Hi,
I wanna open a new journal where i can place my end of day trades.
The main reason why i trade set and forget at the end of the day is because i have a job during the day.
I will describe my system and the way i trade later.
Ok parameters i use and will update later more.
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I split my trading through 3 orders or 2 depends on the risk reward factor. At the end of day i place the orders each order has a risk of 0.03% of the initial account balance. But the sl sizes varies so does the reward.
I will explain all this later how i do this and what the reasons are why i place those orders there. this are mostly limit orders sometimes stop orders. -
Everday after the candle closes my method gives me points to enter and directionial filter. Which direction best to enter now this is mechinical but i use some discretionairy aswell in it. I try to read after end of day first the main headlines and bullit point what is important happenend during the day or anouncemetns or economic data the next day this i take in to account aswell.
What i trade varies i try to trade mostly the mayors but it depends. I also trade sometimes equities Cfd then or gold oil natgas or other commodities.
My trades sometimes get a set tp or i let them run this varies aswell.