The Fundamentalist System

Hi guys

Firstly sorry for my bad english I only Managed a C in GCSE English. I did manage to a A* in maths though

Ok simple system which may actually see you have open positions for > 1 year.

Entry
Currency 1 decides to lower it's interest rate.
At there next meeting Currency 2 decided to raise there interest rate.

This happened most recently on the AUDUSD. USD lowered AUD raised. This was the signal to buy the AUDUSD. If the reverse had happened you would sell AUDUSD.

SL 1000 pips
TP 3000 pips

Earning interest is the cherry.

If the currencies decided to reverse there interest decisions i.e move to lower to raise or from raise to lower. Close positions.

This system isn't in anyway new. If I knew who the original creator of the system was I would give them credit here.

Your strategy seems to be very interesting. I'll definitely going to try out and see how it performs. thanks for sharing. Can you share the results using this strategy.

If you stick with the numbers I gave you you will be profatable with the following US pairs:

AUDUSD.
GBPUSD.
EURUSD.

(These are the pairs I have generally traded)

The main problem with this system is that it can take months to years for an entry signal to be generated. It is working on the funamentals of the market.

How will more volitile pairs perform with the system is unknown to me.

This system is being traded successfully by the person who gave it to me (A uni friend who got me into forex). He earnt alot of money from this system and ended up leaving the UK for the UAE for tax reasons.

His system is far more developed from this he increase and decreases his position size depending on what countries do with there interest rate.

The reason I like this system is that it makes sense far more so than any technical system i have tried.

So far as i undestand your system it says if the interest rate of a currency is increased e.g. aud and of other is decreased e.g. usd we go long on aud/usd as soon as the interest rate is announced. I guess it would take a long time to reach the target or stop loss. Can you explain a bit the more developed system of your friend.

Oh my friend even though he uses the same entry points that I do has a whole bunch of additional rules. i.e after the next interest rate decision he may decided to increase or decrease his lot size or move his break even.

Interest rates are the BIGGEST fundamental factor in the forex market.

Dear Riz!!

Do you still have any contact for your friend in Dubai. I am currently residing here

regds

Zamir