Monday again and our strategy has already picked a trade on the pair covered in my idea last night.
The pair in question is EURCAD working the 30M time frame.
This short trade is well underway and at the bottom of this idea are the year to date stats on trading this pair in the manner I do.
The strategy in play is adaptable to any instrument and time and on this pair in question I'm working to a 1:2.8 RR ratio.
I know the way the strategy is set to be a profitable method thanks to the built in back tester.
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.
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.
This pair has been a good pair to trade of late to get involved with our strategy more feel free to drop me a message.