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TRADESMART'S SIMPLE STRATEGY


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#261 hobbyt3

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Posted 23 December 2015 - 06:57 PM

Hallo Thomas Taylor please what is your TP and SL in this strategy at forex? Thanks



#262 ThomasTaylor

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Posted 25 December 2015 - 10:59 PM

Hallo Thomas Taylor please what is your TP and SL in this strategy at forex? Thanks

Although I wouldn't advise it for anyone, I do not place a SL nor a TP. Sometimes, freak occurrences happen with the market and it will all of a sudden fluctuate over the SL then back up to it's original place. I have lost too many trades dealing with the market that way. Instead, I monitor the market myself and determine if I need to get out.

 

Once again, I wouldn't advise anyone to do what I'm doing. I would most certainly advise to set a SL.

 

Also, for my TP, I generally shoot for 6 - 10 pips per trade. With this strategy, I was able to "surf" the trend pretty easily. I even grew some confidence with it and counter traded because the EUR/USD was being predictable that night. But, the overall strategy with trading the trend usually ends well. The few nights I have used this strategy, I have seen nothing but profit. But, I make sure the two moving averages are going in one stable direction before I make an entry point. If they seem to be getting close to each other, and occasionally flipping, I usually won't trade that currency pair. Too much fluctuation.

 

All in all, trade the trend of the currency pair and make sure the trend is dominating. Hit em' at those over sold/bought points.

 

Also, take everything I said with a grain of salt. I'm still new at this myself! Good luck!


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#263 olamiday

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Posted 13 April 2016 - 08:28 PM

Thank you for this amazing strat, first trade in demo

 

The Forex MTN alert is lovely, saves sitting at the screen. I don't even use the MA cross alert.

 

 

 

 

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#264 olamiday

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Posted 24 April 2016 - 03:20 AM

Any way to filter bad trades tradesmart?



#265 BrianC

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Posted 28 April 2016 - 01:41 AM

Any difference between ForexMTN and Vchart? Look the same to me.



#266 Agboalex

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Posted 08 October 2019 - 10:53 PM

Hi Tradesmart,newbie here!!!,great strategy,but please may I know how many signals you get per day?thanks






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Good Morning Trade I took With: TRADESMART'S SIMPLE STRATEGY

By rommark in rommark's Blog (BinaryEasy), on 12 February 2015 - 10:30 PM

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