Anatomy Of A Winning sRs Trend Rider 2.0 Trade
I’ve been talking a lot recently about the sRs Trend Rider 2.0 Forex strategy by Vladimir Ribakov. If you have not already done so, check out my FULL REVIEW here: sRs Trend Rider 2.0 Review. I thought you might like to see what a winning sRs Trend Rider 2.0 trade looks like trading this strategy.
Using the Dashboard (not shown), I decided to take a BUY trade. I use the Control Panel tool to setup, enter and manage the trade. I draw a trendline that needs to be broken to initiate the trade, and change the Trendline Name to “buy”. Three lines show up on the charts for Stop Loss, Take Profit 1 and Take Profit 2. I move the lines around to the levels I want, paying attention to check the Risk To Reward for Take Profit 1.
At this point, there is nothing more for me to do. Entry with proper lot size and trade management is now taken care of on autopilot.
As you can see in the photo, the trendline was broken and the trade was triggered. The initial stop loss was about 32 pips. When price reached TP1, a portion of the trade was closed out, at about 36 pips. Price continued and hit my TP2 at about 70 pips.
It is important to note that after TP1 I had already profited with over a 1:1 risk to reward ratio. Then the rest of the portion continued for some more nice profits… making this an excellent trade.
As you can see, the Dashboard and Control Panel make it easy to identify trade setups and trade according to the rules. After the trade is setup, there is nothing more to do, which frees up a lot of time and makes this a trading strategy that fits into a busy lifestyle. As a matter for fact, it is best to let the Control Panel take care of the live trading in order to keep emotions out of the trade management.
It is also important to note that there is human interaction also. I picked the SL, TP1 and TP2 target levels. This is where you need to spend some time to make the trading as profitable as possible.
The sRs Trend Rider 2.0 system is an excellent example of a HYBRID trading strategy. The trading tools help you automate finding trade setups, placing and managing the trades. But there is style the importance of the trader that chooses the setups, stop loss and take profit levels. I personally like the fact that I have a say in how the trades are setup and trades… as it makes trading the strategy seem more fulfilling than just following arrows on a chart.
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