Hi Laine, it is quite a choppy and low volatility environment out there. The only best performers last week were the really low volatility USD/CHF and EUR/CHF.
My system right now is as following:
- Selection of instruments on 4H TF by visual sight
- Filtering on 4H and 1H TF with 60 SMA
- Setup: London window’s Sotch Hook in 15m, better if it is located on round numbers, last WK/Day High/Low
- Trade Management: my initial SL is at about 1/3 of the ATR(22) of the instrument, but it depends on the pair;
Once into a position, I usually trail my stop under the swing low/high on 15m TF. Some time ago I used to move my SL to break even only when the pair reached about 1R in my favor (to leave it some free room and avoiding to be stopped out too soon).
In these days I prefer to move it as soon as the position goes into my favour. This somentimes stops me out or reduce my profit but it increase my win/lose rate.
Last week analysis was as following:
USD/CHF +1.6R, +1.6R, +2R, +2.9R, +0.3R
EUR/CHF +1R, +0.75R, -1R, +0.4R
AUD/NZD -1R, +0.7R
EUR/CAD +0.4R, -1R
CAD/JPY +0.6R, +0.8R
In total is about +10R, having USD/CHF contributing by 8.4R.
Also without it, it could have been +1.6R, not so bad considering the actual situation.