Always trade using 5 mins Time frame of chart.
For Buy entry always buy 1 point above the candle closing price & SL would be previous candle low or 30 points.
For Sell Entry Always Sell 1 point below the candle opening price & SL would be previous candle high or 30 points.
Do not take trades using 3 mins Time frame, as there is lot of noise. It works best with 5...
Sharing the simple trend following trading strategy, traders can add their own rules in this, to minimise the losses and maximise the profits. Like below.
1. Go long only if price is above 189 days EMA/SAM
2. Exit position when high or low of previous candle is breached in the opposite direction of the trend.
3. Go long only if price is in up trend on higher...
Inspired by Bradley Sullivan of broken dice LLC
The strategy buys when price has been below 200 MA for more than 50 days and price closes above the 200 MA.
Mostly good for short-term momentum (5-10 days) on $CL but can also catch larger sustained trend moves.
The model uses a time exit of 10 days, traders should experiment with their own risk and exit parameters.
Simple Moving Average strategy for USO - United States Oil Fund . This strategy can be used on stocks and currencies but will need to tweak frequency on chart and backtest Max Draw Down to Net Profit ratios for maximum dollar gains.
