One breakout a day + semi-martingale

Hello.

Rules:
1.Break out previous day Hi(max) or Low(min) on eurusd.
2.One trade a day either buy or sell which occurs early.
3.TP50 SL20
4.Place limit orders between 22:00 and 23:00 GMT for next day.
5.If price closer than 10 pip to max or min don't trade.
6.Some times after weekend if open price higher of max or lover than min don't trade.
7.After win start from 100 units (oanda).
8.Each time lose increase position on 100 units.
9.After 6 lose in the row start from 100 units.

Starting from Monday. Live trade. Obviously gain and lose will be in small amount with this unit size.

During forward test with another strategy from 20/08/10 I had
1 lose after win - 11 times
2 loses in the row after win till next win - 11 times as well
3 loses - 4 times
4 loses - 4 times
5 loses - 3 times
No 6 and higher.

Attached exel file have some counting related martingale part of trade.

Thanks.


Update 16/05/11

After 2 months of forward and some back tests I decided to change some rules:
1. TP 50 pip will not change case eurusd after genuine breakout have aproximatly 50 pip move before dip retracement.
SL change up to 15 pip case if we have good breakout price not retrace more than 10 pip. No point to lose extra pip if we can change martingale sequence in our faver.
2. New sequence are:
100
130
169
220
286
372
484
629
Benefit :
I can lose up to 8 times vs 6 before with same risk of the maney.
Each win gives us constant income 50 cents.

New exel sheet uploaded with new and old rules.



15/06/11
Finished journal with following results:
Total: 501 cents, 15 win, 27 lost trades.

Hello.

Now Price is 1.4172
Friday max 1.41862
Min 1.4041
We are within and more than 10 pip, lets put limit orders with 100 units for the start.

Thanks.

Hello.

Yesterdays position closed with -20 pip and 100 units = -20cents
Today:
Max 1.42398
Min 1.41389
Position size increasing up to 200 units.

Thanks.

Hello.

Result: Lost 20 pip 200 unit = 40cents
Total: -60 cents and 2 loses.
Today max: 1.42483
Min: 1.41797
Position size for next trade 300 units

Thanks.

Hello.

Result: Lost 20 pip 300 unit = -60cents
Total: -120 cents and 3 loses.
Today max: 1.42146
Min: 1.40774
Position size for next trade 400 units

Thanks.

Hello.

Result: Lost 20 pip 400 unit = -80cents
Total: -200 cents and 4 loses.
Today max: 1.42701
Min: 1.40040
Position size for next trade 500 units

Thanks.

Today did not triger any order - inside bar.

No trade for monday case open price (1.4051) out of diapasone. Lower than min (1.4055) friday price.

Hello.

We had no trade for 2 useful days.
Total: -200 cents and 4 loses.
Today max: 1.41156
Min: 1.40266
Position size for next trade still 500 units

Thanks.

Hello.

Result: Lost 20 pip 500 unit = 100cents
Total: -300 cents and 5 loses.
Today max: 1.41487
Min: 1.40471
Position size for next trade still 600 units

Thanks.

Hello.

Today again did not triger any order - inside bar.
Total: -300 cents and 5 loses.
Today max: 1.41475
Min: 1.40525
Position size the same for next trade 600 units

Thanks.

Hello.

Result: Lost 20 pip 600 unit = 120cents
Total: -420 cents and 6 loses.
Today max: 1.42331
Min: 1.41295
One cycle is over that mean I start with position size for next trade 100 units

Thanks.

Hello.

Result: Win 50 pip 100 unit = 50cents
Total: -370 cents and 1 win.

We win that mean cycle is over and I start with position size for next trade 100 units

Thanks.

Hello.

Total: -370 cents.
Friday's max: 1.42456
Min: 1.4062
Position size for new trade 100 units

Thanks.

Hello.

Result: Lost 20 pip 100 unit = 20cents
Total: -390 cents.
Today max: 1.42506
Min: 1.41932
Position size for new trade 200 units

Thanks.

Hello.

Result: Lost 20 pip 200 unit = 40cents
Total: -430 cents.
Today max: 1.42459
Min: 1.41517
Position size for new trade 300 units

Thanks.

Hello.

Result: Win 50 pip 300 unit = 150cents
Total: -280 cents.
Today max: 1.43496
Min: 1.42526
We win that mean cycle is over and I start with position size for next trade 100 units.

Thanks.

Hello.

Result: Lost 20 pip 100 unit = 20cents
Total: -300 cents.
Today max: 1.43269
Min: 1.42427
Position size for new trade 200 units.

Thanks.

Hello.

Result for 08/04/11: Win 50 pip 200 unit = 100cents
Total: -200 cents.

Position size for new trade 100 units.

Thanks.

Hello.

Total: -200 cents, 3 win, 7 lost trades
Friday max: 1.44882
Min: 1.43841
Position size for new trade 100 units case we won last time.

Thanks.