I haven’t had that much experience, but I’ve been doing this pretty much constantly since April this year, I’ve tried many different tradings tactics and crapped dozens of demo accounts + one real account where I lost over 600$. Well recently I’ve been using this strategy.
- Basically look for 21 moving average on the MACD crossing the 55 at a high or low amplitude.
- Then wait for stochastics to make a peak to the opposite side of what you are gonna go with (short or long)
- It works better at 30 or 60m charts, and I use 15min to determine when to start a trade.
- The risk-reward ratio is usually around 1 to 1.5. I know that’s pretty low but I win a lot of my trades using this tactics. In fact out of dozen trades I’ve made so far I lost only 2 and the account size is now around 1.5 times what I started with.
- The logics of this strategy is basically to determine when a trend is going to reverse. That happens when a rally makes a lower high and a lower (or just equal) low which is the point of entry for this strategy
I bet I am bad at explaining this so I’m attaching this picture to explain better. By the way this is just recent chart of EUR/USD and I actually hesitated to make this trade because the uptrend seemed really strong so I missed an opportunity to win around 100-150 pips.
