Optimize my Price Action Strategy for your good!!!
if you have any specific questions, ask me at
http://bit.ly/2IblW9d
Download FREE PDF for my Price Action Strategies
http://bit.ly/mypriceaction
There are many ways to optimize this strategy (Find strategy in previous post), you can easily add an indicator to approve price action signals, you can use the Fibonacci retracement too, or you can add a Moving Average as dynamic trendline!
So I highly recommend to open a Demo account here and start experimenting with this strategy! Here are some Ideas on how to increase the accuracy of this price action trading strategy :
If it is difficult for you to draw trend lines, it is a good idea to add a Moving Average with 70 periods and use it as Trendline for example! You can play around with the settings to fit the timeframe and the market behavior!
You can add a Stochastik indicator in order to verify trading signals. If you get a Put Signal, the Stochastik Oszillator should be near or above 80, if you are getting a Call Signal the Stochastik should be near 20! You can use the RSI in the same way!
You can massively increase your results by drawing the trend line in a higher timeframe! If you want to trade 1 Minute Options inside the M1 Chart, ensure to draw your trend lines inside the M5 Chart!
Take a look at the elliot wave theory. Even a short look may increase your trading results almost instantly!
Tip: Use this strategy for some time inside a demo account, ensure to get a feeling for the usage and when to trade and when not.
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