See this thread trading results with real money in myfxbook.
Price always goes somewhere - sooner or later. Simple strategy - can be used on a cent account because we need deep pockets here. Min leverage: 1: 500.
Open a cent account with 100 USD capital and you operate with 10000 cents.
Not fantastic earnings - about 30-40% yearly. But which bank you give such %?
Here GBPUSD 11 years backtest - drawdown 7700 usd, profits 37427 usd:
Keep in mind - it survived Brexit... yes drawdown 77%, margin level 155%... but it survived. When running on a live account we can of course avoid trading big events like Brexit.. for more safety.
Here EURUSD 11 years backtest - drawdown 8247 usd, profits 44500 usd:
Strategy:
Entry
Wait when the price goes up X pips open BUY. If goes down X pips - open SELL.
Take profit
Close deal on TP Y pips.
Stop-loss - wait... no stop loss
:
If the opened deal goes in the opposite direction X pips - open opposite order with twice volume.
If price again turns back and goes X pips - open again order with twice volume.
And so on till price decided where to go finally.
For example, can be this series:
BUY 0.01
SELL 0.02
BUY 0.04
SELL 0.08
BUY 0.16
...
To avoid big series, use X starting from ~40 pips depending on the symbol.
In my example for EURUSD X = 40 pips and TP = 70 pips the worst serie was of 11 opened deals (last order volume 20.48 lots).
In my example, I multiply the TP target by 1.5 on every new level opened - just to get more reward after a big drawdown.
Here backtest detailed reports:
Here the 1st version for MT5 - usable only for strategy tester for now as we are still in the research phase:
Here .set files for parameters (timeframe M5):
Here the 2nd version of MT5 - usable only for strategy tester for now as we are still in the research phase:
Here .set files for parameters (timeframe M5):
Price always goes somewhere - sooner or later. Simple strategy - can be used on a cent account because we need deep pockets here. Min leverage: 1: 500.
Open a cent account with 100 USD capital and you operate with 10000 cents.
Not fantastic earnings - about 30-40% yearly. But which bank you give such %?
Here GBPUSD 11 years backtest - drawdown 7700 usd, profits 37427 usd:
Keep in mind - it survived Brexit... yes drawdown 77%, margin level 155%... but it survived. When running on a live account we can of course avoid trading big events like Brexit.. for more safety.
Here EURUSD 11 years backtest - drawdown 8247 usd, profits 44500 usd:
Strategy:
Entry
Wait when the price goes up X pips open BUY. If goes down X pips - open SELL.
Take profit
Close deal on TP Y pips.
Stop-loss - wait... no stop loss
:If the opened deal goes in the opposite direction X pips - open opposite order with twice volume.
If price again turns back and goes X pips - open again order with twice volume.
And so on till price decided where to go finally.
For example, can be this series:
BUY 0.01
SELL 0.02
BUY 0.04
SELL 0.08
BUY 0.16
...
To avoid big series, use X starting from ~40 pips depending on the symbol.
In my example for EURUSD X = 40 pips and TP = 70 pips the worst serie was of 11 opened deals (last order volume 20.48 lots).
In my example, I multiply the TP target by 1.5 on every new level opened - just to get more reward after a big drawdown.
Here backtest detailed reports:
Here the 1st version for MT5 - usable only for strategy tester for now as we are still in the research phase:
Here .set files for parameters (timeframe M5):
Here the 2nd version of MT5 - usable only for strategy tester for now as we are still in the research phase:
Here .set files for parameters (timeframe M5):
Price always goes somewhere - sooner or later...
won't like that, I am sure. As I don't either...
Not for me...
