I will start trading Forex Morning Trade tomorrow. I backtested it for some time and it is very easy to set and has very nice profitability. I will trade it on my FxPro account, which I opened through Cashbackforex web to receive some money back...
On my Zulutrade account I went through some tough experience gaining... Margin call:( I lost 400 USD, my account went down to 330 USD. So I added 250 USD and erased all risky providers, also placing hard SL to every Signal provider I use. Since then, I am gaining very nicely. My problem is to stay calm and not try to add risky providers. I promise to myself here that I will not be greedy again!:)
My own trading is going pretty well. I left long timeframe because I realized I am too impatient:) I look at 4hr or 1hr chart but mostly trade on 15 min charts. What I look for is price action, support and resistance, trends... here is an example of my todays trade on UJ. My SL is usually 20-30 pips, TP around 50. So far I have 50% of winners from 259 trades, my winners are bigger than losers though. The overall stats is on Myfxbook on the right side of my blog. I always risk 2-6% of my account...
Hello,
ReplyDeletewhat period MA's are you using?
Cheers,
Lee
Hi Lee,
ReplyDeleteI am using 100, 50 and 30. All simple MA, apply to close. I use them as a moving support/resistance (confluence with price action and other S/R)...