I look for trade opportunities that have a minimum of 1:2 risk:reward ratio, and always use SL and TP targets, even if they are not reached before closing the trades. My trading system is a mix of real time price action and indicator confirmation. I always use a stop loss and take profit. Lot sizes are always .5% to 1% of my own account balance so that you can adjust your lot sizes according to your risk tolerance. I will rarely open more than 4 trades at a time and do not use any martingale with the strategies that I trade on this account. Generally I only have one trade open per pair, however this system is not always FIFO compliant. If you are in the US, consider using ATC Brokers or FXChoice if you want to get around stupid FIFO rules. My goal is to keep floating equity drawdown less than 5% forever. I do not use scalping strategies on this account so a little slippage on execution should be no problem. This is account is with ATC Brokers and I assume that the least amount of slippage will occur if your account is also with ATC. Please message me with any questions. I only speak English.
Open Date | Close date | Symbol | Action | Lots | SL | TP | Open | Close | Pips | Profit | Duration | Gain |
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5.7 |
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-54.5 |
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0.0 |
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101.3 |
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-82.0 |
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25.4 |
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0.0 |
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50.7 |
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0.0 |
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1.7 |
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