S&P 500/US500 Profitable System Trader

I found a unique way to trade s&p 500 (us500) index which is available on most forex accounts for 24 x 5, margin used per 1 lot (1pip=1$) is around 3usd at pepperstone. I used my successful manual strategy coded into an automated EA to replicate it.


I have started a fresh 20k account journal overhere today 7/1/2016 on the same and would let it trade with my software to make profits consistently with least DD.

Feedbacks/comments are welcome

Thanks,

Scoobi

You are hedging both ways & both losing.???
Martingale.?
What is the strategy behind this.?

It would be staying neutral (hedged) till its in a range and identifies to go in direction of sp500 starts moving and collects pips overall..


It won't lose both sides, i made sure it keeps saving last traded balance now say 20083 once its up by 50bucks it clears all open orders an resets new balancee to 20133 in the mean time it keeps just scalping pips both sides..


sp500 is the narrow range of 2091-2098 from last US session, we are awaiting this train to move and gain traction for us to capture pips and move .

Dont get intimidated by 10lots (its same as 1 lot of currency pairs). 1pip=1lot=1$

CrazyOz, we broke the range from 2091-2098 and trending up 2106 all the orders overall got the netprofit and closed and its trading afresh.

Its pretty accurate with this approach which i used manually 2-3yrs found it suitable for automating finally.

cheers mate,

Scoobi

pepperstone sp500 1 lot (=1pip=1$) margin 3usd is the right setup to run on 2k live. Hence with the trade explorer above for 20k default lot size is 10 to make profits work in ranging (or) trending market. many folks asked to give trial on other brokers if the trading condition is matching pepperstone for us500 (a.k.a sp500) then I would like to help.

cheers

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