Hello everyone.........I have developed a long-term trend trading system for Forex (FORIS FX) that has a few twists compared to standard long-term systems.
First, it has a volatility profit target for a portion of the position. Second, and what I consider the best feature of the system, it has two trailing stops that work well in conjuction with each other. They leave less open profits on the table and also typically make small profits during smaller moves that most long-term systems would lose on.
All long-term trend following systems suffer drawdowns and this is no exception. However, my struggles before with long-term systems were the magnitude of these drawdowns despite being profitable. With my system now the drawdowns are much smaller. To be fair, you do not make as large of a return on big trends with the profit target feature (as you don't have your full position on the really big moves). This trade-off has been more than offset by the smoother equity curve achieved.
For more information go to www.globaltrendcapital.com or feel free to ask any questions on the forum!
I will post some chart examples in the next few weeks to show how the system handles trade management/exits vs. standard long-term trend trading systems. If you crave the high speed pace of day trading or swing trading this will not be your thing!
I used the same basic system on my retirement accounts and earned a 100+ return over a 2-year period. I have traded it on forex over the last year or so with good results.
Doberman
First, it has a volatility profit target for a portion of the position. Second, and what I consider the best feature of the system, it has two trailing stops that work well in conjuction with each other. They leave less open profits on the table and also typically make small profits during smaller moves that most long-term systems would lose on.
All long-term trend following systems suffer drawdowns and this is no exception. However, my struggles before with long-term systems were the magnitude of these drawdowns despite being profitable. With my system now the drawdowns are much smaller. To be fair, you do not make as large of a return on big trends with the profit target feature (as you don't have your full position on the really big moves). This trade-off has been more than offset by the smoother equity curve achieved.
For more information go to www.globaltrendcapital.com or feel free to ask any questions on the forum!
I will post some chart examples in the next few weeks to show how the system handles trade management/exits vs. standard long-term trend trading systems. If you crave the high speed pace of day trading or swing trading this will not be your thing!
I used the same basic system on my retirement accounts and earned a 100+ return over a 2-year period. I have traded it on forex over the last year or so with good results.
Doberman