Hi guys,

New to the site and loving it!!

Been using demo accounts for just over a year, and now I'm testing my strategy that I will 'go live' with.

So I've put my results of this strategy up here so people can have a look, I'd like to get some feedback if anyone's got time.

My goal is to double the balance on a 10k demo account, I think this will prove my strategy works? As you can see I am half way there.

Please have a look at my portfolio.. it's great to be here!

A brief / simple description of my trading strategy:

Used methods, tools and indicators in order of significance:

Trend
Multiple time frame analysis
Horizontal support and resistance
Exponential moving averages x 4 (20, 50, 100, 200)
Bollinger bands x 2 (Standard deviation 1 and 2)
Fibonacci retracements (23.6, 38.2, 50, 61.8)
Trend lines and channel lines


Trade entry:

Trades will always be made in correlation with the directional bias / trend.
The trend is defined by the of the 50 and 100 EMA's on the 15 minute chart, and is confirmed by both the 15 and 5 minute charts signaling the same bias.
Secondary conformation of the trend can also be shown by candles consecutively closing between the inner and outer bollinger bands.
In trending market conditions, wait for short term counter trend price reversals, and then sell on resistance and buy on support after these reversals on the 5 minute chart using the 1 minute chart for timing references.
In ranging market conditions on the 15 minute chart, wait for counter trend price movements to trends on the 30 minute and 1 hour charts. Sell on resistance and buy on support on the 5 minute chart using the 1 minute chart for timing references.
Support and resistance is defined by any of the following (in order of significance) - horizontal (static), dynamic (EMA's), fibonacci levels (23.6, 38.2, 50, 61.8), outer bollinger bands and trend lines / channels.
EMA's are given significance based on their period. The higher the period, the higher their significance.
If two or more types of support or resistance occur at the same price, it will be regarded as a high probability setup.
If two or more types of support or resistance occur in different time frames at the same price, it will be regarded as a very high probability setup.

Trade exit:

The trade will be exited when a risk reward ratio of 0.6:1 is achieved, The nearest support or resistance if the price moves to session highs or lows, or when the stop loss is hit.
If the trade goes in to profit but then falls back, it will be exited at -4 points plus spread.

Money management:

All trades will have a stop loss of 10 pips, or just above or below support and resistance that is no further than 12 pips away from market price.


Thanks!