Shelly's 1 Trade A Day Plan

I decided to create a 1 Trade A Day Plan to show our members that you can create a trading plan with minimal exposure to the Market and still be able to make money consistently over time.

The key to this of course is your Plan. One will have to execute with discipline and consistency to the rules established in your trading Plan.

I will be having my entry automated and this will reduce the stress of entering the trade. I will then have simple and easy to follow exit rules and most importantly good solid money management.

The First Step in my Plan (following our EOTPRO Trading Plan Template) was to choose my market:

I chose YM due to its potential for volatility and movement, but has a smaller risk factor at $5.00 per tick.

I selected the 1 minute chart, however, I have also implemented Summer's Bars into one of my potential entry signals firing on the 1 minute chart.

Following I will show you step by step my chart setup until my selected indicator analysis is set and ready.

 

Comments

[Bill Dennis]

For now, with my automated entry all filters will have to fire accordingly to enter me in a trade. As I have limited research due to how new 1 of the indicators are and I may address these filters after my 30day simulation.

Shelly

[LindenAble]

Hello,

Question on your filters; Are you going to do 'And' or 'Or'? For example lets say you choose three filters called a,b and c. Are you going to have the filters a and b and c say long, then fire long? On the other hand if a,b are long but c is not, still fire long. (Works better with say 6 out 9 or 5 out 7).

Just my 2 cents.

Jerry G.