To compliment the Jalno#1 Scalping System I bring you Jalno#2.
This system works on any time frame when optimised to each TF. Best on most volatile pairs, especially GBJPY.
So what so great about Jalno#2?
Jalno has 2 money management functions, fixed lot size and % risk per trade,
Well it has completely different logic than Jalno#1, it uses momentum and price action to determine entry. It enters only at start of new bar.
The Take profit is > X2 greater than stop loss.
It demonstrates exceptional 90% backtest data over 3 years, taking 10k to 70k with 20% drawdown on the 5 min chart.
1 hour backtest.....10k to 160k with 28% DD. Good Risk/reward, risk 5% per trade.
4 hour backtest.....10k to 65k with 15% DD, risk 2.5% per trade.
System can run on multiple timeframe for diversification.
It is less sensitive to minor spread changes broker to broker.
I will publish all backtests to: https://www.myfxbook.com/members/Jalno
DEMO version available 1-2 days,
A very exciting system for all!!!
GBPJPY 5min/1hour/4hour image backtest.
This system works on any time frame when optimised to each TF. Best on most volatile pairs, especially GBJPY.
So what so great about Jalno#2?
Jalno has 2 money management functions, fixed lot size and % risk per trade,
Well it has completely different logic than Jalno#1, it uses momentum and price action to determine entry. It enters only at start of new bar.
The Take profit is > X2 greater than stop loss.
It demonstrates exceptional 90% backtest data over 3 years, taking 10k to 70k with 20% drawdown on the 5 min chart.
1 hour backtest.....10k to 160k with 28% DD. Good Risk/reward, risk 5% per trade.
4 hour backtest.....10k to 65k with 15% DD, risk 2.5% per trade.
System can run on multiple timeframe for diversification.
It is less sensitive to minor spread changes broker to broker.
I will publish all backtests to: https://www.myfxbook.com/members/Jalno
DEMO version available 1-2 days,
A very exciting system for all!!!
GBPJPY 5min/1hour/4hour image backtest.
myfxbook DOT com/members/TopTradeBot
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