RichScott

CADJPY short valid πŸ‡¨πŸ‡¦πŸ‡―πŸ‡΅πŸ’Ήβ˜‘οΈ

Short
FX:CADJPY   Canadian Dollar / Japanese Yen
Morning traders

After a long trade from Friday completed on this pair yesterday and now out strategy says it's time for a short trade.

That's how simple this strategy is. We simple follow and trade what we see.
Strategy is set here working the 30M time to a 1:2.5 risk reward ratio.

How do I have complete confidence in the way I trade this pair?

The strategy makes use of TradingView's strategy tester.
That way we are able to set the strategy parameters and instantly back test the results giving insight in the viability to then trade in that manner.

The back test results for this pair can be found at the bottom of the screen.
The results are based on Β£1000 starting capital risking 2% per trade. Test results date back to Jan 2020 and you would of seen 158% ROI .

Based on the statements above this level of data ensures we are entering the markets with a proven trading edge and strategy.

What is the strategy in use?

The strategy used 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.

Alerts can be set for these trades to aid trading manually or the strategy alerts can be automated and all your trading is 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.

Does that sound easy?

It really is that easy. We simply follow the trades and go about the rest of our day.
No excess time spent at the charts manually analysing and managing trades.

I don't recommend jumping on random TradingView ideas as this is no way to log your trading journey and no way of knowing if you trade with a proven edge.

I think from all the above mentioned however I have shown this strategy can give any trader out there the needed proven edge to trade.
So for any more information on the strategy in use please feel free to ask me any questions.

Thanks for looking at my idea
Rich

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