I have been trading profitably for a while. Not massively so, but the live account balance is growing. The latest batch of EA's from Dottybot onwards are proving consistently profitable.
Last week I traded profitably and manually for the first time using the simplest trading plan imaginable. It is early days, so I cannot yet be sure this profitability will continue.
I am starting this blog as an encouragement to those of you who have not done well in the Forex market - at least until you found SHF. I shall add week-by-week results to post 2. Readers will be able to watch my profits grow if I continue to succeed. I shall trade tiny lots relative to the account size and so will be able to withstand a few weeks of loss if I am wrong. I shall close the blog if my trading plan turns out to be rubbish - or post the trades I would have taken and we can all make a killing by trading in the opposite direction.
You need these if you want to try my plan for yourselves:
- The stripped-down version of Baluda's SUPER CSS-2.0 from http://www.stevehopwoodforex.com/phpBB3 ... 88#p146488 Read what it tells you in post 1 of Bob's thread, if you have been living on Mars these last weeks and not already done so.
- The attachments here - the template will set up the indicators for you.
- Daily charts. Check them around 10 minutes or so into the start of a new D1 candle - Global Prime as the broker if possible.
- Buy trade setup: Monthly and Weekly CSS bars must be green.
- Buy trade trigger: Daily CSS must close red two bars ago and green on the previous candle.
- Use the script that sends an immediate market buy trade, then a grid of 10 buy stops.
- Position exit:
- Profitable position: when the Daily CSS bar closes red. Start the whole process again should this merely be a retrace and the market resumes its ride upwards.
- Losing position: wait until the Weekly CSS bar turns red. This gives the market time to recover; the risk is losing more than if I had closed immediately the Daily turned.
- Exceptional closures:
- There is a lot of profit lying around and I think to myself, "I am having that little lot".
- There is a major news event coming up and I am heavily exposed to a pair it might effect.
- Sell trade setup: Monthly and Weekly CSS bars must be red.
- Sell trade trigger: Daily CSS must close green two bars ago and red on the previous candle.
- Use the script that sends an immediate market sell trade, then a grid of 10 sell stops.
- Position exit:
- Profitable position: when the Daily CSS bar closes green. Start the whole process again should this merely be a retrace and the market resumes its ride downwards.
- Losing position: wait until the Weekly CSS bar turns green. This gives the market time to recover; the risk is losing more than if I had closed immediately the Daily turned.
- Exceptional closures:
- There is a lot of profit lying around and I think to myself, "I am having that little lot".
- There is a major news event coming up and I am heavily exposed to a pair it might effect.
