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Gio's simple profitable trading quest

  • Post #1
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  • First Post: Jul 9, 2007 12:54am Jul 9, 2007 12:54am
  •  gio9
  • | Joined Jun 2007 | Status: Member | 47 Posts
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)
  • Post #2
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  • Jul 9, 2007 1:22am Jul 9, 2007 1:22am
  •  johnedoe
  • | Membership Revoked | Joined Dec 2005 | 2,298 Posts
You might try the london sesion instead of the NY session.....open trade at 11:00 - 12:00 PM PDT and close trade at 6:00 - 7:00 AM PDT....or just enter before you go to bed and close when you get up in the morning...... a little more volitility during these times.

PS.... always trade with the major trend
Same Whore .... Different Dress
 
 
  • Post #3
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  • Jul 10, 2007 12:54am Jul 10, 2007 12:54am
  •  gio9
  • | Joined Jun 2007 | Status: Member | 47 Posts
Thanks for the feedback.
How can I trade with the major trend if I'm buying 2 different currencies with the same lot size? Maybe buy less lots of the prevailing trend?
 
 
  • Post #4
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  • Aug 12, 2007 10:47am Aug 12, 2007 10:47am
  •  Abnormalone
  • | Joined Apr 2007 | Status: Member | 149 Posts
What do you do if you get 4 or 5 losing days in a row?
 
 
  • Post #5
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  • Aug 12, 2007 10:57am Aug 12, 2007 10:57am
  •  johnedoe
  • | Membership Revoked | Joined Dec 2005 | 2,298 Posts
duplication removed
Same Whore .... Different Dress
 
 
  • Post #6
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  • Aug 12, 2007 10:59am Aug 12, 2007 10:59am
  •  johnedoe
  • | Membership Revoked | Joined Dec 2005 | 2,298 Posts
Quoting gio9
Disliked
Thanks for the feedback.
How can I trade with the major trend if I'm buying 2 different currencies with the same lot size? Maybe buy less lots of the prevailing trend?
Ignored
Not entirly sure what you mean by this, but here is an axample of trading with the trend...the number of lots and pairs are your own decision...
http://img510.imageshack.us/img510/7...enshot5sh0.png
Same Whore .... Different Dress
 
 
  • Post #7
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  • Last Post: Aug 15, 2007 12:56am Aug 15, 2007 12:56am
  •  Dreamliner
  • Joined Oct 2006 | Status: Member | 2,271 Posts
All you're doing is long EUR/CHF. If it goes up you profit. If it goes down you Martingale, which is very dangerous.
 
 
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