Forex Trading Strategy using EMA & CCI Indicator by www.forexmentorpro.club

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Comments

1. can you use this setup on futures such as Gold Silver or indexes?
2. When you say 200 pips as a stop loss etc, do you mean 20 pips which shows as 200 in MT4 or 200 which shows as 2000 pips within MT4?
3. The thing that is worrying me and I'm new to trading and I have been studying for months about fx,is one thing I cant get my head around is the pip movements.Its great I see 1000 pip movents in few weeks  on your videos and other videos but the currency pairs used, generate 0.06 cents per pip right give or take a few,so multiplying that by 1000 pip movement is $60?  How does one make a worthwhile money out of this trading.for example if my account balance is $10,000 and most say risk between 1-2% on any one trade so lets say 1% hence using $1000 to trade with,say I did the same trade as in your example how would I calculate my profit on a movement of 1000 pips knowing each pip is worth .06 or less? basically will the bottom line be that would I need to risk more say $8000 per trade to realise some kind of better profit rate to make this worthwhile?but wont that totally go against risk management of using 1% ?il be forced to risk  80% of my money?sorry if ive confused you.i really want to do this full time,but I don't know how I can raise the value of pip without leveraging which I don't WANT to do.Thanks for your patience and time.(Basically how can I get my pip value up to have a decent return on a $1000 trade without leveraging or do I need to risk 80% of my money to get a better rate for any currency pair?)
4. great videos,couple of questions is this only for a downtrend if price is below EMA60?so u short ALWAYS right? so does it hold  true  for an uptrend long call if price is above EMA60? and secondly why buy 2 lots,wont it be better just doing one trade?less commission costs right?and thirdly the second trade do u take that when you enter first?or do it after you  realise you've earnt profit and take 200 pips Then place another trade with the same parameters? and is it normally weeks for the realisation of pips to be made,im guessing its not couple of days right?many thanks if anyone can clear this up.cheers
5. Thank you ED For yet another great informative Video , I use IB for Broker and have set up the charts using you system . FWIW With the default setting from your Vid I was able to set on the IB . This vid has been invaulable. Became a member of yours yesterday. So Looking forward to leaning from a master trader and steadily growing my acc,
6. can we use this strategy in commodoty.....equity
7. How do you work out which way a pair is trending Ed.
8. What kind of win rate would you expect from this system Ed. Plus would you always trade on the Daily time frame?