For those of you who commented on my 1st attempt to create a trading system thank you. I took all that you suggested and have made another attempt. I worked with a friend and my father on this one. It is partial based on a moving average. System trades both short and long Two mini lots are traded each time with stops at 50 pips and 1st limit at 30 and 2nd limit at 100. The system was tested from 2/03 to 5/05.

Results for usd/chf

Starting funds 5000

Net profit 1996.

Gross pofit 8626

Gross loss 6630

Total trades 498

Winning trades 335

Largest winning trade 87

Lossing trades 163

Largest losing trade 44

Max consecutive winners 21

Average consecutive winners 6

Max consecutive profit 559

Max consecutive losers 12

Average consecutive losers 3

Max consecutive loss 526

Absolute drawdown 29

Max drawdown 1013 (15.1)

Unlike my 1st attemp this was does trade both long and short (as per previous suggestions), and is also profitable trading on eur/usd; gpb/usd; and eur/chf (again as per your previous suggestions). It was not profitable trading usd/jpy; usd/cad; and aud/usd.

Please your comments on whether this is a workable trading system is much appreciated. I am working very hard to find something that will work and produce some sort of income for my family. You honest opinions and suggestions would be greatly valued.

Thank you

pogibaby

Results for usd/chf

Starting funds 5000

Net profit 1996.

Gross pofit 8626

Gross loss 6630

Total trades 498

Winning trades 335

Largest winning trade 87

Lossing trades 163

Largest losing trade 44

Max consecutive winners 21

Average consecutive winners 6

Max consecutive profit 559

Max consecutive losers 12

Average consecutive losers 3

Max consecutive loss 526

Absolute drawdown 29

Max drawdown 1013 (15.1)

Unlike my 1st attemp this was does trade both long and short (as per previous suggestions), and is also profitable trading on eur/usd; gpb/usd; and eur/chf (again as per your previous suggestions). It was not profitable trading usd/jpy; usd/cad; and aud/usd.

Please your comments on whether this is a workable trading system is much appreciated. I am working very hard to find something that will work and produce some sort of income for my family. You honest opinions and suggestions would be greatly valued.

Thank you

pogibaby