Testing Martin Momentum Strategy 1-0 27 Pips
This is my first Testing with the Martin Momentum strategy and it was a successful one to start on 07/01 and exited trade 07/02 before it hit stop profit for 27 pips! Looking to start this journey and follow this wonderful strategy! Will keep on posting these results with these 6 wonderful indicators!
Rules of the Martin Momentum Strategy:
Long Trade:
1. Green Stochastic background
2. Green Stochastic line above Red (Below 50% line)
3. At least two Green bars on Trend Meter
4. Price closes above BLUE Momentum Line
5. Resistance is away from entry (look left no resistance)
6. Place stop loss at lowest wick in 8 candles
7. 1:1 RR trade to find TP
8. Enter trade
Short Trade:
1. Red Stochastic background
2. Green Stochastic Line below Red (Above 50% line)
3. At least 2 Red bars on Trend Meter
4. Price closes below Blue Momentum Line
5. Resistance is away from entry (look left no resistance)
6. Place stop loss at lowest wick in 8 candles
7. 1:1 RR trade to find TP
8. Enter trade
Once in trade:
Move stop loss to 12.5% TP once at 25% of TP
Move stop loss to 25% TP once at 50% of TP
Move stop loss to 50% TP once at 75% TP
Move stop loss to 75% once at 90% TP
trade closes at 100% TP
Rules of the Martin Momentum Strategy:
Long Trade:
1. Green Stochastic background
2. Green Stochastic line above Red (Below 50% line)
3. At least two Green bars on Trend Meter
4. Price closes above BLUE Momentum Line
5. Resistance is away from entry (look left no resistance)
6. Place stop loss at lowest wick in 8 candles
7. 1:1 RR trade to find TP
8. Enter trade
Short Trade:
1. Red Stochastic background
2. Green Stochastic Line below Red (Above 50% line)
3. At least 2 Red bars on Trend Meter
4. Price closes below Blue Momentum Line
5. Resistance is away from entry (look left no resistance)
6. Place stop loss at lowest wick in 8 candles
7. 1:1 RR trade to find TP
8. Enter trade
Once in trade:
Move stop loss to 12.5% TP once at 25% of TP
Move stop loss to 25% TP once at 50% of TP
Move stop loss to 50% TP once at 75% TP
Move stop loss to 75% once at 90% TP
trade closes at 100% TP
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.