current daily %2 goal is high. I set that due test is on demo account and I wanted to see if I can manage.
the main point, trade entry should be done with the patterns. that is all for the moment.
- trade duration is short and this prevent trades from market changes.
- trade target is small again this prevent trades from market changes and this is achivable.
- I do not enter Breakout this prevent me from big looses
- my entry is when market is moving against my trade. this gives me + slippage and support low target level.
- there are no certain rules for the trades apart from mind set and daily goal. this make system flexible and adapt new market condition very easily.
- watching news during trading again adapting new market condition very easily.
- average 1/1 R/R ratio.
- trades are under control %100. NO trade & leave, watch and react.
- I am not using hard stop and hard limit. this is handling manually by me. that can be improved and added new features to the semiautomated system.
- on exit slippage is still an issue. due my exit with the price move. this will be monitored when live traded.
- low target may not be wellcome by the brokers but I am also planning to run some other EA s at the same account to prevent that in the case of broker complaints.
- %100 news tracking required.
- %100 chart watching required.