Hi All,
My new strategy for trading is using US Index daily chart only as indicator (this is plus MACD 24,52,8) for the trend of major pairs (i.e. EUR/USD, USD/CHF, GBP/USD & XAU/USD).
I’ve been trying this method for 2 consecutive weeks so far and the results are good so far.
Now, advice me for improvement or give me your feedback. would much appreciate if you do so.
Thanks
AMoussa
Hi AMoussa,
to be honest you can barely call those few lines a “strategy”.
How is your risk management?
What R:R are you aiming at?
What is your worst case scenario?
Are your setup rules clear without any open questions on what is and what isn’t worth a trade?
etc. etc. etc.
in short: Have you written out your trading plan?
And as a advice, try to test a strategy at least a few months to see what it does in different market conditions (2 weeks on daily charts gives you 10 opportunities max per pair, statistically it is hard to determine if the strategy is “good” on those little figures)
Good luck!
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