hi all,
been a long time back testing the metals and finally settled on a simple strategy. please note that this is the first live test so do take this with a pinch of salt as of now, lol. i shall put in my trades and thoughts as and when i enter/exit trades and see how it goes.
chart period - 1 hour (base chart, reference chart, signal chart etc) - no other time frame
sma - 50 and 200 (semi naked chart - no other indicators)
all are mini lots and all on nrml and no lots on mis even if square off is done on the same day.
traded metals are alumini, coppermini, leadmini, nickel mini, silvermini and zincmini.
entry buy trigger - when candles over 50 sma and after 50/200 sma crossover has clearly occurred.
no stop loss or target - both dictated by crossovers.
exit trigger 1 - if small profit - at time the price candles form below 50 sma and 50 is dipping
exit trigger 2 - if decent profit - at time of crossover of 50/200 sma
caution - do not trade when price candles between 50/200 sma (due sideways/consolidation etc) unless running profit is large enough to risk a bit of it.
simple enough i guess - let us see how good the live testing goes.
my starting capital is 42000 and my monthly target expected is anything above 5% which i feel is good enough- ie 2100 profit approx (ie on a 20 day average month - it works out to say 0.5% ie say 100 on an average).
ill give it a month or a few before expanding the account.
i shall be using the full capital most of the time. try not to leave my capital idle if trades are available.
the testing is live and nothing else matters, lol.
been a long time back testing the metals and finally settled on a simple strategy. please note that this is the first live test so do take this with a pinch of salt as of now, lol. i shall put in my trades and thoughts as and when i enter/exit trades and see how it goes.
chart period - 1 hour (base chart, reference chart, signal chart etc) - no other time frame
sma - 50 and 200 (semi naked chart - no other indicators)
all are mini lots and all on nrml and no lots on mis even if square off is done on the same day.
traded metals are alumini, coppermini, leadmini, nickel mini, silvermini and zincmini.
entry buy trigger - when candles over 50 sma and after 50/200 sma crossover has clearly occurred.
no stop loss or target - both dictated by crossovers.
exit trigger 1 - if small profit - at time the price candles form below 50 sma and 50 is dipping
exit trigger 2 - if decent profit - at time of crossover of 50/200 sma
caution - do not trade when price candles between 50/200 sma (due sideways/consolidation etc) unless running profit is large enough to risk a bit of it.
simple enough i guess - let us see how good the live testing goes.
my starting capital is 42000 and my monthly target expected is anything above 5% which i feel is good enough- ie 2100 profit approx (ie on a 20 day average month - it works out to say 0.5% ie say 100 on an average).
ill give it a month or a few before expanding the account.
i shall be using the full capital most of the time. try not to leave my capital idle if trades are available.
the testing is live and nothing else matters, lol.