1min Tricolour

correct - last 2 days have shown very weak rallies and retracements

But it made 25% ROC for a 5% risk

cheers

P

Thanks

Most things that have a chance of working are simple..this is not the holy grail but if it helps or you can use parts of it in another system or on another time frame then we have succeeded in our quest

...To help others and to receive help ourselves

p

Thanks Paulus.
It has potentials on 5 min as well.
I see it can pick up trades where the freebie system fails and vice versa.

Cheers for your new system

Good work mate.

First of all Paulus, thanks for your brillant simple approach.

Tried V1 on the Dayly time frame and YES, it works also.
I use OANDA as my broker, so I can adjust my "lot size" everytime exactly to my 1% risk. The smallest "lot" on their plattform is literally 1 Euro, (they will take such an order.)

On the Dayly, you get very few opportunities, maybe 1 or 2 a week on 50 pairs...
Interestingly though, with V2, I will try on any time frame (smaller charts on busy trading hours..London/N. York)...AND , instead of your 1 R Stop (5% in your case), I will simply put a trailing stop of 1 R, (which is not exactly the same, spikes could kick you out) but close enough, and gives me a chance to : open my computer any time, look for a trade (5 min, 15 min, Hour, etc..) put the order and go do something else..!!

I will let you all guys know what happened after the first week of testing with real money..

Paulus thanks again..

Look forward to it all we need is an edge...... 51% winners with 2:1 RR will do it

Cheers

Entered at 10.24, now moved SL to the level of original entry point.

Same trade different broker.. 2:1 rr hit.

another 3 trades, 2 winners 1 loser

2nd attempt on this EU trade.

Last 2 of the day for me.

Great Entry. As always good MM crutial.

2xLong entry

long signal. SL reached.

Short trade.

I have found three signals during last minutes.

U/CH Long

TP taken at 5% level.

I haven't taken this short because London is closed, and market is extremally oversold.

I think it would be lossing trade.

Good morning guys!

Thanks for sharing Paulus, this system looks really good and i will start with demo-trading on monday..

Is anyone of you already trading this system live?
How do you guys handle news events? stop trading 30min before for example?!

I also have to look for a new broker.. my ECN-broker allows a leverage of 1:200 and i guess that i need a higher leverage with my account size..

It's also good to know that this system is jmflukeiii-proofed - good to see you here..

Have a nice day!
Mathias