Last week I grew my Account on Deriv.com platform from $10 to $800 plus trading just Crash 500. I will show you a step by step procedure on how I was able to record such huge success after weeks of trials and errors.
First, let me give you a background of my story. I started trading Forex in 2018, but I abandoned it after losing $200 in one single trade.
Why did I lose?
I was introduced into Forex by a friend and the orientation he gave me then was, buy low, sell high, so I was practically doing gambling, I didn’t understand his explanation so I paid him $100 for a master class, the master class became more confusion, that I decided to just learn by trading on the demo.
Trading on the demo is fun, because you can leverage on any lot size since it’s not real money and make good profit. I decided to test real Account after one week of trading on my demo. I made a gain of $10 on my first trading day with a $200 equity, lost $8 the next day, made $7.25 the next day and lost $205 within an hour on Gold.
I took a break from trading and started learning how to trade responsible, the journey took me to the synthetic indices and I was able to see the crash indices (Crash 500 and Crash 1000), the Boom indices (Boom 500 and Boom 1000), but I picked Crash 500 as my research partner after two weeks of studying the market.
I have been scammed by many Forex traders who parade themselves as expert on YouTube, from trading signals to Forex indicators and strategy. I was practically leaving on YouTube,watching tutorial and reaching out to most of the traders for mentorship.
I purchased all the available indicators in the market from Holy grail, Spike detector, $5 a minute trend set up, special indicators, etc After using them for a week I realized that the spike indicators, special indicators, etc were all scams.
This is the fact 80% of traders who share their trade set up and strategy on YouTube are doing so not to help traders, but either to make money from YouTube partnership program or to brainwash weak traders to subscribe to their mentorship class.
The other 20% are priceless, if you are lucky to meet them, they will do all they can to teach yo to become a better trader.
Combing the strength of Ichimoku Kinko Hyo, Accelerator Oscillator and Accumulation/Distribution, I was able to develop a strategy that change my entire trading life.
I went from $10 to $100 in a day then $800 in a week, and i’m still wining. The win ratio is 9 out of every 10 trades.
How to Use the strategy to trade crash 500
1. The Set Up
- Add Ichimoku Kinko Hyo to the main chart
- Add Accelerator Oscillator to indicator Window 1
- Add Accumulation distribution to indicator Window 1
- Add Ichimoku Kinko Hyo to indicator Window 1
2. What to look out for
- When the Ichimoku Kinko hyo cross the Accumulation/Distribution line on Window 1 and points under toward the zero line of Accelerator Oscillator downard, sell
- When the Ichimoku Kinko hyo cross the Accumulation/Distribution line on Window 1 and points upward toward the zero line of Accelerator Oscillator, buy.
Points to note:
1. Always use proper risk management before placing and trade
2. Trade with M5 only.
3. Place one Trade at a time.
4. Trade only when the conditions are mets
5. Know when to exit the market.
6. Don’t quit when you lose, try and find out why you lose and learn to avoid it next time
7. Losing is part of trading, there is no trader that has not encounter loss before.