Quick idea as the markets open up for the week I just wanted to show you all how I traded GBPUSD last week.
I am working the 30M time frame here using our 'EDGE' strategy.
As you will see from the chart there was four trades last week on this time frame and three were winners! 138 pips banked.
Our strategy is a follow trend strategy and can be used on any time frame but also with any instrument.
The strategy sits in your tradingview and when all confluences are met a simple alert appears on the chart. At this point we enter the trade.
When an alert presents all the trade information is presented too, take profit target, stop loss, entry points etc.
The confidence in the way we trade comes from the built in strategy tester. This enables us too back test the way we intend to trade.
No one can predict the future but this is a great marker on how trading a pair could perform going forward.
The strategy tester data for this pair can be found at the foot of this idea.
The data is based on £5000 starting capital and risking 2% a trade. Data shown is tested from Jan 2020 to present time.
The strategy tester shows gains from trading this way along with, win rate, number of trades and draw down.
Feel free to press the sub menus and in doing so you will see a performance overview and all 409 trades individually logged.
All of the above allows our traders to trade with confidence and emotions firmly in check.
For any more information on the strategy shown please feel free to drop me a message.