Mechanical Trading - Is it possible?

Trade Twenty One entered short on NZD/USD H4 chart

Trade Twenty Two entered short on USD/CHF H4 chart

Trade twenty one SL hit (-1R)

Trade Twenty Two SL hit (-1R)

Update for close of markets on Friday 10th May 2013

Since opening this journal I have entered twenty trades.

11/02/13 USD/JPY Buy Result +0.87R averaging 54.4 pips

11/02/13 GBP/USD Sell Result +2.97R averaging 148.5 pips

12/02/13 EUR/JPY Buy Result (-1R) losing (-50) pips

13/02/13 NZD/USD Buy Result +0.75R averaging 50 pips

15/02/13 USD/CAD Buy Result +2.42R averaging 121 pips

22/02/13 AUD/USD Sell Result +1.62R averaging 80 pips

26/02/13 EUR/GBP Sell Result (-1R) losing (-50) pips

01/03/13 EUR/GBP Sell Result (-1R) losing (-50) pips

04/03/13 AUS/JPY Sell Result (-1R) losing (-50) pips

04/03/13 EUR/GBP Sell Result (-1R) losing (-50) pips

06/03/13 AUD/USD Buy Result (-1R) losing (-50) pips

07/03/13 AUD/USD Sell Result (-1R) losing (-50) pips

07/03/13 AUD/USD Buy Result (-1R) losing (-50) pips

25/04/13 NZD/USD Buy Result O.32R averaging 29.9 pips

25/04/13 GBP/USD Buy Result 2.91R averaging 145 pips

25/04/13 USD/CAD Sell Result 1R This trade I had the EA set up wrong and it took 100% at 1R

26/04/13 AUD/USD Sell Result (-1R) losing (-60) pips

29/04/13 USD/CHF Sell Result 1.25R averaging 62.5 pips

02/05/13 AUD/JPY Sell Result (-1R) losing (-80) pips

04/05/13 NZD/USD Buy Trade (-1R) losing (-50) pips

08/05/13 NZD/USD Sell Result (-1R) losing (-50) pips

08/05/13 USD/CHF Sell Result (-1R) losing (-50) pips

I am +0.11R for the twenty two trades I have taken.

I am going to stop trading this method and go over to Realjumper's thread at http://www.forexfactory.com/showthread.php?t=373796 this is similar to what I've been trying to do here but has a winning track record.

Why would you stop using this system? I´ve been trading this with a live account for a while and having great success, would have even greater success when my trademanager wouldnt automatically stop all my positions when i change something... I dont use the extra supertrend indicator, it just adds extra lag and i dont trade every setup, only when i see some good momentum. Also using Dadas price action indicator (http://www.forexfactory.com/showthread.php?t=416131), but only as extra help. The basic setup you posted first actually works and perfectly well! I also follow the Realjumpers thread and he's system seems to work very well but it requires loads of screen time which means extra work, therefore has less value for me. I'll keep trading your system and will let you know how its going. Many thanks for sharing this priceless information, hopefully it keeps shoving me money

Hi Steve,
Any updates?

so far so good. have not been taking every trade and narrowed pairs down to eur/usd usd/jpy gbp/usd usd/chf usd/cad, basicallly the majors only. usd/jpy can be traded on shorter time frames as well but 4H charts work best. chekc my account, i have live feed of my trades. Started using this system (slightly tweaked) since spring, before that you can see i lost my shirt trading DJ30

Hi Ray,

Happy to see things going well for you.

I've adapted things slightly and now look for the pull back in the trend before looking for PA to get into a trade.

I've been posting here http://www.forexfactory.com/showthread.php?t=44759 to show what I'm working on if your interested.

If you've got the time post charts to show how you are seeing things.