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Simple Monthly System (see attached calculator)

  • #41
  • Feb 24, 2020 5:53am Feb 24, 2020 5:53am
I used the default settings of the EA
What are your results ?
  • #42
  • Feb 24, 2020 6:08am Feb 24, 2020 6:08am
Quoting zoraxfx
I used the default settings of the EA What are your results ?

I've not tried it since posting, my BT wasn't showing showing very good results, maybe others may have some results to help you.

Asw
  • #43
  • Feb 25, 2020 11:11pm Feb 25, 2020 11:11pm
Hi Asw


Could you adapt your EA for the same strategy ....but weekly


https://www.forexfactory.com/showthread.php?t=976730
  • #44
  • Feb 29, 2020 3:49pm Feb 29, 2020 3:49pm
Get ready for this march month guys. Set up soon to come
  • #45
  • Mar 3, 2020 6:26pm Mar 3, 2020 6:26pm
My results for last week - Mon Feb 24, 2020

GBPUSD = 65
GBPAUD = -243
GBPCAD = -175
GBPJPY = 100
GBPNZD = -294

Total = -545

The risk is three times greater than the reward. I can't see how a system like this can work. Please let me know what I am doing wrong.
  • #46
  • Mar 3, 2020 8:28pm Mar 3, 2020 8:28pm
Quoting pbw
My results for last week - Mon Feb 24, 2020 GBPUSD = 65 GBPAUD = -243 GBPCAD = -175 GBPJPY = 100 GBPNZD = -294 Total = -545 The risk is three times greater than the reward. I can't see how a system like this can work. Please let me know what I am doing wrong.
Isn’t this one week of results or one month? I guess it is better to wait until the end of March to see if this strategy really works. Also, the thread starter has posted past results that showed a few losing months. But at the end of that year, the account was still in profit.
  • #47
  • Mar 31, 2020 7:04pm Mar 31, 2020 7:04pm
april is here
  • #48
  • Mar 31, 2020 9:40pm Mar 31, 2020 9:40pm
Quoting pbw
My results for last week - Mon Feb 24, 2020 GBPUSD = 65 GBPAUD = -243 GBPCAD = -175 GBPJPY = 100 GBPNZD = -294 Total = -545 The risk is three times greater than the reward. I can't see how a system like this can work. Please let me know what I am doing wrong.
If you are sticking to the rules of this strategy, then the only thing you are doing wrong is putting too much confidence in the rules. It's important to understand that this system only works on certain conditions. If those conditions aren't there, then it could be disastrous.

Strictly following the rules of this strategy is a roll of the dice. In other words, it's like gambling.

To make this thing work, you have to put some thought into your charts before placing your trades. If the conditions needed for this strategy to work aren't there, then it would be wise not to use it in my opinion.
Learn from your mistakes and march on.
  • #49
  • Last Post: Apr 15, 2024 12:49am Apr 15, 2024 12:49am
Happy Anniversary, since last post

It takes a lot for me to IGNORE you, but you can try.
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