Hi,
I think this approach maybe achievable by trading the High impact news. I would like to try this in demo account. Is there any thread on news trading? Anyways i am interested to learn how to trade the news. But i personally think it is difficult to achieve 100% by risking 50%. I prefer the "As Simple As Possible:00 level trading". The link is below. I am also attaching an excel sheet which Udine posted on the thread. I am planning to execute this method in demo account. I think it is more realistic way of trading. It's based on power of compounding. You keep increasing the lot size as your account size increased. The formula is there in the excel sheet. If we start with 1k we will end up making 10k by end of the year.
https://www.forexfactory.com/showthread.php?t=487923
I am also having one more idea. See below for a long position trade. Apply same to short position.. I will try this strategy in demo.
1)Leverage 1:300
2)Trade EUR/JPY & GBP/JPY (High ADR)
3)TDI i.e Traders Dynamic Index Indicator should be Up (in case of long positions) in H4 chart. Should have 1-2 candles in H4 which are already Up i.e White ones.
4)Look at the Daily chart. The TDI will begin to go up. The next day candle will be the 1st Up candle i.e White candle.
5) Place pending orders above previous candle at .00 level using Daily chart
4)SL 17 pips & TP 34 pips
If the above steps don't work in daily charts we can try H4 & H1 combination.. But i feel we should not go below H4 as there will be lot of noise.
I think this approach maybe achievable by trading the High impact news. I would like to try this in demo account. Is there any thread on news trading? Anyways i am interested to learn how to trade the news. But i personally think it is difficult to achieve 100% by risking 50%. I prefer the "As Simple As Possible:00 level trading". The link is below. I am also attaching an excel sheet which Udine posted on the thread. I am planning to execute this method in demo account. I think it is more realistic way of trading. It's based on power of compounding. You keep increasing the lot size as your account size increased. The formula is there in the excel sheet. If we start with 1k we will end up making 10k by end of the year.
https://www.forexfactory.com/showthread.php?t=487923
I am also having one more idea. See below for a long position trade. Apply same to short position.. I will try this strategy in demo.
1)Leverage 1:300
2)Trade EUR/JPY & GBP/JPY (High ADR)
3)TDI i.e Traders Dynamic Index Indicator should be Up (in case of long positions) in H4 chart. Should have 1-2 candles in H4 which are already Up i.e White ones.
4)Look at the Daily chart. The TDI will begin to go up. The next day candle will be the 1st Up candle i.e White candle.
5) Place pending orders above previous candle at .00 level using Daily chart
4)SL 17 pips & TP 34 pips
If the above steps don't work in daily charts we can try H4 & H1 combination.. But i feel we should not go below H4 as there will be lot of noise.
Attached File(s)
Account Tracking FF_V2.xlsx
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