dear GG sir, great analysis from you about how to trade with sl by following trend.
previously i made losses from option trading. now currently i build my own systems (2 sys) with set of rules. to get confidence on my system now i trade with little capital in live on equity and silver.
i uses a mt4 indicator (kauffman) for trade signal and 54dma for trend in 5 min time frame. i took trades only on trend. if signal give against trend i ignore that. and sl was as indicator and dma what was near and close of candle .
and target divide as 3 parts-- 1st @ 0.35%, 2nd @ 0.80%. rest as tsl. i never took trade if sl and trigger price difference more than 0.35 %.
now from past 2 trading days i am also testing price breakout trading in 15 min chart with out following trend. when price break any candle Hi/Low i placed trade order above 0.05%, and put sl order as previous candle Low/Hi with difference of 0.05%. if trade was going i change my tsl according to following candle. in this there is no target but i continue to change tsl. after close of trade. i will wait next candle close for trade.
both sys giving fine results (losses and profits), but i can't confirm which i want to follow.
these are my rules currently following. can you give any suggestions or changes to me.
previously i made losses from option trading. now currently i build my own systems (2 sys) with set of rules. to get confidence on my system now i trade with little capital in live on equity and silver.
i uses a mt4 indicator (kauffman) for trade signal and 54dma for trend in 5 min time frame. i took trades only on trend. if signal give against trend i ignore that. and sl was as indicator and dma what was near and close of candle .
and target divide as 3 parts-- 1st @ 0.35%, 2nd @ 0.80%. rest as tsl. i never took trade if sl and trigger price difference more than 0.35 %.
now from past 2 trading days i am also testing price breakout trading in 15 min chart with out following trend. when price break any candle Hi/Low i placed trade order above 0.05%, and put sl order as previous candle Low/Hi with difference of 0.05%. if trade was going i change my tsl according to following candle. in this there is no target but i continue to change tsl. after close of trade. i will wait next candle close for trade.
both sys giving fine results (losses and profits), but i can't confirm which i want to follow.
these are my rules currently following. can you give any suggestions or changes to me.