Quote:
Originally Posted by coastalfx
The simple verson of my strategy is this...
I trade mainly from dailys but do look at weekly and monthlys for further confirmation of the larger trends. I use approx. 2 percent of my account on each trade. I place buy stop or sell stop orders in the direction of the larger trends. I place trades using round numbers like 25, 50, 75, 00.
(this is the rule that I broke yesterday) I place trades only after I have seen at least one full daily bar that is complete going in the direction of the trades I am placing.
I place every trade with a 50 pip trailing stop and I use a 1000 pip stop/loss on each trade. After a trade has run over 100 pips in profit, I adjust my trailing stop to 50 precent of the gains in the trade.
Hope that helps, piphacker.
Thanks for the questions,
Jackie
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HI Jackie,
Is there a more complicated version ?
Also, what lot size are you using?
Glad to see someone having fun being successful!
Thanks
