Our strategy presented this trade a couple of hours ago.
A EURGBP trade I covered earlier on has already hit take profit now we are hoping this one can too.
We are working the H1 time frame with the strategy set to a risk reward ratio of 1:4.
The strategy itself is based on 4 individual strategies all lining up for extra confluence. The 'BUY' or 'SELL' is then indicated on your chart. We simply follow what the strategy presents.
The strategy is a follow trend strategy and runs on your TradingView charts and can be used on forex pairs,indices, stocks and crypto. The strategy can also be adapted to run on the charts to suit how you trade.
In this instance I am working to the take profit 3 target but I have also included a short position box to represent the values if working to TP1.
Working this pair to TP1 target would give you a 51% ROI with a 50.82% win rate.
Working this pair to TP3 target would give you a 94% ROI with a win rate of 35%
The above stats are based on 1% risk per trade. Data is from January 1st 2020 to know. Pick the style which suits your trading emotions and styles best.
How do I know that level data for the method in which I have applied to trade this pair?
Well our strategy comes complete with a built in back tester. Settings can be changed in the strategy then instantly back tested to ensure previous performance is on point.
Having this data at our finger tips ensures we are clear on our entry and exit points in the market, while sticking to a rigid risk management structure.
This frees our minds from any worry and anxiety that trading can cause. We take confidence from knowing that we are trading the markets with a proven EDGE.
The strategy tester also logs all the trades you have entered and as traders keeping a journal is crucial to monitor consistency.
All the data for the pair in question can be found at the foot of this idea.
For more information of the strategy in use feel free to drop me a message.