I'd like to share trading plan I have been trading for 3 months on EURUSD, EURAUD, EURJPY based on combination of trend following indicators and momentum indicator.
Entry conditions consist of elementary indicators like MACD, OsMA and RSI. Stoploss is calculated from ATR.
It has also good historical results for last year.
Trade Number x Balance ~ last year (screenshot taken from MT4 tester report) Vertical line marks the time when I started to trade it live.
Trading rules (screenshot taken from normanslab.com)
Profit x Time ~ last year
Principle of strategy is the same for all pairs however as you can see their parameters are different and position management as well.
I embraced semi-automatic approach of trading this - signals are opened automatically (so I don't miss opportunity) but I sometimes jump into managing position.
And of course I watch news related to currency pair traded. In case of really high impact event I pause trading.
Performance of strategies is getting weaker last month (see the chart). I will keep the system as it is but I'll choose probably slightly different version (indicator thresholds and position management).
Enjoy! Any feedback/improvements/recommendations appreaciated.