Good Day,
Recently, I have tried many and many strategies with low funds (100-200 euros) trading CAC40. None of them works, coz of low deposit. I work with InterTrader Direct broker.
The question is the following: As long as CAC40 has reached 4-5 times the 4360 level, but also it reached the 4520 level (in the following days), is it (according with your opinion) a good strategy (with 2000 euro initial deposit), the following one:
I want to open a buy ticket at 4360, 10 euros/point (using leverage).
Also, I want to open a buy ticket at 4400, 10 euros/point.
At 4400, setting a stop loss / limit at 4380 for both.
At 4500, I want to close both tickets - this mean: 10* (140+120) = 2600 euro - (night taxes) = around 2500 euro.
This sounds great, as long as the volatibility for CAC40 is around 1% (40 points/day), so you should be able to have a good money management but also, somehow, a good control of your looses/profits + an overview on the future trend.
The ,,escapes" are:
1. At 4360, we should have a stop loss at 4320, but I have never seen this level since the Brexit + Nice attack.
2. At 4400, I should set the 4380 level, because 20 points it's a generous range for oscillation.
Any opinion?
Recently, I have tried many and many strategies with low funds (100-200 euros) trading CAC40. None of them works, coz of low deposit. I work with InterTrader Direct broker.
The question is the following: As long as CAC40 has reached 4-5 times the 4360 level, but also it reached the 4520 level (in the following days), is it (according with your opinion) a good strategy (with 2000 euro initial deposit), the following one:
I want to open a buy ticket at 4360, 10 euros/point (using leverage).
Also, I want to open a buy ticket at 4400, 10 euros/point.
At 4400, setting a stop loss / limit at 4380 for both.
At 4500, I want to close both tickets - this mean: 10* (140+120) = 2600 euro - (night taxes) = around 2500 euro.
This sounds great, as long as the volatibility for CAC40 is around 1% (40 points/day), so you should be able to have a good money management but also, somehow, a good control of your looses/profits + an overview on the future trend.
The ,,escapes" are:
1. At 4360, we should have a stop loss at 4320, but I have never seen this level since the Brexit + Nice attack.
2. At 4400, I should set the 4380 level, because 20 points it's a generous range for oscillation.
Any opinion?