System is as follows:
Eur/Usd Gbp/Usd 4h charts.
Enter at the candle after the cross, cross down=short and vise versa.
Stop loss will be the high/low of the previous 3 days (3*6=18 candles).
Exit half after Bollinger Band is touched, move the rest to brake-even and exit another half at 100 pips. Let the rest run and exit at MACD cross. Always exit at a cross and reverse position.
The Money Management will go like this 1-1-2-2-4-4-8 etc. Double after 2 losses. On average you wont need more than three trades to find the market direction. I haven't done backtests just by eyeballing the charts. If anyone is willing to backtest, by all means do so
Just by looking at the charts this could make 200 pips or more per month.
Eur/Usd Gbp/Usd 4h charts.
Enter at the candle after the cross, cross down=short and vise versa.
Stop loss will be the high/low of the previous 3 days (3*6=18 candles).
Exit half after Bollinger Band is touched, move the rest to brake-even and exit another half at 100 pips. Let the rest run and exit at MACD cross. Always exit at a cross and reverse position.
The Money Management will go like this 1-1-2-2-4-4-8 etc. Double after 2 losses. On average you wont need more than three trades to find the market direction. I haven't done backtests just by eyeballing the charts. If anyone is willing to backtest, by all means do so
Just by looking at the charts this could make 200 pips or more per month.