Mkcky's GBP System.

Hi

is Mcky System being tested out at all this year, has there been any new developements using this system?

regards
AB

Mkcky,

Nice simple system you have there.

Mine isn't so very different. Here it is.

In the 15-minute timeframe, use three consecutive higher lows (indicating long) or lower highs (indicating short) as entry triggers, with 30-pip stops and 115-pip limits. Profits of 14 pips or from 72 to 115 pips can be taken. When there is a 15-minute close with a 50 to 71 pip advantage, a 14-pip profitlock stop is set. When there is a 15-minute close with a 72 to 114 pip advantage, the position is closed. The position is also closed if the 115 pip limit order is executed by the online broker. No stop-and-reverse tactic is executed when stops are hit for losses.

No further trades are entered until 2:00 AM the following day (New York time) if two stopouts are seen since the previous 2:00 AM.

NOTE: "three consecutive" means you actually look at FOUR BARS. The first
one is the reference point. You must see three increasingly higher lows
to go long, or three increasinly lower highs to go short.

To backtest this trading strategy on 15-min GBPUSD data from
Nov 1 2004 to Jan 24 2005, download the backtest kit.

If you need WinZip to unzip the zip file, you can get it here.

Does anybody think maybe that if using the Mkcky System that when the market is extremely volatile you could use a trailing stop loss, instead of an open profit order?

regards
AB

i make a program to back test the Mkckys system but there is a loossing one

In one of the previous posts on this thread, Mkcky said that in October he had more success with the GBP reversal system and that he would post results elsewhere. Can anybody elaborate on that system or point me where I can read up on it? Thanks for any advice

Is anyone still working this GBP/USD system?
How is it going this year?

I agree to trade with a leverage of 1:100 if you are trying to minimize your risk.