i havent tried on OTC. you need something that has good movements during the day but extremely strong movements.
Lingsbord Strategy Works - 2.5BB Deviations
Posted 16 July 2019 - 12:44 PM
Posted Yesterday, 03:12 AM
I have been trading only EURUSD, and i dont monitor the other pairs. Should be at your own risk though.
For me 3-4 trades are more than enough to meet the daily target.
Monday mornings or friday evenings can be different for different weeks. For e.g., one week you will have all OTMs at such times whilst the others you will have all ITMs or a mix of it. Hence the money management comes in play as this strategy is not a 85% and above winning one. I had a decent day yesterday as well as there were a few strong movements but I recovered back due to the money management.
If you want to monitor multiple pairs, you might as well use BB Deviation 3 which has better accuracy than 2.5. Read Tradesmart thread.
All in All, Every strategy needs (i) Caution (2) market awareness (3) Effective money management (not risking more than 2-5 % of your capital)
Posted Today, 08:38 AM
So Three trades for me today, done with my daily target.
No News or major event, big burst outside BB.
Big burst outside BB 3, but i was watching the candle. It burst right through BB 3, then pulled back completely and then again kept dancing around.
Was a clear signal to avoid the trade and this was in between two news events.
The last one where i have marked as 'X' is during the US market opening (outside the recommended hours). The two bursts were ITMs for me.
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