I'm going to cover the Indices here only
Goal of 150 pips a day with Indices
Using trades from a conservative trader perspective
Starting my trading day at 6:30 am UTC+1 (meaning I wake up at 5 am)
Ending my trading day at most at 7 pm UTC+1
Remember that I take my profit a bit before the supports/resistances; not right on them
I'm trading a mix of 1 min/2 min/5 min and even SWING timeframes for Indices
Entering at pullback near for my SHR/BHR whenever I'm facing a support/resistance
Reminder: Only the first SHR/BHR of each trend is accepted.
Fro the second one, we have to re-enter using a different timeframe - preferably a lower timeframe for a more accurate entry
Each image below can be enlarged on a click
I trade the BHR/SHR setups
I skip the rest as a conservative trader
US30 2 minutes
DAX 2 minutes
DEFIPERP 2 minutes
As you probably notice, as a conservative trader, I didn't do well with DAX/DOW
That's when I usually look for other opportunities such as DEFIPERP on FTX here; still using the Algorithm Builder INDICES
As I wasn't winning big on the others and wanted to make my daily goals, I was more aggressive with my take profit strategy on DEFIPERP
Understand how flexible you have to be with how you're going to make your goals - depending of the volatility o the assets you're trading
As a conservative trader, it might get frustrating to see the trades going down/up quickly without an SHR signal.
I recommended the 2 minutes and Indices to start, but you're not limited by this.
Experimenting with the Algo Indices 1 minutes and you'll see you can enter/exit earlier with even more signals.
Try the Algorithm Builder Indices 5 minutes and notice you'll get different signals - sometimes you may get an SHR on a 5 minutes chart but not on the 2 minutes chart.
Reminder: The higher the timeframe, the latter the signals appear and the bigger the drawdown/profit are
US30 5 minutes
GER30 5 minutes