||Technical & Fundamental
||Mixture of EA & Manual
||2nd Jul 2018
High Risk 1 of 3
Learn more about Outside the Box Zero Spread High Risk
My strategies can be found on SignalStart, SimpleTrader, MQL5, and HotForexCopy to copy and at Mt Cook Financial, Darwinex, PsyQuation/AsiSelect, and HotForex to invest in PAMM fund.
Using same strategy and as master account in Early 2017 to daytrade the lower timeframes.
Takes some of same trades as master account at 4x risk and also extra trades intraday.
Use this account to make an alternate source of income, have upside compounding potential at a reasonable monthly subscription price, and yet if you use $500 to $1000 as initial investment, there is far less to lose than to gain with a proven strategy over 24 months.
High probability TimeFrame Synching w/ MACD, Stochastic, RSI, and the Ichimoku Cloud indicator as well as understanding market behavior in each session, market makers strategies, and momentum/flow. Focus is on "mean reversion" and "trend following" indicators.
Candlestick Patterns for double or triple confirmation for entries and exits. Price action (velocity of change and shape) with five main currency pairs: AUDUSD, NZDUSD, GBPUSD, GBPAUD, USDJPY
Stop normally only used during risk events and times of uncertainty. Mental stop loss will be activated after 130 pips. Only on small positions will I rarely allow a loss over 130 pips. Never to exceed 10% loss on any single trade. Once drawdown from High Water Mark over 40% or one trade reaches 9% loss I will hedge or consider scaling out of the basket.
If drawdown from equity high surpasses 40%, new position sizing will decrease until a recovery is well underway.
This risk management allows my volume/position sizing to be maxmised, determined by: hit rate, average win, average loss, and profit generated over the 18 months since inception. The Kelly Capital Growth Investment Strategy also uses this statistical method of growing capital at higher rates.
Maximum exposure of all open trades is 7 lots per $10,000 master account balance. 400:1 leverage. 13 maximum trades open at once.
I scale into positions with a basket of trades when the setup is more favorable. The profit target is usually 0.3% to 0.5% (or 10-15 pips), but I judge sentiment at the time.