THE RULES OF THE ZIGGY EASY METHODOLOGY How SIMPLE 20/20?
  • Take profit: 20 pips
  • Stoploss: 20 pips
  • There are two cases where this method is not used:
Believe it or not, 40 pips will be hit. The odds of losing are so high, we're not gambling.

If the price is only 5 pips or less away from either of those levels, then close. Accept profit of 15 pips or loss of 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. For day traders this is not a bad number. 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, it is recommended that you put the risk of 2% only, a little profit but good capital management is fine.

CHOOSE BROKER IS ALSO A METHOD SUCCESS FACTOR

The broker always has to be good in order to make trading 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 that have spreads above 1 pip, let go.

The running speed should 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. Two pairs of USDCHF and USDCAD, you should be limited, it is quite difficult 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 must 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.

Ziggy is a successful trader, but before he succeeds he goes through an extremely bad long period. But thanks to hard work and a practical view into trading that Ziggy can achieve. Ziggy's Easy 20/20 method is one of the results of the success of a trading career.