This is a demo Journal of my updated Do It Yourself Trading - An Art of Probability#8221; egy. An excessive amount of system and indiors out there, I tried, but failed. So I will do it my way!!
Trading Components:
Chart: Candlestick (need only 1 candlestick to concentrate )
Timeframe: Daily
Indiors: Not
Entrance: 3:00 am to 5:00 am (time I usually wake up from bed)
Exit: 5:00 pm to 5:00 am (before punching from work) or (before bedtime) or (before entry time the next trading day) (you have to shut all open position prior to opening a new one)
Stop Loss: None
Free margin amount: 400 percent to 300% (sufficient to competition drawdown volatility of the day)
The Strategy:
Entry Rule 1. Input place in the path of the final candle of the daily chart. (simple as that)
2. ) Repeat rule no. 1 for the remaining pairs until loose margin reached to 400%-300%. (the bigger the better)
3. Same lot dimensions
Exit Rule 1. Simply follow depart element regardless of result (either or - ). (just like that)
It#8217;s like a daily routine. Open transactions once you wake up and shut at bedtime.
This really is a zero sum game. A game of chance. The egy#8217;s success depends on the no. Of daily winning trades than the losing one. The odds of getting more W than L is to have more entries in various pairs, proper lot sizing will do the trick. I will post no chart, only daily results, as I rely mainly to one candlestick. Goal is 50K from 1K, before bringing this upgraded egy to live. (I have a running live account based on this egy but with different trading components ). Again, this can be more on probability and balancing market motion. The world is very stressful. Why complie things? So wish me luck.