Due to my working condition I could not trade the 4Hour MACD as I could not be at 4Hour candle closures or watch my trades live. I did some backtesting and have came up with a plan where I can enter a trade with preset stoploss and profit target using the 4H MACD setups TC, BOZ, ZB. I will also start with $125 account and post short videos of each trade.
The backtesting was based on the EurUsd 12:00 and 16:00 candle closure on GMT+0 as well as the EurGbp 16:00, GbpUsd 16:00 and EurCad 16:00 candle closures on GMT+0.
I will only make trades on those times in those Currencies using the three setups from the 4Hour MACD thread.
I hereby would like to show people how they can increase an account based upon solid backtesting and constantly trading the plan as setout.
The Plan
1. I will only make trades on those times in those Currencies as indicated above using the three setups from the 4Hour MACD thread. TC(Trend continuation) BOZ(Break of Zero) and ZB(Zero bounce)
2. The 200sma as well as long term trendlines will be considered in determining stoploss positions as well as profit targets as well as if there is enough room to these levels to justify an entry in terms of risk:reward.
3. The Risk:Reward ratio will be 1:1 except on a Friday 12:00 candle closure signal where the position will be closed just before broker closure for the weekend and take whatever is on the table at that stage.
4. No Friday trades will be taken on any 16:00 candle closure setups
5. A trailstop of 75% of the profit target will be used to bring the position to breakeven when more then 75% of the target was reached but the target itself was not reached.
6. Initual risk will be 10% per trade of the capital available. That will result in increased or decreased position size as the trades are made.
7. Position size is determined on a 10% risk of available capital and the amount of pips risk so that each trade will have 10% risk no matter the amount op stoploss in pips.
8. During Decembers there will be no trades after 20Dec but that can be made earlier depending on the circumstances.
The backtesting as per picture included shows a total of 61 trades over a one year period backtesting with 46 correct trades and 15 wrong trades giving an accuracy level of 75%.
A max of 3 losses in a row was experienced and consecutive wins of 10 was recorded.
With the above as my arsenal I will trade as per the plan.
I will be posting very short videos about each trade. I will try to post the 16:00 candle setups live at entering.There will be approximate 5 trades per month on average.
Please dont make any comments or post any info here. You can discuss the trade on the 4Hour MACD thread itself.
http://www.forexfactory.com/showthread.php?t=14630
The backtesting was based on the EurUsd 12:00 and 16:00 candle closure on GMT+0 as well as the EurGbp 16:00, GbpUsd 16:00 and EurCad 16:00 candle closures on GMT+0.
I will only make trades on those times in those Currencies using the three setups from the 4Hour MACD thread.
I hereby would like to show people how they can increase an account based upon solid backtesting and constantly trading the plan as setout.
The Plan
1. I will only make trades on those times in those Currencies as indicated above using the three setups from the 4Hour MACD thread. TC(Trend continuation) BOZ(Break of Zero) and ZB(Zero bounce)
2. The 200sma as well as long term trendlines will be considered in determining stoploss positions as well as profit targets as well as if there is enough room to these levels to justify an entry in terms of risk:reward.
3. The Risk:Reward ratio will be 1:1 except on a Friday 12:00 candle closure signal where the position will be closed just before broker closure for the weekend and take whatever is on the table at that stage.
4. No Friday trades will be taken on any 16:00 candle closure setups
5. A trailstop of 75% of the profit target will be used to bring the position to breakeven when more then 75% of the target was reached but the target itself was not reached.
6. Initual risk will be 10% per trade of the capital available. That will result in increased or decreased position size as the trades are made.
7. Position size is determined on a 10% risk of available capital and the amount of pips risk so that each trade will have 10% risk no matter the amount op stoploss in pips.
8. During Decembers there will be no trades after 20Dec but that can be made earlier depending on the circumstances.
The backtesting as per picture included shows a total of 61 trades over a one year period backtesting with 46 correct trades and 15 wrong trades giving an accuracy level of 75%.
A max of 3 losses in a row was experienced and consecutive wins of 10 was recorded.
With the above as my arsenal I will trade as per the plan.
I will be posting very short videos about each trade. I will try to post the 16:00 candle setups live at entering.There will be approximate 5 trades per month on average.
Please dont make any comments or post any info here. You can discuss the trade on the 4Hour MACD thread itself.
http://www.forexfactory.com/showthread.php?t=14630