Hello everybody. You will find my second system. This is a system which is very powerfull but that needs a good capital to trade with "large" stops. You must have enough money to trade with a 50 pips SL on €/$ with 2 lots minimum.
The philosophy of the system is to take a trend at the begining and exit on a weakness which could mean a reversal. But as a weakness in a trend does not mean reversal movement each time, you will have to exit only half of your position and let the other half running. You will exit only on a reversal signal.
Read the rules, test it in demo about 3 months (it is a 1h TF system), and if you are comfortable with it then trade it in a real account !
Note that you may have a Win/loss ration < 50% BUT your mathematical expectancy should be positive if you follow the rules because you have a TP/SL ratio very high !!! But you have to be psycholigically prepared to have more loser trades than winners. Not usual to be aware of this kind of approach :-) But try it you will be positive.
UPDATE : As few people trade on 1h systems, and as my brother use this system on 5 or 10 mn charts, I decided to update the rules to be tradable on shorter time frame. Hope it will be useful. I will post the perfect rules on shorter TF soon. So you will be able to try it use it and rate it.
The philosophy of the system is to take a trend at the begining and exit on a weakness which could mean a reversal. But as a weakness in a trend does not mean reversal movement each time, you will have to exit only half of your position and let the other half running. You will exit only on a reversal signal.
Read the rules, test it in demo about 3 months (it is a 1h TF system), and if you are comfortable with it then trade it in a real account !
Note that you may have a Win/loss ration < 50% BUT your mathematical expectancy should be positive if you follow the rules because you have a TP/SL ratio very high !!! But you have to be psycholigically prepared to have more loser trades than winners. Not usual to be aware of this kind of approach :-) But try it you will be positive.
UPDATE : As few people trade on 1h systems, and as my brother use this system on 5 or 10 mn charts, I decided to update the rules to be tradable on shorter time frame. Hope it will be useful. I will post the perfect rules on shorter TF soon. So you will be able to try it use it and rate it.
