Simple MACD w/ Semi-Martingale MM

System is as follows:

Eur/Usd Gbp/Usd 4h charts.

Enter at the candle after the cross, cross down=short and vise versa.

Stop loss will be the high/low of the previous 3 days (3*6=18 candles).

Exit half after Bollinger Band is touched, move the rest to brake-even and exit another half at 100 pips. Let the rest run and exit at MACD cross. Always exit at a cross and reverse position.

The Money Management will go like this 1-1-2-2-4-4-8 etc. Double after 2 losses. On average you wont need more than three trades to find the market direction. I haven't done backtests just by eyeballing the charts. If anyone is willing to backtest, by all means do so

Just by looking at the charts this could make 200 pips or more per month.

Here is a Euro Trade entered 28 Feb

[img=http://img123.imageshack.us/img123/2111/macd4hel5.th.jpg]

What's left after you've taken two halves of your lots out of the trade?

half of the half=1/4, this would be 1 lot if you started with 4 lots. 2 exited at BB 1 at 100 and 1 left in until another cross or whatever other level you think it will find S/R...

What are your indicator settings?

Default settings. Here is the MACD I use

Nice looking MACD...Thanks

Anyone trying this system?

Doubtful. It uses early exits ("take half off"), which goes contrary to "let your profits run", and it uses a "double your position when you lose" position sizing strategy, which goes contrary to "cut your losses short". Even if it had a reasonably high win rate (which it won't, since it's just a macd crossover and is thus really no better than random) and relatively big winners, the poor money management aspect of the system would be hard to overcome. Nothing is said of R:R ratio, and I'd be willing to bet that the initial stop size (up to 3 days range) is probably not double that of the potential reward (other side of the BB). Save your time, and find another system that is well thought out, IMO.