Our strategy says it's go long time on EURUSD .
The strategy we use is a follow trend strategy and with our strategy you simply execute trades when the script presents them on the chart.
No needed. No excessive chart time required. We just simply follow the strategy.
The strategy itself is based on 4 individual strategies all lining up for extra confluence. The 'BUY' or 'SELL' is indicated on your chart and all bars will turn green or red depending upon the trend in play.
For the trade in question we are working the H1 chart.
We are working to the take profit value that has been printed on the screen. With the stop loss value also set.
With the strategy set this way for the pair and time frame in question we are working to a risk reward ratio of 1:5.
At the foot of this idea is the back test data for trading the pair in this manner from January 2018 to now.
Having this level of data at our disposal thanks to the built in strategy tester enables our traders to confidently test potential strategies before entering the markets.
I don't recommend jumping on random trades you see on TradingView as you are not working to a consistent trading plan with a clear edge.
For any questions on the strategy in use on this idea please feel free to drop me a message.