Hi friends. No need to introduce myself as you all know me very well.
Following are my account details:
Account number: 1349129
Investor Password: ho1irzv
Account Name: Toxic
Initial Deposit: 5000$
In this account, I will only trade with 2 pairs i.e EUR/USD and GBP/USD. Indicators I will use will include:
1: Simple moving averages (21 and 200 period)
2: Trend Lines
3: Trend Channels
4: Support and Resistance
5: Fibonnaci Retracement
6: Simple Candle Stick Chart Patterns or simply candlesticks.
Trade Entry Criteria:
My major Indicators on which I will open and close a trade will be Trend Channels, trend lines, support and resistance levels and simple candlesticks or candle stick patterns. Simple moving average of 21 period will serve as a key indicator for Eur/Usd trades.
All other indicators will be used for reference and will help in ammending stop loss and take profits mostly. Hardly a few times, I will use these minor indicators including Fib levels for entry or exits.
Time Frames I will use will be 4 hourly and 1 hourly to enter or close a trade and will use daily or weekly charts as a reference. Nothing else.
My Money Management Policy:
It doesn't matters how much profit or loss I make at the end of the contest but the thing which matters for me is that I wanna prove that I am disciplined enough for professional trading. In this account, I will take a risk of no more than 5% a trade. Whatever happens, I won't increase this risk beyond 5%. Stop loss will usually be around 40-80 pips and take profits will almost be the same as stop losses.
I will keep on updating this thread with all my up coming trades and any ammendment of orders so stay tuned.
If you like my strategy, my trades and my progress or any thing related to my trading of this account, feel free to appreciate me by clicking the button:
Wish you all happy trading.