A layman's trading journey from £1000 to £10,000 in 9 months
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Simplicity was the core of my trading strategy. Average pip size: $0.30 Instrument: Dow Jones (US30). Drew Support/Resistance lines on Day/4H chart. Time frame: 4 Hours. Three indicators; MACD (The Moving Average Convergence/Divergence) 12.26.9, RSI (Relative Strength Index) 14.2 and SO (Stochastic Oscillator) 14.6.6. Entry/Exit: Signal line crossover on RSI+SO in over-bought/over-sold zone, MACD crossover. Confirmation: Price touching support/ressitance values and Heikin-Ashi. No Stop Loss. The maximum drawdown was £1700 in the middle of May and had to top-up the account due to a margin call but withdrew the amount deposited soon as trades matured. Please feel free to poke holes in this, after all, constructive criticism is the only way to truly improve.