Get started

Pipsfordays

Who says you can't trade a 1:1 RR successfully! Hello Traders. Earlier on today I posted this idea. This idea showed me woking the H2 chart on AUDJPY and how long I've been following the trend. That trade is currently running 185 pips in profit at a current 1:5 risk to reward ratio. However if you like to be in and out off the markets or the style showed in the above idea isn't the way you like to trade on this idea I want to show you how adaptable the script I'm using can be! We are on the same time frame H2 but this time the pair is GBPUSD. for this pair I have set the script to run a strategy that is a 1:1 risk to reward ratio working to a stop loss and take profit setup. As you will see from the chart we have four winning trades one loser. Those winning trades have produced 355 pips of profit! I just wanted to show how the script can be used to work any time frame on any pair in any style to suit. This is easy right? No lines, no S&R - no analysis, all I have to do is follow the parameters I have set. The major plus point is I can see it works with all the data within the strategy tester. To which at the bottom of this page you will see the strategy testers results. These results are year to date based on trading 0.20 lots on a £2000 account. For any information on the script in question please drop me a message.
by RichScott
AUDJPY I'm still riding this huge wave! Hello traders I wanted to share my first idea of the day on how our script can be used to trade larger time frames. This trade on AUDJPY on the H2 time frame was a trade entered on the 24th of November and we have been following the trend upwards ever since. Currently at a 1:5 risk to reward ratio. With our strategy you simply execute trades when the script presents them on the chart. This is easy right? No lines, no S&R - no analysis, all I have to do is follow it. The major plus point is I can see it works with all the data within the strategy tester. This helps me and our traders have confidence and belief in our execution. When do we close this? We close on a reverse signal - but you can do as you wish and use the script to trade the way you want. For any information on the script in question please drop me a DM
Long
by RichScott
This is how easy GBPNZD has been to trade in last 5 days Hello traders Just wanted to share an idea on how the script I am using is making my trading so easy and clear. Here is GBPNZD on the 45M chart. Two back to back trades working the script I'm using to a take profit target with a stop loss target. These two trades banked 260 pips in 5 days! All back test data at bottom of page showing results on this pair year to date. Such simplistic trend based trading you follow the signals that present on the chart. Enter the trade, set the stop loss and take profit then let the trade run it's course. This helps remove so much emotions knowing you are working to a proven strategy with all possibles out comes covered. It also prevents you closing trades too early for less profit. I've put some examples of where in the past I would of closed for profit too soon or even worse cutting losses and possibly missing out on any eventual profit. For any more info on the script I'm using then please drop me a message.
Editors' picks
by RichScott
27
The potential when you stay in trades. Hello traders Reviewing some trades I am still entered before markets kick in for the week. Just wanted to share this one and highlight the benefits of running some strategies on longer time frames and crucially gains made by staying in those trades. On bigger time frames I run the strategy I am using with a stop loss and follow trend set up until the next signal presents on my chart. At this point I close the current trade and enter the next one. Here we have a AUDJPY trade that I entered on the 24th of November. Trade is currently running at 182 pip gain. From the back test data this method of trading this pair at these settings on a 2% risk per trade has produced 83 gains on investment year to date. For more info on the script I am using please drop me a message.
by RichScott
CADCHF long aiming for three out of three on this pair. Morning traders. Posted an idea yesterday afternoon on this pair which was in a sell after a successful long trade. That sell landed also and we are now in a long trade hoping for three out of three trades and 76 pips of profit in two days. This is working the 30M chart on a 1:2.15 risk reward ratio. I've been trading this pair since March and the back tested results are at bottom of screen. For more information on the strategy I am using please message me.
Long
by RichScott
1
Euro/Australian Dollar: Possible continuation of the channel!!!My expectative for Euro/Australian Dollar is bullish, because the par formed a bullish channel and that could mean a possible bought on this par. Also, it's interesting what I see in this par. It's so interesting to know it. So, at the moment, I can't to say that we're to up, becuase another possibility is that Euro/Australian Dollar show a bearish pressure. So, beware to trade, it's not reccomend until we broke down the $1.6485 AUD to short or $1.6538 AUD to entry in long position. So, we have these option if we see any break up or break down. Now, more interesting is in Daily that the Fibonacci show a bought for long positon in the 0.618% of Fibonacci. But, we would awaiting that Euro/Australian Dollar make this break up or brea down. So, my expectative is bullish, but I need a good confirmation to entry in this par to trade. We hope this opportunity!!! So, please put 2 alarm alert in the $1.6450 AUD to short position and $1.6538 AUD to long position. You can to use any lines as I show you!!! I will going to updated more this par, just be patience and remember, knowing the price action strategy!!!
by harisonhbn9718
5