This is one of the best systems I have looked at with a visual backtest.
It is not mine. I found it on the internet for free. It's an old Karl Dittman system. It's the first system of his I've seen that actually works.
Dittman claims a 95% win rate. It looks like that might be true.
Rules:
When the new day begins:
Put a pending Buy Stop at yesterday's High + 3 pips + spread.
SL=10 Pips. TP=5 Pips.
Put a pending Sell Stop at yesterday's Low - 3 pips.
SL=10 Pips. TP=5 Pips.
* Most brokers raise the spreads about 20 pips when the day rolls over. Don't place your pending orders then. Wait until the spread returns to normal.
Look it over.
It is not mine. I found it on the internet for free. It's an old Karl Dittman system. It's the first system of his I've seen that actually works.
Dittman claims a 95% win rate. It looks like that might be true.
Rules:
When the new day begins:
Put a pending Buy Stop at yesterday's High + 3 pips + spread.
SL=10 Pips. TP=5 Pips.
Put a pending Sell Stop at yesterday's Low - 3 pips.
SL=10 Pips. TP=5 Pips.
* Most brokers raise the spreads about 20 pips when the day rolls over. Don't place your pending orders then. Wait until the spread returns to normal.
Look it over.