Hello, I have introduced a strategy I have been trading for some time now. The strategy is called EScalade. I know the name is stupid but I didn’t know what to call it. It trades the ES (future) and normally takes between 15-20 trades per month. This month has been way over that due to the volatility of the US market and months like July and August are below that average because the market tends to slow during the summer months. This system waits for a sharp move and then trades on a pullback from that move. I have a stop and target in place for each trade that changes each month based on prior months’ volatility. I also have a trailing stop for the entire system that will remove the chance of catastrophic losses.
I have been trading for several years now and became consistently profitable after about 2 years. What took me so long to learn was that there are several systems which will make money over time. The key, and the hardest thing to overcome, is the money management. Money management, for me, is the most important part of a trading plan and includes not only the target and stop on an individual trade, but also how the account as a whole trades with regards to draw downs, when to add contracts, etc.
Anyway, take a look and follow along. I am not going to promise the world but I will tell you this strategy, along with my money management, has worked for me.