My goal is to perfect a simple system that creates positive monthly returns with little or no management within the day. Here it is. By the way.. please demo this.. this is a complete experiment. I don't think it will work perfectly but I do believe it could lead to better ideas in the future. I want to make 40-80% a year return on my account.
Please advise me on your idea's.
Buy usd/chf at 5-6pm pacific time with 1% of your equity.
Buy Eur/USD at 5-6 pm pacific time with 1% of your equity.
Day 1-
Close all positions by 4:59pm pacific time with negative or positive.
Day 2. If negative. Double lot size and repeat day 1 procedure.
If positive, repeat above sequence with 1% equity
repeat above sequence. until day 5 and start back at 1% equity
I know the eur/usd and usd/chf have a strong correlation and I believe the variance could produce some results. I'm starting back testing as well.
I'm using oanda since it costs only 4 pips to hold both positions. (Demo)
Please advise me on your idea's.
Buy usd/chf at 5-6pm pacific time with 1% of your equity.
Buy Eur/USD at 5-6 pm pacific time with 1% of your equity.
Day 1-
Close all positions by 4:59pm pacific time with negative or positive.
Day 2. If negative. Double lot size and repeat day 1 procedure.
If positive, repeat above sequence with 1% equity
repeat above sequence. until day 5 and start back at 1% equity
I know the eur/usd and usd/chf have a strong correlation and I believe the variance could produce some results. I'm starting back testing as well.
I'm using oanda since it costs only 4 pips to hold both positions. (Demo)