I’ve applied my TC trading template to some stock charts on MT4 and have found this to be a useful trading tool for this instrument as well. The advantage being with stocks, of course, is that the moves are usually generated over a longer time frame. The percentage returns need to be considered from the point of view about what you local banks is offering! Here are just a few charts I’ve cast my eye over this afternoon varying from daily to 4hr and 60 minute.
BAC daily: Bank of America: a recent TC LONG gave a 54% return over 9 months.
CSCO daily: Cisco: a recent TC LONG gave a 7% return over 3 months.
DIS daily: Disney: a recent TC LONG gave a 13% return over 6 months.
JNJ 4hr: Johnson & Johnson: a recent TC LONG gave a 6% return over 5 weeks and the trade is still open.
KO 60 min: Coca Cola: a recent TC LONG gave a 4% return over 5 months.
JPM daily: JP Morgan: a recent TC LONG gave a 17% return over almost 5 months.