Hippiedog's Keep it Stupid Simple

Feel free to post music videos here.

I originally posted this on rags to riches thread but not my thread so thought id better start this for any body looking to know more or try something new.

Ok so really stupidly simple way to trade, high risk, high reward blar blar blar...

Feel free to tweek this Idea, post your trade ideas etc etc blar blar blar cool...

So my method of trading can help people achieve there compounding goal perhaps starting from the smallest account size first and working up without risking 50% like in rags to riches but instead just building an account fast.

This strategy is high risk but hugely rewarding and I make no claims to it been bullet proof trading ok.

What you will need is two Bollinger's.

Set the one Bollinger to 100/2
Set another Bollinger to 100/3

Using the 2 hour and 4 hour look for price to hit the outer Bollinger 100/3 and close back inside inner Bollinger 100/2 heading back toward the mid line.

This is your first entry point.

Below that entry enter orders every 20 pips for a 20 pip take profit no stop loss.

Example

Entry trade 1 @ 1.6000 100 pip tp

Order 1 @ 1.40 20 pip tp
Order 2 @ 1.38 20 pip tp
Order 3 @ 1.36 20 pip tp
Order 4 @ 1.34 20 pip tp

And so on and so on

Obviously this method is not without drawdown hence start with the minimal account size possible for you and close any stragglers when profit target is hit.

Should first trade take of nicely and hits mid line prior to reaching 100 pips close anyway.

Discipline is key close all trades as soon as net equity show 100 pip profit for that trade size.

Ok so happy trading, have fun, look forward to seeing you on this thread post thingy.

Currently watching EUR/AUD 2H and AUD/JPY 2H looking good for set ups. Looking for 100 pips from both. Wait and see what happens.

You can get Bollinger band alerts and all sorts of alerts here if you don't know of any where else. https://timetotrade.eu/

If and when G/U touches 1.535 I will have made 600 pips just on this pair alone since been in this trade now 2 weeks, some last a day some weeks, be warned.

Watchlist

Im In on AUD/USD 60Min not advisable unless you have large account. 2H and 4H recommended for first trades as they are more reliable.

Hope this plays on here I like this album. Tame impala.

Ok so hope any body interested gets the idea, I will post watchlists when I see them. Good luck

Hi, hd.

few quick questions:

1. position sizing: are all positions of same size? 1st and following trades ?

2. draw down: what's the max dd you experienced against max return ?

3. do you shift targets with more trades open or maintain the original targets no matter what?

Thanks,

Khalil

Hi Khalil

1: All positions in one trade are sized accordingly to your compounding needs but yes all trades should be same lot size as the others in that trade. Start with small micro amounts eg 100 pips £7 E/U for example is enough, soon builds up your account but likewise can soon create drawdown. Like I said its not bulletproof but it works...

Fortunately im able to throw a load in extra if I see or expect a push in the right direction, so as much as it is lazy trading you still require the knowledge of the days news events and so on, use them to your advantage.

Not advisable to attempt it from Bollinger band squeeze either, wait until price has made some distance away from the midline and take 2 or 3rd break from the 100/2 inwards, also use channels and breakouts to predict the next move and recognise fake outs.


2: Had some very scary draw downs but they were ok in the other hand because I started trading this method away from my day trading as an experiment and took some advice from somebody and began this on the smallest micro account position size and Just on a micro it grew very quickly, you can make 100's of pounds a week just from a micro if you look through the markets all day for opportunity's. But I will be posting on this thread what I see and should any body spot an opportunity I would be very grateful to know also.

3: Yes I am always shifting targets. You will get so used to it after a while though. I cant give you the shift in targets obviously but has been as much as 100's of pips. Sometimes its midline, sometimes Ema's sometimes fib, S and R etc etc etc I still need to monitor the situation but for compounding it is fast and effective.

The main thing to look at is your net equity, if your net equity is showing +100 pip value for that position size close any negative trades, you won your 100 pips. But its your call ultimately

It is a risky way to trade but it is highly rewarding when you get the hang of it.

Thnax for the out of the box method. ...Thanx man

Also I am not claiming that I know it all because I don't, feel free to tweek it and trial a better method and let me every body know on this thread, im always happy to learn new ways of trading for big gains and that's why I like this, I find this easy to recognise a good entry and then when spotted I get to work around that area looking for good opportunity to make big gains

All the same buddy, you can use this for 1 min scalping just the same but I find it more reliable on 2H and 4H it is just two bollingers 1 set at 100/2 and another set at 100/3.

You can also use Keltner channels setting at 40/2 and 40/4.

You can get 2H on cityindex advantage web if you want the 2H as well. http://www.cityindex.co.uk/log-in.aspx they have demo available as well I think.

Great example of 60minute entry followed by huge drawdown, be warned......

When you say bb 100/2 and 100/3 2 and 3 are the deviation?
I dont get the entry point very well. Can you put the entry and reentries i the others graphics?

highly risky pattern ,prob bearish in the neck

How much cash i have to deposit to play 0,01 lots per position ?

started a thread in platform tech to find some one to create an EA from this idea----after getting permission from OP thankx hippydog

http://www.forexfactory.com/showthread.php?t=561102

The EA was great idea for backtesting too!!
This system doesn't require constant attention but if it can be runned on several symbols would be great.
Sorry about my english