7 losses! But bounced back with 4 wins. Keep on trudging! 45% gains after 2 months and 34 trades.
Thursday, June 30, 2022
Thursday, June 2, 2022
EMA Bounce Strategy
Encouraging results after a month plus. Let's see where this goes!
1. Start with 25k
2. 2 Contracts at any time.
3. 4 pairs at all times - AUD/USD; EUR/USD, USD/JPY, EUR/GBP (these have the lowest spread on IG trading, my chosen platform)
4. Set 8, 20, 50 EMA.
5. Place orders off the bouncing 8 or 20 EMA, in accordance to the 50 EMA trend.
6. SL at the 50 EMA, TP at 1:1.
So far, it's really been 5-10 mins a day, just to set new orders, or adjust existing orders. Gone from 25k to 34k since 25 Apr 2022. 38% in about a month plus, with highly sustainable trading habits - literally 5-10mins a day. In fact, writing this post probably takes longer!
Only problem is I've had too many wins, so I'm not sure if I'll get into another 9 loss streak a la pivot bounce strategy. So far, 15 wins to 6 losses, with no more than 2 losses in a row. Average loss is around 95 pips, average win is around 70 pips (but that includes the 3 trades which I manually closed cos I wasn't sure of the trend - i.e. trades 14, 15 and 20).
Trade safe!
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