Afternoon traders.
It's been to long between ideas my apologies for this.
Here we have a valid long trade on GBPJPY.
After last weeks successful 100 pip sell trade our strategy now says it's time for a buy.
Truth behind no ideas recently is I'm not on the charts everyday! Crazy yes but no need when our strategy can be automated.
I simply set the strategy parameters up and use the built strategy tester to back test the viability of how I have set up the pair.
Once I can establish I have a known proven EDGE I simply enter the markets in full confidence and let trades play out.
It's as simple a that. No excessive hours analysing charts, no mental burn out from constant decision making for trades.
As with all my ideas the back tested results are always provided at the foot of the idea.
The back test results are based on a £1000 capital and risking 1% a trade. The results are for two full years of trading!
For the pair in question I am working to a 1:2.5 risk reward ratio.
Any questions on the methods used feel free to drop me a message.
It's been to long between ideas my apologies for this.
Here we have a valid long trade on GBPJPY.
After last weeks successful 100 pip sell trade our strategy now says it's time for a buy.
Truth behind no ideas recently is I'm not on the charts everyday! Crazy yes but no need when our strategy can be automated.
I simply set the strategy parameters up and use the built strategy tester to back test the viability of how I have set up the pair.
Once I can establish I have a known proven EDGE I simply enter the markets in full confidence and let trades play out.
It's as simple a that. No excessive hours analysing charts, no mental burn out from constant decision making for trades.
As with all my ideas the back tested results are always provided at the foot of the idea.
The back test results are based on a £1000 capital and risking 1% a trade. The results are for two full years of trading!
For the pair in question I am working to a 1:2.5 risk reward ratio.
Any questions on the methods used feel free to drop me a message.
Trade closed: target reached:
Take profit hit.