The 20/20 method was created by a trader named Ziggy. Thanks to the 20/20 method, Ziggy has achieved amazing results. 20/20 is especially ideal for day traders who do not like to spend hours sitting on the computer or who do not know how to set stop loss and take profit properly. This method is suitable for everyone, it can integrate well with the trading system you are using.

THE RULES OF THE ZIGGY EASY METHODOLOGY HOW EASY 20/20?
  • Take profit: 20 pips
  • Stoploss: 20 pips
  • There are two cases of not using this method:
  • When believing it. Believe it or not, 40 pips will be hit. The odds of losing are so high, we are not gambling.
  • If the price is only 5 pips or less away from either of those levels, then close. Accept profit 15 pips or loss 15 pips. (This is important)
  • Not moving stop loss, not automatically canceling stop or take profit.
If you stick to this 20/20 rule and try to maintain it with 400 trades you will have 1300 pips profit in 7 months. The winning rate of this method is usually about 66 - 68%, this is a delicious rate, worth a try.

Below is the trading yield curve in 424 orders:


If you started with $ 1000 and traded with a risk rate of 5% per trade, you would have about $ 17,000.

However, this is a romantic number, you should put the risk of 2% only, a little profit but good capital management is fine.

CHOOSING BROKER IS ALSO A METHOD'S SUCCESS FACTOR

The broker always has to be good in order to make tradings effective. Good here is that the spread should be small. We only take profit with 20 pips, the smaller the spread, the less profit and loss we will be. Brokers who have spreads above 1 pip, let go.

The running speed must be fast so we can keep track of whether the price is close to hitting our stop or take profit.

CHOOSE MAIN MONEY CALL

The main currency pair is always preferred because the spreads are small, the liquidity is high, and they run smoothly. We should prioritize trading currency pairs: USDJPY, EURUSD, GBPUSD, AUDUSD, NZDUSD. The pair USDCHF and USDCAD are quite challenging to manage these two children. Cross-currency pairs, the more you have to limit because their spreads are very high, our stop loss and take profit to have to add more spreads, our win rate will decrease significantly, not to mention the opposite with losses.

After all, this is the method of managing trading orders, not a strategy of providing buy/sell signals. It is part of your profit-loss decision. If you already have your own way of setting stops and feel effective, there is no need to follow this approach. If your stop setting is problematic, getting hit too much before making a profit, or never hitting take profit, 20/20 is a worthwhile method for you to consider and try.

▶️Telegram : https://t.me/cryptostationchannel
📚Edu Station : https://t.me/educryptostation
⛑Support Form : https://forms.gle/q6J62HiZmoW8pKwK8