Nope,i am pure male. :-).
If your success rate 60% then you will be winner sure.
i will try to follow your strategy.
Well, thanks for your another reply. I don't know how my strategies going to work in the contest. As this is very short timed contest. I might need to take more risk to chase toppers. But I surely not going to try big risk in first three days(If I last 3 days). I would be happy if you like my strategy.
My 1st order:
Order No: 835348587
Order Type: Sell
Open price: 0.9392
Entry and Exit: I have seen a pin bar candle on the M30 chart of AUDUSD. I have indicated the candle on the chart. It is possible that this pair might retrace as it opened lower on the day. I have set TP and SL at such a level that the risk and reward ration is kept at 2:1.
Money Management: For the trade my maximum exposure is 2%. First up I decided to take small risk.
Though I am late to put the information about my next orders here those are:
My 2nd order:
Order No: 835348778
Order Type: Sell Stop
Open price: 0.9388
Entry and Exit: News trading as HSBC Manufacturing PMI (Jun) of China is going to be released. TP was set and I decided to close the trade manually If trade goes wrong.
Screen Shot: It is given with my first order.
Money Management: For the trade my maximum exposure is not set as there is no SL. I will close the trade manually if price goes against the trade.
---------- Post added at 08:10 AM ---------- Previous post was at 08:03 AM ----------
My 3rd order:
Order No: 835348706
Order Type: Buy Stop
Open price: 0.9408
Entry and Exit: News trading as HSBC Manufacturing PMI (Jun) of China is going to be released. TP was set as well as SL for this trade to exit.
Screen Shot: It is given with my first order you can find it.
Money Management: I exposed 2% of my invest for this trade as SL is place very closed to open price. I have decided to do it as nobody knows in which direction news can go. So better to expose less money for loss.
Results of Previous Trades:
1st Order: It hit the SL and the net loss from the trade is 200$ or 2% of my invest.
2nd Order: Price moved higher and it did not trigger so I closed the pending order manually.
3rd Order: It triggered and hit the TP immediate after news release. It brought me 200$ profit.
So far sum of profit and loss is zero.
My 4th order:
Order No: 835352076
Order Type: Sell
Open price: 0.9439
Entry and Exit: I have seen a pin bar candle on the M15 chart of AUDUSD. I have indicated the candle on the chart with an red arrow. Here I have initial profit target of 20 pips or 2000$. SL is also set for the trade.
Money Management: In this trade I have decided to take little bit more risk. I have exposed my 20% equity for the trade. If SL is hit it would incur me 2000$ loss. I have set TP to 20% profit level too. If strong bearish trend is seen I might move the TP position to lower level to increase profit. In slow movement I might close trade manually.
Very Soon I have to leave for my work. So probably I won't be able to update. In order to continue my trading I have made few modification to order no. 4. Those are
1. TP is moved to 0.9379 means profit target of 6000$
2. SL is moved to 0.9499 means maximum loss is 6000$
I have placed 3 sell stop orders of volume 25. All those have TP at 0.9379. Those are
Order No.: 835353891
Open Price: 0.9424
Order No.: 835353934
Open Price: 0.9409
Order No.: 835354004
Open Price: 0.9394
I have placed 3 Buy stop orders of volume 25. All those have TP at 0.9499. Those are
Order No.: 835354047
Open Price: 0.9454
Order No.: 835354070
Open Price: 0.9469
Order No.: 835354092
Open Price: 0.9484
I am sorry I could not update my trading as I was outside. Whatever before the Existing Home Sales data release I opened two order those information are given below
Order No.: 835383884
Currency Pair: USDJPY
Type: Buy Stop
Open Price: 102.00
Take Profit: 102.10
Stop Loss: 101.90
Order No.: 835384086
Currency Pair: USDJPY
Type: Sell Stop
Open Price: 101.85
Take Profit: 101.75
Stop Loss: 101.95
The pair shown no real movement after the data release so I closed these two trades manually.
My blog : http://blog.mt5.com/topman/
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