ABBC3_SPOILER_SHOW
3.2 Which instruments will you trade?
I will trade eight curreny pairs.
These are: EUR/USD, GBP/USD, USD/JPY, EUR/GBP, NZD/USD, USD/CHF, USD/CAD and AUD/USD.
3.3 Which timeframes will you trade?
I will use the four hourly timeframe to determine the trend and the hourly one to enter, respectively exit, positions.
5.1 What is your daily pre-market routine?
My daily pre-market routine comprises:
I will monitor the drawdown on my trading strategy. In the event that this figure exceeds 40 %, I will stop trading it immediately and review the whole approach.
6.7 What is the reward-risk ratio?
A campaign consists of two simultaneously opened (pending) orders.
One of these has a reward-to-risk ratio of 1:1, the second of 5:1.
6.8 What is your risk per trade?
A campaign consists of two simultaneously opened (pending) orders.
For every trade I enter, I will not risk more than 1 % (resulting in 2 %, per campaign) of my account balance.
Utilising ATM, I will use the range of AIMS Box to calculate lot sizes. This ensures, that I won't risk more than the desired amount.
6.9 Where will you place your stop loss orders?
Each (pending) order has an initial stop loss value set. This stop loss will be placed on the opposite side of AIMS Box (long trade: lower level, short trade: upper level) using ATM.
If there are new potential stop loss levels before the trade is triggered (and if all other entry conditions are still met), I will cancel the current pending orders and set new ones, with accordingly adjusted stop loss values.
If there are new potential stop loss levels after the trade is triggered, ATM will handle these via Box Trail.
6.13 Will you lock in profits?
I will not lock in profits.
Instead, I will close one trade of a campaign at a reward-to-risk ratio of 1:1. Hence, the campaign will be at least break even.
6.14 How will you determine your position size?
I will use variable lot sizes, based on the range of the AIMS Box considered for my entries and my account's balance.
This will be achieved by using ATM.
7.1 Losing trades - will you exit before your stop is hit?
No, I won't close any trades before their stop loss value is hit.
7.2 Losing trades - which signals will see you exit early?
None.
7.3 Winning trades - which signals will see you exit completeley?
None.
7.4 Winning trades - which signals will see you close half?
None.
Instead, I will close one trade as a whole, which equals “close half” of a campaign, when it hit its reward-to-risk ratio level of 1:1.
Or, alternatively, when it hit its, meanwhile adjusted, stop loss level.
7.5 Winning trades - which signals will see you close the remainder?
None.
Instead, I will close the second trade (see 7.4 Winning trades - which signals will see you close half?) as a whole, which eqauls the “remainder”, when it hit its reward-to-risk ratio level of 5:1.
Or, alternatively, when it hit its, meanwhile adjusted, stop loss level.
8.1 Which strategies will you trade?
I will trade AIMS - The Hunt.
This strategy combines several entry mechanisms, out of which I will deploy The Setup (corresponding to Stage 1), which is designed for trending markets.
8.2 What are your setups?
A few boundary conditions build my setup:
8.3 How will you find your setups?
I will find the setups that I require by being attracted via Dot Alert (pop-up in MT4).
This is the sign to watch the affected currency pair closely, whether the remaining conditions apply, too, or not.
8.4 Which signals will trigger your entry?
My entries are triggered, when all conditions of “8.2 What are your setups?” are met and price breaks out of the corresponding AIMS Box.
For each Dot color, mentioned breakout is defined slightly different:
I will trade eight curreny pairs.
These are: EUR/USD, GBP/USD, USD/JPY, EUR/GBP, NZD/USD, USD/CHF, USD/CAD and AUD/USD.
3.3 Which timeframes will you trade?
I will use the four hourly timeframe to determine the trend and the hourly one to enter, respectively exit, positions.
5.1 What is your daily pre-market routine?
My daily pre-market routine comprises:
- Analyse and log yesterday's trades (if existent).
- Check for today's (supposingly) high impact news events.
I will monitor the drawdown on my trading strategy. In the event that this figure exceeds 40 %, I will stop trading it immediately and review the whole approach.
6.7 What is the reward-risk ratio?
A campaign consists of two simultaneously opened (pending) orders.
One of these has a reward-to-risk ratio of 1:1, the second of 5:1.
6.8 What is your risk per trade?
A campaign consists of two simultaneously opened (pending) orders.
For every trade I enter, I will not risk more than 1 % (resulting in 2 %, per campaign) of my account balance.
Utilising ATM, I will use the range of AIMS Box to calculate lot sizes. This ensures, that I won't risk more than the desired amount.
6.9 Where will you place your stop loss orders?
Each (pending) order has an initial stop loss value set. This stop loss will be placed on the opposite side of AIMS Box (long trade: lower level, short trade: upper level) using ATM.
If there are new potential stop loss levels before the trade is triggered (and if all other entry conditions are still met), I will cancel the current pending orders and set new ones, with accordingly adjusted stop loss values.
If there are new potential stop loss levels after the trade is triggered, ATM will handle these via Box Trail.
6.13 Will you lock in profits?
I will not lock in profits.
Instead, I will close one trade of a campaign at a reward-to-risk ratio of 1:1. Hence, the campaign will be at least break even.
6.14 How will you determine your position size?
I will use variable lot sizes, based on the range of the AIMS Box considered for my entries and my account's balance.
This will be achieved by using ATM.
7.1 Losing trades - will you exit before your stop is hit?
No, I won't close any trades before their stop loss value is hit.
7.2 Losing trades - which signals will see you exit early?
None.
7.3 Winning trades - which signals will see you exit completeley?
None.
7.4 Winning trades - which signals will see you close half?
None.
Instead, I will close one trade as a whole, which equals “close half” of a campaign, when it hit its reward-to-risk ratio level of 1:1.
Or, alternatively, when it hit its, meanwhile adjusted, stop loss level.
7.5 Winning trades - which signals will see you close the remainder?
None.
Instead, I will close the second trade (see 7.4 Winning trades - which signals will see you close half?) as a whole, which eqauls the “remainder”, when it hit its reward-to-risk ratio level of 5:1.
Or, alternatively, when it hit its, meanwhile adjusted, stop loss level.
8.1 Which strategies will you trade?
I will trade AIMS - The Hunt.
This strategy combines several entry mechanisms, out of which I will deploy The Setup (corresponding to Stage 1), which is designed for trending markets.
8.2 What are your setups?
A few boundary conditions build my setup:
- There must be a Dot (red, blue, green or pink).
- (At least) Red and Green Line of Alligator are touching or have recently touched.
- eWaves is close to Zero Line or has recently crossed it (visual judgement, no fixed limits).
- AIMS Box must be tight (visual judgement, no fixed limits).
- There must be a TZ1 to work towards on CTF, which allows at least a reward to risk of 1 for the entries.
- Entries must be in direction of price's trend (judged via Alligator's Lines) on four times HTF.
8.3 How will you find your setups?
I will find the setups that I require by being attracted via Dot Alert (pop-up in MT4).
This is the sign to watch the affected currency pair closely, whether the remaining conditions apply, too, or not.
8.4 Which signals will trigger your entry?
My entries are triggered, when all conditions of “8.2 What are your setups?” are met and price breaks out of the corresponding AIMS Box.
For each Dot color, mentioned breakout is defined slightly different:
- Red: price crosses the value of current lower AIMS Level + one Pip to the downside.
- Blue: price crosses the value of current upper AIMS Level + one Pip + Spread to the upside.
- Pink: price crosses the value of fresh lower AIMS Level (formed after this Dot appeared) + one Pip to the downside.
- Pink: price crosses the value of the second AIMS Level to the left + one Pip to the downside. This applies, if price breaks out and closes out of the current AIMS Level, but there is another one to the left available, which is not too far away (visual judgement, no fixed limits).
- Green: price crosses the value of fresh upper AIMS Level (formed after this Dot appeared) + one Pip + Spread to the upside.
- Green: price crosses the value of the second AIMS Level to the left + one Pip + Spread to the upside. This applies, if price breaks out and closes out of the current AIMS Level, but there is another one to the left available, which is not too far away (visual judgement, no fixed limits).
- Version 3.0:
- Placeholder
- Version 2.10:
- 1st T20: 84.3 P, 4.52 R, 17/20 DS
