All I want is 20 pips per day strategy.
I am trying to find one that works for me.
I will trade on H1 chart
Indicators:
1. Parabolic SAR (default settings)
2. Exponential Moving Average (EMA 5 & EMA 12)
Long Entry Rules:
EMA 5 crosses above EMA 12
PARABOLIC SAR dot appears below the price candlestick.
Sell Entry Rules:
EMA 5 crosses below EMA 12
PARABOLIC SAR dot appears above the price candlestick.
I am trying to find one that works for me.
I will trade on H1 chart
Indicators:
1. Parabolic SAR (default settings)
2. Exponential Moving Average (EMA 5 & EMA 12)
Long Entry Rules:
EMA 5 crosses above EMA 12
PARABOLIC SAR dot appears below the price candlestick.
Sell Entry Rules:
EMA 5 crosses below EMA 12
PARABOLIC SAR dot appears above the price candlestick.
Is this strategy only for EUR/USD or for any currency pairs?
ReplyDeleteWhat about the SL and TP?
Stop loss above swing high or 50 pips.
DeleteTP 20 pips we exit 50% of the trade and let 50% run until we see reversal.
Trailing stop loss is better.
You can try on any currency pair with smaller spread.
Delete