A logic that exceeds 100 pips per hour even without discretion
I am a candlestick FX trader.
Yesterday,TACO Trade FX Logicwas released.
Without further ado, I have received a lot of questions from many people.
The fact that I am receiving many questions means
that you are paying a lot of attention, I think.
I will reply to the questions I received in order,
so for those who haven't yet, please wait a little longer m(_ _)m
Now, although I have received many questions,
among them I will pick up the frequently asked questions this time
and explain them.
The most frequently asked question is
“Are there few trading opportunities?”
This is
In simple terms, the logic aims to catch rebounds from market overreactions.
Like the stock market rebound after tariff shocks in April this year,
the logic is designed to catch a quick rebound from such shocks.
Because of this, the impression is
that it is certainly effective,
and it is easy to imagine making profits in a short time with high probability, but
such shock markets
do not happen that frequently, right?
This is a concern for many people.
Indeed, at the daily chart level,
circuit breakers are triggered,
and a historically significant crash is
not something that happens often.
However, this time the logic also targets small overreactions at the 1-minute chart level.
Market overreaction, at the 1-minute level, happens quite often.
Small price moves that do not become news,
rapid price fluctuations,
occur frequently.
Since it also targets such small movements,
there are quite a few trading opportunities.
So, how will the actual trading look like,
let me check with the most recent market.
This is a 1-minute gold chart.
The chart is about an hour long,
and there were 4 trading opportunities.
Depending on market conditions,
with this logic,
one currency pair roughly has 3–4 opportunities per hour.
Therefore, it is not difficult to come across entry opportunities.
And in terms of performance, it yields about 130 pips per hour.
Of coursecompletely discretionary-free,
so for those who own this logic,
everyone achieves roughly the same level of profits.
If you look at the same chart and trade according to the rules,
you will achieve results similar to this.
As shown above on the chart, although it is a 1-minute chart,
it also targets small market overreactions,
so there are plenty of trading opportunities,
and even small rebounds can yield over 100 pips per hour,
which seems to result in quite substantial profits.
This time, we have intentionally chosen a time with low price movement and a calm market.
From a broader perspective, the market is ranging,
and with ordinary logic it would be difficult to trade in such conditions.
Even in such conditions, we can identify market overreactions,
and trade targeting their rebounds.
In these range-like markets,
or in somewhat difficult-to-trade conditions,
you can still achieve profits.
Therefore, the worry that you cannot win unless a very good market comes,
or that trading opportunities are scarce,
I think has been dispelled.
Also, the trading time itself is usually completed within a few minutes,
so you can swiftly trade during a little free time,
making this a logic that suits a busy daytime schedule.
So even if you cannot monitor charts during the day,
if you can allocate about 30 minutes to an hour of chart time at night,
you can aim for profits of around 100 pips, which I believe is quite feasible.
The features of this logic are as follows:
・A non-discretionary logic where anyone looking at the same chart will achieve similar profits.
・A logic that targets rebounds from market overreactions.
・A logic that can be used for a long time to come.
・A logic that aims for quick profits in a short time.
That’s how it is.
So this time I have explained the frequently asked questions in detail.
For more details, please see here.