Magic 100

It was a bit late entry but looks working till now this strategy can save me )

gbpchf look so bearish
2 short signals in the past

1HR chart was showing downtrend. You got in too early & If you were taking the trade on the D1 then it was a better idea to set a pending above the last down D1 candle (0.6241).

short eurjpy

Is this strategy profitable??

long chfjpy @165.18

No.

Hi,
Here on this forum as on other forums, no strategy, I mean none, free or paid, is really profitable in the long term
Have a good day
jf

Long eurnzd

Just took the Mark Douglas approach to this strategy and achieved 14 wins from 20 trades on USDJPY. All trades taken in the London session over the last 2 weeks and averaged +12 pips total per trade over the 20 trades. Happy enough with that. Running another exercise on EURJPY and have completed only 6 trades thus far and 4 winners will report back when i've completed all 20.

A very simple method but thus far it's looking good. All trades taken on live account btw. I already run with a longer term swing strategy that has been golden for me but only making 1 or maybe two trades a week so i'll leaving that as my bread and butter whilst looking at this as a shorter term option if the forward testing works.

Hello again. Todays setups from GbpUsd and CadJpy. Two setups takeprofit near 2R.

Today was my first day trading this simple system, but powerfull system, and so far it has been profitable.

I have taken 25% partial profit at tp1 and tp2 - putting the stoploss to breakeven and tp1 - and letting it run to full at tp3.

What I would like to hear what you guys do - do you just set a fixed 1:2 RR or 1:3 - and do you take partial profits or just wait for either tp og sl?

Firstly I take profit 2R then move sl to breakeven, second take profit at 3R.
Today my EurGbp trade, take profit at 2R.

How much profit in procentage do you close at tp2?

Generaly half Tp1 and half tp2.
Today ı taked two trade from GbpUsd. One stop one takeprofit. Total ı gain 1R.

Hello everybody. Today ı taked position at EurGbp wit nice uptrend. First tp at 3R and second tp more then 4R.

Todays second trade from EurUsd with down trend. I close possition about 1,5R because of support.

GbpAud trade, take profit with 2R.

This is really a good strategy I joined in 2022... I left forex trading since then I hope to come back and refresh my memory on this strategy

Has anybody being able to redefined the strategy?