RichScott

GBPJPY long valid πŸ‡¬πŸ‡§πŸ‡―πŸ‡΅β˜‘οΈ

Long
FX:GBPJPY   British Pound / Japanese Yen
Morning traders

Our strategy originally presented a sell on the pair in question at 6am UK time.
However as the market shifted a valid buy trade is now live and trending in correct direction.

We are working the H1 time frame here to a RR ratio of 1:2.5

I know from the built in strategy tester this pair was profitable all last year trading with a ATR based stop loss working to a set TP target.
At the foot of the idea is the current results for this year only. As you will see this pair has kicked of 2021 with a bang.

The data logged on this idea for the year so far is based on Β£1000 capital risking 1% per trade.
Having this level of back test ability gives great foundations to go and enter the markets with confidence.
Confidence comes from knowing we are trading with a proven edge.

What is the strategy in use

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.
The strategy works on any time frame and instrument and can be set to how you wish to trade.

It sounds to easy

It does sound to easy but it's the reality of how our traders trade.
NO excess chart time or analysis. Simple to follow and adaptable to our trade style.
Built in strategy tester allows for proven edge trading while also logging all trades taken.

If clarity and ease is what you want from trading then feel free to ask me any more questions.

Thanks for taking the time to look at my idea
Rich
Trade closed: target reached: Take profit target hit.

Comments

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