I uses Trend Following Strategy. If you follow my signals, here are several scenarios you will experienced while trading my signals.
Weekly profit: 100 pips (average)
Stop Loss : 25 pips (depends with currency)
Trailing Stop : 20 pip (Move BreakEven [BE] +1 ) , 35 pip (Move [BE] +10 ) , 55 pip (Move [BE] +30 ) , Every 20 additional pips, move BE 20 pips more to Trail
Trading Time : GMT 12 00 - 16 00 hrs
Day Trade , usually trade exits on the day itself
Scenario 1
False Breakout
Worst Case Scenario
Profit : -25 pips
Scenario 2a
Price action hit your Buy/Stop order and starts to move in opposite direction as shown in this diagram
Profit: - ( 5- 25 ) pips , note: my system may be able to identify this kind of scenario and make an early exit before price action hit my stop loss.
Scenario 2b
Price action hit your buy/sell stop order and move in your direction for a short while and went against you with a sharp needle as shown in the diagram.
Profit : - 10 pips to + 1 pips , Note the trailing stop may protect your order from a no loss trade .
Scenario 3 (Best)
Price Action hit order and start to move strongly in your direction as shown in the diagram.
Profit: 30- 150 pips winner
While not every trade will be a winner , however small losses keep your account healthy to fight another day. Small losses and average winners make your account looks good. The winner trade will happen 1 - 2 times fortnight.
