General Guideline of the System
Rules 1- Trade with ema direction
Rules 2- enter with macd signal with the
ema direction (short term macd)
Rules 3- closely observe the 2 macd. if long term macd is red and short term macd is
green wait for short term macd to become red then open trade. For buy just opposite.
Rules 4- Don't open trade if at list 1 to 1 Risk reward not present ( This rules is not for all situation but generally we will follow this rules)
Rules 5- Money management Take 1% risk in every trade. I usually take 1 to 3 % risk in every trade. I start with 1% and then add position in profitable trade. If you are new trader take 1% risk for each trade.
Rules 6- Be aware of market condition by using top down analysis. Understanding candlestick is very important.
Rules 7- Be aware about major impact news.
You can also add Trend line breakout for entry and Fibonacci for entry as well as exit.
Rules 1- Trade with ema direction
Rules 2- enter with macd signal with the
ema direction (short term macd)
Rules 3- closely observe the 2 macd. if long term macd is red and short term macd is
green wait for short term macd to become red then open trade. For buy just opposite.
Rules 4- Don't open trade if at list 1 to 1 Risk reward not present ( This rules is not for all situation but generally we will follow this rules)
Rules 5- Money management Take 1% risk in every trade. I usually take 1 to 3 % risk in every trade. I start with 1% and then add position in profitable trade. If you are new trader take 1% risk for each trade.
Rules 6- Be aware of market condition by using top down analysis. Understanding candlestick is very important.
Rules 7- Be aware about major impact news.
You can also add Trend line breakout for entry and Fibonacci for entry as well as exit.
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