ilmscore | 1HR Trading Strategy For Forex | Simple Strategy For Currency / Crypto Trading

1HR Trading Strategy For Forex | Simple Strategy For Currency / Crypto Trading

Published: 2022-04-15
Status: Available | Analyzed

Predictions from this Video

Total: 11
Correct: 0
Incorrect: 0
Pending: 11
Unrated: 0
Prediction
Topic
Status
Over a year of trading the Dollar Swiss using the described strategy with a 15 pip stop loss and a 1.4:1 reward-to-risk ratio resulted in a 70% win rate (35 wins, 15 losses) and a 28R (28 times the risked amount) return.
"using exactly what i've taught you stop loss of 15 pips below or above the pattern with a one point four to one reward to risk ratio we produce 35 wins 15 losses for a 70 win rate and 28r"
USDCHF
Pending
The described trading strategy was applied to Bitcoin, resulting in a trade that hit a 2:1 reward-to-risk ratio target.
"we do in fact push up and actually hit that target at a two to one rewards risk ratio"
BTC
Pending
For double bottom trades using this strategy, a 1.4:1 reward-to-risk ratio is used for targets.
"and for our target as i said before throughout all the examples here we're going to go with a 1.4 to 1 reward to risk ratio"
USDCHF
Pending
For double top trades using this strategy, a 1.4:1 reward-to-risk ratio is used for targets.
"and with that 1.4 to 1 reward to risk ratio as you can see price easily goes down to hit that target on this specific example"
USDCHF
Pending
For inverted head and shoulders trades, targets can exceed the standard 1.4:1 reward-to-risk ratio, as demonstrated by a specific trade reaching over 2.8:1.
"but as you'll see in a second for this specific trade i actually got multiple targets and ended up with a much higher than 1.4 to 1 reward to risk ratio"
USDCHF
Pending
A 15 pip stop loss is used for inverted head and shoulders patterns, placed below the head of the pattern or the lowest low of a double bottom.
"i do a 15 pip stop loss under the head of the pattern or under the lowest low of the double bottom"
USDCHF
Pending
For double bottom trades, a 15 pip stop loss is placed below the lowest low of the pattern.
"we're going 15 pips below the lowest low of the double bottom"
USDCHF
Pending
For double top trades, a 15 pip stop loss is placed above the high of the pattern.
"we're going to be 15 pip above the high stop loss"
USDCHF
Pending
A significant red candle indicating increased selling pressure could signal an exit from a long position and a potential switch to a short position on the Dollar Swiss.
"if we get a big ish red candle that shows a little more selling pressure than this i'm exiting this trade and probably switching my position from long to short"
USDCHF
Pending
For cryptocurrency trades, the stop loss is set at one Average True Range (ATR) below the pattern's bottom, with an example showing an ATR of $400.
"for cryptocurrency i just go one atr below the bottom so at this point the entry candle would be here which is about 400 dollars so the atr of this candle is about 400 and the way i'm getting that is looking right up here at my atr indicator"
BTC
Pending
For cryptocurrency trades using this strategy, a minimum of a 2:1 reward-to-risk ratio is set for targets, differing from the 1.4:1 used in forex.
"and a 1.4 to 1 reward risk ratio as we've been doing and actually i changed this up in cryptocurrency i set a minimum of a two to one reward risk ratio when trading the strategy"
BTC
Pending