PinoFX Magnetic System

Starting from next Monday (after the US session ends), I'll be posting here on a daily basis the signals and the results of my new "PinoFX Magnetic System", I'm still backtesting it, but so far it is profitable and has great results.
I'm only using GBP/JPY, siganls (Entry orders not market ones) will be placed after the US session ends together with the results of the previous day.

Happy trading and nice weekend

Hi,

Do you mind sharing your system rules as well?

Thanks

Looks like another sales pitch coming our way...

Excuse me, I've been trading forex since years, and I had many threads here in this forum providing signals for different systems that I made myself, and I have never asked for selling my systems, and I would NEVER do such a thing, and I guess that some members here knows who am I, and that they know that I'm not that kind of people who look for selling my systems.
I will only post signals and results in this thread, and I would like to keep the rules of this system for the time being, until I make the final setup as I'm still backtesting it as I posted in my 1st post.

I can assure everyone that pino is not selling anything

Pino has been providing us with signals and tips and I don't think he has any such intentions. Waiting for your system pino

Hi pino,

I like your trading style,less talk more action(as action speaks better than words)..keep the good work up ! and remember you spark the trading instincts in me..cheers. D.B fx

I always wanted to see a successful strategy of a counter-trend trader.

This system is completely different than any other system I made, and very simple as well, bringing good profit, but extremely risky for the time being till I finish the final setup.

I'm testing it now on a $7000 demo account, my main cocern in this system is that I'm not using SL, but on the otherside it gave me good results by using the current setup.

I aim in this system to make it a set and forget system, but for the time being it can't work this way.

Signals for Tuesday 25th of March 2008 for GBP/JPY:

Sell Entry order @ 201.00 (1 lot) TP @ 200.50
Sell Entry order @ 202.00 (2 lots) TP @ 201.50
Sell Entry order @ 203.00 (4 lots) TP @ 202.00

Buy Entry order @ 198.00 (1 lot) TP @ 198.50
Buy Entry order @ 197.00 (2 lots) TP @ 197.50
Buy Entry order @ 196.00 (4 lots) TP @ 197.00

I don't use SL with this system for the time being until I find the best setup.

Whoever wanted to use these signals only use it at their own risk since this is not the final setup, and I recommend ONLY to place the orders on a demo account, besides that it is not suitable for small size accounts, it can blow up your account, I even can't call it a system until I'm done with the final setup.

Best wishes and happy trading

I think this system is kind of immature yet or needs a lot of testing and development. You introduced better systems in the past and I think you can do better. Good luck

I mean no offense by this but I am surprised you said you've been trading for years and are even considering this. You are just fading the trend martingale style. Raising your average price with higher lots waiting for a retrace. Sometimes works well but the one time it doesn't, and it will happen, you're account is done.

No not at all, I respect your opinion and I agree with what you said.
All orders are cancelled, none were executed today, and thread will be closed, either I will rebuild this system or start thinking of making a new reliable one.

It was my fault from the begining to place a system that has no system.

Best regards and happy trading to you all.