Hi all traders...
I want to say thanks to this forum and all of you , here i could learn a lot.
I decided to share one my most profitable strategy and help all the people who still are not profitable.
I prefer to use this strategy in the futures market anyway you can use it in others market as well.
Strategy is very simple, i could say easy too .
RULES:
Sell : wait at least 6 candles close under 21 moving average , then wait to see a candle that breaks a positive candle but close as negative .After the negative candle is closed, wait the breakout and sell.
Buy : wait at least 6 candles close over 21 moving average , then wait to see a candle that breaks a negative candle but close as positive .After the positive candle is closed, wait the breakout and buy.
About Timeframe, you can choice the best for yourself. the strategy work very well on daily chart, if you want you can use on 5 or 15 chart but you have to trade only from 9 am untill 12 am and 3pm untill 5:00 pm.
Place stop loss 5 pips far from the previous candle high/low.
Place target with the same value of the stop loss .
R:R 1:1 .
REMEMBER THIS : if you trade as intraday, you must do only 3 trades no more. Dont risk more than 1 % each trade , so you daily maximum drawdown has to be 3%.
Feel free to test and share your trades here, will be a pleasure to help you.
I want to say thanks to this forum and all of you , here i could learn a lot.
I decided to share one my most profitable strategy and help all the people who still are not profitable.
I prefer to use this strategy in the futures market anyway you can use it in others market as well.
Strategy is very simple, i could say easy too .
RULES:
Sell : wait at least 6 candles close under 21 moving average , then wait to see a candle that breaks a positive candle but close as negative .After the negative candle is closed, wait the breakout and sell.
Buy : wait at least 6 candles close over 21 moving average , then wait to see a candle that breaks a negative candle but close as positive .After the positive candle is closed, wait the breakout and buy.
About Timeframe, you can choice the best for yourself. the strategy work very well on daily chart, if you want you can use on 5 or 15 chart but you have to trade only from 9 am untill 12 am and 3pm untill 5:00 pm.
Place stop loss 5 pips far from the previous candle high/low.
Place target with the same value of the stop loss .
R:R 1:1 .
REMEMBER THIS : if you trade as intraday, you must do only 3 trades no more. Dont risk more than 1 % each trade , so you daily maximum drawdown has to be 3%.
Feel free to test and share your trades here, will be a pleasure to help you.
Attached Images