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WHAT IS AN ATR RISK REWARD MANAGEMENT PLANWHAT IS AN ATR RISK REWARD MANAGEMENT PLAN 1- Maximum per trade risk = 2% use a position size calculator 2- Stop Loss = ATR x 1.5 3- 1st TP = ATR x 1 4- Use two positions - each 1/2 total of trade risk (1%) 5- Both positions use hard SL - ATR x 1.5 6- 1st position uses hard TP - ATR x 1 7- 2nd position uses a trailing stop for TP 8- After 1st TP hits move 2nd trade SL to break even 9- Follow stops on 2nd position as it runs 10- Don't double leverage a currency (buy Ca/J and sell U/Ca don't double up) 11- 1st TP hit but price drops: use Heiken Ashi changes color exit 12- Price does not hit 1st TP and drops: if my entry strategy changes direction then close trade to not hit hard SL 13- Shut down trade before hugh news events
Short
by Tradingstrategyguides
Cyatophilum Bands Pro Trader V4 Hello, This version includes a new feature, engineered to increase profitability. About the backtest below: Short + Long Strategy 0.05% Commission 10% of 10 000% equity per trade. Net Profit can be increased with a bigger % of equity. Strategy data from 01/11/2019 to 30/04/2019 The Cyatophilum Bands, Trailing Stop Loss and Take Profit System are explained in the last version: The access to this indicator and its Alert Setup version are included in the Cyatophilum Indicators pack available on my website blockchainfiesta.com To get a free trial, leave a comment, thank you.
by cyatophilum
BTC – A Subtle Art of Setting Stop LossesHi Guys! We are sure many of you lost money being discarded from your positions even though you correctly predicted the general direction of the price. It happened to us as well . Many times. After such event, you feel bad and temporarily freezes from entering the new position because of the fact you feel insecure and you lose your self-confidence . Unfortunately, many untrusted exchanges take their position in granted . They see the whole order book and they see our stop losses. The art of setting them properly is to set them where no other participants do the same. In such a place, it is very likely our position maintains and we earn money together with manipulative participants of the market. Unfortunately, that’s the way it is. The same happens on forex but not in the exchanges but on the brokerage level. Please take a look at the charts . Everything is described there. Please let us know what you think? Do you have any other interesting strategy? Remember set your stop-losses at the least obvious place . Thank you for reading and your time. MASSIVE Hugs! WBM Team.
BITFINEX:BTCUSDEducation
by WBM_Team
1
OMG long opportunityOmg, omg, omg. I like this chart. I don't know much about OmiseGO as I'm trading mostly charts and not names. Chart is having good looking rounded bottom here so it might be nice investment opportunity as well a trade that I'm setting up. I don't recommend investing in any Alt before doing some serious Fundamental Analysis on the coin you want to invest in. So do some deeper research if you like a coin. You really don't want your coin to get delisted from a big exchange few months after your buy it. Most of the time it falls down like a stone before you even notice it. Believe me. I've done it many times :D Here is the plan for the trade --> I'm waiting for the price to break the resistance line and stay above. Most of the time they turn into support lines ones they are broken and I expect at least one retest after it. So I'll put stop loss below this line and try to get even tighter stop than on the chart. For long term hold I would set looser stop loss - below 0.00030700. You can increase/decrease the risk by moving stop. Or with the size of your position. You can choose what is the most likely reward. Overall 1:7 risk/reward ratio as presented on the chart seems reasonable. This is in case you sell everything on second target. So this set up only needs to work one out of seven times to make long term profit. __________________________________________________________________________________ If you've found something interesting here you can like this idea or smash the follow button! Other ways to support my work if you choose to: --> Sign up on Binance with my Referral Link: www.binance.com --> Sign up on BitMEX and get 10% discount on all fees for 6 months after you sign up using this Affiliate Link: www.bitmex.com The supporters will get all the help you need to learn how to use different trading platforms AND understand risk management in trading via Private Messages, Discord, Skype... I'm sure most of the best traders will agree that risk management is the single most important subject you need to understand very well when it comes to trading or investing. Without this you can easily blow off your account. You can also make a donation on one of my addresses: BTC: 12qe5buhPQTAEnqmMYBNafymePd9BAgqJT ETH: 0x134c60f13c48fe1ea48b10f980a2c68070f1bf82 LTC: LTuRNgXDU2ojj7DseX4GRhQcFyJzXo82mn But again - you can instead start on Test Account and make a goal to be at least break even after 50, 100 maybe even 200 trades. Or at least for some months. Here is one example: testnet.bitmex.com Let me know if there is any specific subject you would like to discuss!
Long
by Metiu
AUDCAD (1D): Possible short positionAUDCAD (1d) can break north or south. The position here is very tricky. Long squeezes of momentum and ATR resistance can be followed by price going either way. At this time only, there's more on the chart suggesting probability for the south. On the last bullish limb up to 3rd Dec 2018, price retraced down to a 76.4% Fib before a struggling recovery from 1st March 2018 of a 50% fib. This latest retracement noreth looks weak - but of course strange things can happen. My probability estimate is for the south. How wrong I am will be limited by a stop loss. No pain, no gain. :)
Short
by Captain_Walker