I want to share the system that I started trading this November. I'm getting some very good results, I got 720,6 pips trading GBPUSD (this value includes the typical spread of 2,5 pips, I trade with Alpari Uk).
Here it is:
- Draw a box over the 8.00 and the 8.10 candles on a clean 5 min chart (GMT +1, for more information on timezone conversion go to http://www.timeanddate.com/worldclock/converter.html).
- Place a buffer of 10 pips over the high and low of the box.
- Put two pending orders, one buy stop at the high of the box (including buffer, of course) and one sell stop at the bottom of the box.
- Stoploss is the low of the box in a buy order and the high in a sell order.
- Take profit will be the box size in both cases.
- One order does not cancel the other.
- Orders expire at 23.00 GMT+1 of the next day.
- I the take profit of the first orders is not reached I duplicate the lot size in order to cover my previous loss and still make profit, if i have a loss in the second trade I wait until the next day. There will always be a tomorrow.
Remember, manage your risk wisely, never risk more than 3% of your equity in one trade.
I'm forward testing this method in a small live account and will continue until I have satisfying results that can give confidence enough to trade it on a bigger account and join it to my trading portfolio.
What do you think about this system?
Here it is:
- Draw a box over the 8.00 and the 8.10 candles on a clean 5 min chart (GMT +1, for more information on timezone conversion go to http://www.timeanddate.com/worldclock/converter.html).
- Place a buffer of 10 pips over the high and low of the box.
- Put two pending orders, one buy stop at the high of the box (including buffer, of course) and one sell stop at the bottom of the box.
- Stoploss is the low of the box in a buy order and the high in a sell order.
- Take profit will be the box size in both cases.
- One order does not cancel the other.
- Orders expire at 23.00 GMT+1 of the next day.
- I the take profit of the first orders is not reached I duplicate the lot size in order to cover my previous loss and still make profit, if i have a loss in the second trade I wait until the next day. There will always be a tomorrow.
Remember, manage your risk wisely, never risk more than 3% of your equity in one trade.
I'm forward testing this method in a small live account and will continue until I have satisfying results that can give confidence enough to trade it on a bigger account and join it to my trading portfolio.
What do you think about this system?
Attached File(s)
b-clock modified aph3xx.mq4
1 KB
|
538 downloads
ant-GUBreakout_V.0.4.1-4.ex4
13 KB
|
576 downloads