Walkman MACM system

Hello,
i would like to share my system which i created. I am trading this strategy about 3 years. At the same time I traded also other strategies, so I do not have very long time results. But still you can see last five months results trading only this strategy.



Since february 2014 I traded this strategy separately from other strategies. In first trade explorer you can see first three months- february, march, april results. In second trade explorer you can see next month- may, june, july results. To see results clearer please check it as pips not as money. Because every month i traded bigger orders and filled deposit. In short:

1. February- 39 pips (about 9,2% profit according system money management parameters)
2. March- 43 pips (about 10,2% profit according system money management parameters)
3. April- 80 pips (about 19% profit according system money management parameters)
4. May- 61 pips (about 14,5% profit according system money management parameters)
5. June- 26 pips (about 6,1% profit according system money management parameters)
6. July- 38 pips (about 9% profit according system money management parameters)

All my trade explorers lives.



In general- almost all daily candles have nice shadows. On upper shadows we will try to sell and on lower shadows we will try to buy.

Trading pairs- only EUR/USD and GBP/USD.



Open order- let's make example for a buy order. At 13 hour UTC (UTC clock) we opening trading platform and waiting new low which should be 5-20 pips lower than previous. For sell order- oposite. For trading we are using 5M timeframe.




Take profit - 15-30 pips. It depends how active moving market and how big was daily range.




Stop loss- 15-20 pips. In extra cases you can use 40 pip stop los. It will be the same like open second order when first reached Stop loss. But you should use this option when you trading this strategy very well.


Close order.

1. When you think that it will not reach your take profit.
2. If you still have opened order till next day 0700 hour UTC and you have some profit than you should close order.
3. If you opened order at not very good price than you making +1 pip.

Money management- divide your account in USD at 4000. Example- if you have in your account 1000 USD than 1000/4000=0.25. It mean you should trade 0.25 lot.



Be careful, it is quite aggressive money management model. You can have only about 15 losing trades to lose your account. But if you trading fine it is quite safe. During last five months i didn't have more than 2 losing trades in the row.


Daily range- you should trade only when daily range is 50-90 pips, at that moment when you opening order.


Not trading- on friday.



Weak side of strategy- in general it is counter trend strategy.


"U" shaped day- you can also trade. See picture below. But be sure that you measuring 5-20 pips in correct manner.

Note- If you're reading this strategy not in 2014 years, then check what is average daily range. In 2011 it was bigger so stop loss was 30 pip and take profit 40 pip.



Potential- it is possible to make 40 pips every month. It is not maximum, it is normal.
According our money management parameters it is about 10% monthly. And it is about 210% yearly.
If you start with 5000 USD after five year you will have 1 522 408 USD.

Both trade explorer lives. I hope admin will solve this problem.




Example.
Last profitable trade this system.
I traded live account on 2014 05 24, GBP/USD.
You can check it in trade explorer in trade list.

your explanation is not clear. do you trade daily candles or 5 min candles ? you mentioned you check the shadow on the daily candle. so why 5 min ?

please elaborate your rules.


also, what time will it be london u.k. time, the utc you describe ?

is you trading result?

 

1. February- 39 pips
2. March- 43 pips
3. April- 80 pips
4. May- 61 pips
5. June- 60 pips

​

1. I wrote "In general" why we are using this system. We want to sell the high of the day and to buy the low of the day.
2. As it is written and you can see in charts- for trading we are using M5.
3. If everybody will ask timing according their time zone it will be mess. So please use it...

http://time.is/UTC



Please be patient, i will post live examples later.

Yes mara1, it's my.
I added two trade explorers that you can check it.

2100 UTC is not beginning of the day,why you say so then?
and why 1300 UTC its a chosen time for to see lowest or highest of the day?
I clearly did not get those time chosen.
can you explain more clearly please?
thanks
fred

Hey people, common.

We all live in different time zones. You live in USA,whatfx lives in UK. Of Course in USA it is not beginning of the day and it is not beginning of the day in UK and even in ToKyo it is not begining of the day.
There is only one time zone in which will be begining of the day. You just should mark by lines like i did the "begining of the day", and it will be clear. Let's be smart.
Therefore i write this system in UTC times.
This system works not because it is for me the end of the day in my country, but because after NY opening people trading opposite. And it will be after 1300UTC, although NY opens earlier.

Good day traders.

Today we had good setup to trade on GBP/USD.
One more good example.

Good day traders.
Last week we had good setup on EUR/USD.
I traded live so you can see this in my trade explorer.
I took 17,2 green pips.
And it is about 4,1% profit.
One more good example.

Good day traders.
Today setup on GBP/USD.
I traded live so you can see this in my trade explorer.
I took 18,7 green pips.
And it is about 4,3% profit.
One more good example.

Good day traders.
Setup on EUR/USD.
I traded live so you can see this in my trade explorer.
I took 14,9 green pips.
And it is about 3,5% profit.

today Setup on EUR/USD.
I traded live so you can see this in my trade explorer.
I took 21 green pips.
And it is about 5,4% profit.

Yesterday was setup on GBP/USD.
I traded live so you can see this in my trade explorer.
I took 17 green pips.
And it is about 4,1% profit.
"U" SHAPED DAY

Attached Image (click to enlarge)

hi, why did you take the second dip and not the first? I took the first but the second stopped me out, please advise
thanks, Steve.

You should buy at least 5 pips lower than the price was today. The rule is that you should take orders at least 5 pips (5-20 pips )lower. If you take first dip it was only about 3 pips lower. If you check in my updated image that you can see that i had pending order minus 5 pips but it wasn't fill, i decided to open by hand.

1300 utc is 9am New York time and for start of day use 1hr bars count 16 bars back from 9am ny time and put line.

I like your idea Walkman -- trade only 4 hours a day ,-no stress

Gotcha, thanks Walkman