Hi everyone, this is my first trade idea posted up here so go easy on me. A quick background on me, I have spent a lot of time testing lots of indicator combinations manually back testing until i have come up with something that works loosely based on the No Nonsense Forex method. Essentially it is a swing trade system taking some off the table at 1ATR and letting the rest run with a break even stop until i receive an exit signal. I have been having some good success for the last 3 months and would love to post some of these trades up here for everyone to see.
Todays trade was on the USDCAD. The indicators tell me it may be out of steam and i am now looking for an upward move. Initially i open 2 equal sized trades. One has a TP at 1xATR with both having a 1.5xATR SL. I set the lot size for an overall risk of 2% if everything goes wrong and obviously that becomes 0% when we move to break even and i take the 1 ATR profit. Lets see how it goes!
Todays trade was on the USDCAD. The indicators tell me it may be out of steam and i am now looking for an upward move. Initially i open 2 equal sized trades. One has a TP at 1xATR with both having a 1.5xATR SL. I set the lot size for an overall risk of 2% if everything goes wrong and obviously that becomes 0% when we move to break even and i take the 1 ATR profit. Lets see how it goes!