,,
your system is appreciated..can u please share how can i trade with 1 r chart with this system..what will be the settings for BB,stoch and rsi...thank you...
Yes you are right... And he is about to open a new bigger account as well.. the method seems to be ok though...
Seems to be okay......... that's because ALL indicators work.... SOME of the time ha ha ha ha
Try the 3 Bol.Bands with Stochastic (51,5,3) With 78.4/23.6.
Only trading when stoch is over 78.4 or under 23.6.
GOOD LUCK.
Try the 3 Bol.Bands with Stochastic (51,5,3) With 78.4/23.6.
Only trading when stoch is over 78.4 or under 23.6.
GOOD LUCK.
hello I need help
A lot of people need help, but most will actually state what they want help with.
If you state specifically how you need help, somebody may be able to help you.
Just stating "I need help" is just wasting everybody's time who read your post.
Try the 3 Bol.Bands with Stochastic (51,5,3) With 78.4/23.6.
Only trading when stoch is over 78.4 or under 23.6.
GOOD LUCK.
Hello vinetum,
can you share a pic of an entry whit your modification please??
hello I need help