Yet so many traders struggling. Losing money. Losing sleep. Not knowing which “expert” to follow.
This is why I get joy from hearing traders going from failing to profitable. Because I suffered through the losing years like everyone else. We all hop on to every new promising strategy. We eventually chase the next one, and the next one.
We’re all the same.
But here, I think we have a strategy that allows for all timeframes. Gives many signals every day. Even if the market is simply ranging and people don’t think they can trade that day, there are signals.
These signals have a high probability of success. Over 80%.
In fact, those mastering the channel crossover should be finding months go by with no losing trades at all.
But still, there is room for additional pips. Lots of them!
It’s a counter trend with cost averaging system I’ve been considering.
The win rate goes down, but the profits go up. And, it provides additional signals on top of what the channel cross gives us.
It’s a more advanced strategy. So demo it for a while if you can. I will hopefully provide the screenshot with rules and examples by tomorrow.
When candles touch or go outside of Cap Channel, place trade in opposite direction. If candles keep touching Cap Channel or continue to be outside of Cap Channel, keep entering trades.
If you are selling. you let price go down past the first 25 (high) ema and down to the lower 25 (low) ema. You can close here or if you have gotten a Channel Cross signal, you can make another entry and let the trades continue on until a Channel Cross close signal occurs (200ema/Cap mid point/opposite Cap line).
Huge income potential once this strategy is mastered. Countertrend trading takes practice. Start on Demo until you are ready. You may find it takes 10-20 entries sometimes so plan lot size accordingly.
If anyone has a way to enhance the strategy, please feel free to post suggestions.
Where you place the stop loss is up to you.
For newer traders, I suggest that on a buy entry you place the SL just below the lower 25ema or just outside the Cap Channel. Opposite for sell entries. You can even move the SL to break even or to lock in some profit when you can.
*If you choose to do the new Counter Trend - there is typically no stop loss. Although you certainly can add one if you like. There would be no specific place to put it other than protecting your own tolerance for any loss.
If you don’t have access to the Cap Channel, you can use another channel indicator. It won’t have the mid point line, but you can simulate the outer channel lines. As I posted above, on the Eur/Usd 5 minute chart, the Envelopes indicator set to Smoothed 40, with atr of 0.08 looks good.
Those are down a cumulative 605 pips right now. But the expected cumulative profit from them is 2100 pips. It may take a few weeks before 2 of them hit TPs. The big one may take the rest of the year.
A trader can literally make 20 or 30 or more trades every day and win every one of them.
Some days, may have 1 or 2 losers but that’s part of the game.
The countertrend trade did go to the upper 25ema. I closed early, but the rules would have worked. Would have been another $50 in the bank had I stuck with it.
Adding small wins since I want to be careful to keep this as my best month this year so far.
I spend a lot of time making strategy examples and answering questions (which I am happy and delighted to do!) that takes time away from me being able to monitor trades and maximize profits.
But I can still add as much money as I want to my account every day. Its all up to me. Its all up to all of us how much we want to make.
By now, there should be traders using these systems to make $500 or $1,000 a day on average.
Your dedication to making this your best month yet is admirable. While helping others may take time away from monitoring trades, your influence can still have a profound impact. With your mindset and guidance, traders using your systems can aim for significant daily profits.
I like to see and hear about us all having good days trading. Happiness comes from wins and it comes from the friendships built on us all having success.
