This is the area where I will collect and record the results of my trading system as required by the method as described below.
The Method:
In order to understand if a system works or not, one must specify it clearly, in advance, and when prepared, trade it attentively for a defined amount of time and without departing in the defined rules. Then investigate whether the inner mechanisms of the system are secure or not, and according to the results correct or enhance it.
That is nothing else than the scientific egy:
1. Problem =gt;.... Detect a new trend in order to trade it gt; repeat the wave once you view it. 2. Hypothesis =gt;.... A trend, like a wave has its own length and we want to trade in its leadership for a maximum.... Amount of time. For this, we must input the earlier possible and remain with it as long as the trend
.... remains valid. A trend is detected when the current price is greater (for an up trend),
.... Or lower (for a down trend) compared to its recent historical value =gt; Surf the wave the longer you can
....... But it's OK to float from time to time and much more...
3. Experiment =gt;.... Place the hypothesis at work by doing real trades =gt; Quit talking and go surfing... 4. Data =gt;.... Collect and analyze the results in a journal =gt; See the videos and also have fun... 5. Improve/Correct =gt;. Keep what works, remove what doesn#8217;t, add new ideas and go to stage 3 gt; Boost your surf...
As a trader, I've identified 2 jobs and targets for me:
1. To utilize this method with the goal of determining if my system works or not.2. To respect the trading principles in almost any circumstance as not doing so will invalidate the initial aim.
The System:
That is a journal where I want to list my trades and performances so that I #8217;m willingly not exposing the entirety of my machine . That being said, I will give a word about its general mechanisms so perhaps you get any inspiration out of them but as you will see, there's not anything new here, this is just trend after in its purest form. How to detect a new trend and enter a transaction.
This is done by the exceptional analysis of current price and previous prices. No elaborate indior is used here. After the price is greater that it has been for a specific time period, there's strength and we could be in a new up trend so we want to buy. After the price is reduced that it has been for a specific time period, there's weakness so we might be in a new down trend and we want to sell. So in short, and to the contrary of a lot of dudes out there which attempt to buy low and sell high, I buy high to market higher and sell low to buy reduced.
- The best way to remain in the trend for a maximum of time?
When a new trend is detected based on stage 1, we input and when the trend reverses, also as specified in stage 1 we depart, and as absurd as this new trend could seem at the beginning, I initiate a trade in the opposite direction. It appears simple and it is, and this is the gist of the system. -
The Design:
Technique =gt; Price action.Indiors =gt; None.Pairs traded =gt; EURUSD, CADJPYTime frame =gt; 1 hour and up.Stop reduction =gt; None, the principles say when to depart.
The Inspiration:
Be patient.Respect the risk and stay humble.Avoid being involved plogically.Follow the principles rather than the conclusions or fear, greed or hope.Give focus on detail.Don't expect to be right every time and when incorrect, take your losses and move on.Leave the agitation for the others, instead trade slow, become a turtle.React to price movements and follow, price says it all, no need for a story.Buy Power, Sell weakness.Rest and also have good sleep.
Done talking the talk, let us walk the walk...
.
The Results:
Month.... Start Balance.... End Balance... Profit.... Return.... Pr Factor... Win Rate... Appreciation April 18. . ... $169... $280 ... $111... 65.7%. . . ... 2.53 . ... . 50.0 percent.... Luck May 18... ... . . $280... $620... $340... 121.6 percent... 2.53. ... . 52.5 percent.... Luck
.
ShortCuts:
.
Season 1The Lucky Episode 1 - The Luck of the beginnerThe Lucky Episode 2 - A bit more than just luck