Thanks for the indicators posted. I have traded using demark indicator only and my account grew 16% starting from 27 November trades. open 3 lots per pair. Trading 9 pairs now. take profit set to 3 different targets set by the demark indicator. my SL for short is the previous Highest High and long is the previous Lowest Low.
AUDUSD 80 pips
NZDUSD 262 pips
USDJPY 13 pips
USDCHF 287 pips
EURUSD -73 pips
GBPUSD 498 pips
GBPJPY 135 pips
GBPCHF 126 pips
EURJPY 541 pips
Not bragging about results here. just to inform that simply by trading the demark indicator only its possible to make this kinda pips. Couldnt attach my HTM file here...wonder wats wrong with it....
How i enter a trade. I will open 3 positions each per pair with 3 different profit targets.
If the Hourly bar closes above the thick red trendline, I will enter a buy position on the next open bar. My SL will be the previous Lowest Low. When i open trades, i will immediately look at the trade targets. There is 4 targets set by the demark ind but i only choose 3 out of the 4; (u will notice that 2 of the targets nearly have similar values, u choose either one)
When my first target is reached, what i do is i move my 2nd position SL to +15 pips and my 3rd position to Breakeven and i let the trades run. I might move both SL to +50 when i see more than 100+ pips floating for GBPJPY/GBPCHF per position.
For Sell, the rule is the same except that i add the spread to the previous highest high for my SL.
So rite now i only watch the market on hourly basis...
actually i never really look at my laguerre when i enter a position...just the break of the trendline to enter... i never use keltner also...
i only open trades when the trendlines are broken. sometimes the target profit set by the demark is quite near to the open position n market moves quite fast..maybe thats why some trades dont last that long...
I will wait for the targets to be hit...sometimes if i feel the targets cant be reached, i will move my SL to book some profits in case market goes against me..
I hope this info will help.