Quote:
Originally Posted by theunder18kid
after reading your blog I discovered that you only trade EURUSD and you seem to gain small profits. isn't your risk too much compared to reward?
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hey under18kid...
i dont think so. i have a 30 pip profit and a 25 pip stop. my strategy historically has had a good win %. i'm not looking for those huge winners like some people do. i rather simply go for the quick day trade and get out. i never hold positions overnight (i like to sleep in peace..haha).
the strategy is based on range filters and i've backtested and have followed it for some time before actually trading it live. it does have its ups and downs, as in any strategy. so i went back and looked at all the trades its done the last year and noticed that by using stochastics in conjunction with its entry signal, i can filter out a lot of bad trades. i've backtested it, and seems to be right on.
this is one of three strategies that i use, so it compliments my other strategies pretty well, you know. so if i can get over 150 pips in a month with this strategy, i consider it a success.
i try to be realistic. i look at it as more of a marathon than a quick sprint. if i can slowly build up my account and increase my lot size accordingly, i should be sitting pretty down the road.
good luck!