HI
i have been doing some back testing on the 1 hour timeframe using zigzag
the idea is to go long on the break of previous swing high on zigzag , 0.5 pips above and exit with 0.1 pips , that's 0.6 pips from the swing high
opposite for shorts 0.6 pips in total from the swing low
use 1 lot for every 100$ in your account this means you trade at 10$ per pip that's 10 / 0.1 is 1$ profit or 1%
stop loss you can use 5 pip stop if you want but I don't use stop loss
trade EU AU
avoid any jpy or gbp pairs
guys this is my final thread
i have been doing some back testing on the 1 hour timeframe using zigzag
the idea is to go long on the break of previous swing high on zigzag , 0.5 pips above and exit with 0.1 pips , that's 0.6 pips from the swing high
opposite for shorts 0.6 pips in total from the swing low
use 1 lot for every 100$ in your account this means you trade at 10$ per pip that's 10 / 0.1 is 1$ profit or 1%
stop loss you can use 5 pip stop if you want but I don't use stop loss
trade EU AU
avoid any jpy or gbp pairs
guys this is my final thread