My simple weekly system

Hello Guys,


Sometimes ago I dropped regular trading for work and hobbies I had decided over time. Hence, the need to develop a weekly swing strategy that one can trade part-time came to mind. After tweaking it for a while, I was able to come up with this five trades a week (usually at the start and the week i.e Monday to Wednesday). It employs the use of pivots and moving averages. Returns can be seen on my trade explorer.

see screen shots and trade explorer.

and details can be found on in my Amazon page.



SEE POST 12 FOR PERFORMANCE ON TINY LIVE ACCOUNT



This strategy still works but you will have bad months

I did not trade this week. Really busy. However I have a freebie. Attach to GBPUSD, XAGUSD, GBPCHF and AUDCHF at 00:00 gmt. or (EURUSD,GBPUSD,GBPCHF and EURCHF)

the draw down are big it is still in a development stage keep at 100$ max and close all trades in Breakeven if there was serious drawdown in the week.

View the Performance here

I don't use it anymore because I don't have the time to monitor it.

hey guys.

had amazing returns this week/ account is up by 18%. i did not trade last week but it appears this week have compensated for all my loses.

Hi Bro Adewumi,

Can you please put some more information how u trade. There are MA's and Pivot but I cannot understand how u trade on 4-hrs - If you r working full day. Appreciate your help.

Bomi

Missed a couple of trades could only get 2% this week.

Do leave review behind

I intend publishing two more strategies

One positional strategy and one intra-day strategy.

Scalping may come if I get good sales.

I think u r too busy making strategies rather than simply replying the query. Anyway thanks for nothing.
Bomi

I sent you a private message and never got a reply. So I held my peace. How has trading been going?

This week trades was better than last week trades. Thanks to JPY the BOJ did pretty well for trendy fellows like us

poor week for my the jpy pairs were just poor

the strategy is Still going great;
I particularly love the ease with which trade is entered and exited.

I have been working on ANOTHER SYSTEM which i call Gold Trends;
The other one has been making money for people around the world, so i felt i needed another challenge. Do well to join the queue.

This one is free and can be discussed here.

Kindly find the details of the new system

Set up of the Gold-Trend strategy

For buy
Look for a market that is trending up such that the TMA CG indicator points in the direction of 2 O'clock on your
Wait for an Asctrend buy signal to form below the middle TMA CG band
place your buy trade


For sell
Look for a market that is trending down such that the TMA indicator points in the direction of 4 O'clock on your
Wait for an Asctrend sell signal to form above the middle TMA CG band
place your sell trade trade


sell example





Buy example




Take Profits
Take profits should be placed at the middle or top and bottom bands bands (top for buy, bottom for sell);
if the arrow was formed around the middle then you will have to place your TP at the top of the band for buy and the bottom for sell.


Stop loss
Stop loss should be placed some distance above the buy or sell arrow that triggered the trade


Notes:
This strategy works. It struggles when the trend is weakening or is about to change. two consecutive losses in a row should hint you that that market has lost its momentum.You can try it on any timeframe above 1 minutes. Spread is not my friend on that time frame.

This system performance can be seen on live account via this trade explorer

https://www.forexfactory.com/adewumi#acct.73

watch out for my commercial EA's doing 30% annually for starters. At least that is better than the equities market that does 10-24% annually.


The strategy here is still doing great but needs a sound understanding of price action. see trade explorer for live account details

Finally, my first EA is out. More to come hopefully. Still in development but great on many currencies; functions best on Ranging Currencies.

Statements attached

Update:

This strategy is still doing well but not as well as planned for the following reasons;

1) Tp's are not being hit when the market is not trending strongly (traders may require to use a daily trend strength indicator to boost performance)
2) it needs hourly or 4 hours routine monitoring else account will be drained at 4% per loss for a couple of weeks

Conclusion
The strategy is still good however, you may need to augment it by carefully screening and closing your losses when the signal is lost.
you can do that with a good trend strength indicator on the daily.

I have now moved on to other projects as the information in the book is still good enough to help beginners avoid the major pitfalls. it also helps to explain why people with the same strategy get different results


for those still interested in a strategy I am still using, this one from this post is still very good.

This live account was removed. the 20$ npfx capital was too small to hold bad weeks more so I am now trading another strategy on it which makes the results here irrelevant

Developed a very nice expert advisor EA that nets 15-30% per month depending on account size and lot sizing. Test and contact me if you would want it. It only works on demo and tester. Thanks everyone

I just said I should dump some of my stuff here

Set 2
Indorun Mr rsi awesome trade copier eax blue set file