USDCHF is trading in range, Will Martingale works on this strategy????
The Swiss franc currency is trading flat/range after and before the swiss crisis.
Most range traded currency pairs are USDCHF, EURCHF, and CADCHF.
USDCHF is one of the currency pair tradings in range after SNB crises; this currency pair also observed within range even before CHF crisis.
I divided this Range market into four zones based on actively traded months, pips, price, and time duration traded in each zones.
Z1& Z4 is not much active; the duration in Z1& Z4 is not compromising to trade.
Z1 high 1.0300 low is at 1.0000 and the difference between high and low is 300PIPs (see above chart), and Zone-4 high is at 0.9165 & low is at 0.8690 and the pip difference is 1030 though the pips are comforting the price might not available in near term.
Hence i preferred ZONE-2 & ZONE-3.
The pair is highly active in this 2 zones.
Will swing trading works in ZONE-2 (Z2)??
Z2 is highly active, The Z2 high is 1.0000 and low is at 0.9525 and the difference between high & low is 475 Pips, this is after the SNB event.
Swing trading strategy in zone-2.
The swing trading strategy with martingale system I opened 6 buy limits and 6 sell limits with the difference of 40 pips from the current market price. 40 pip ranges are selected based on the back testing from SNB event also the 40 pip difference covers the entire zone-2 high & low.
I used forex tester and the result was listed below.
Selected period to test Feb-2015 to Aug-2016(Total 19 months)
Total Oders 176.
0.01 triggered 35 Times
0.02 triggered 28 times.
0.03 triggered 12 times
0.04 tirggered 12 times
0.05 triggered 2 times 
0.06 triggered2 times
At 0.06th order Negative floating 280$
The shortest time duration of trade is 1 Day
The longest time duration to close trade is one and half months
longest delay to trigger the pending order is 10 Days.
Biggest profit in a trade is 0.06th order with 145$
Second biggest profit is 0.05th order with 105$
Monthly equity growth around 9 to 10%
Account doubled on 11th month i:e feb2016
From MARCH to AUG. I doubled the lot size. I;e 0.01 became 0.02.
MARTINGALE SYSTEM WILL BLOW OUT THE ACCOUNT IF BREAKS THE RANGE
I was expecting the Dollars this range will break out after US election,
surprisingly it's still in range,
Now I'm really not able to decide whether I should try this system in real account
and make the profit as long as long as it's in range or leave this strategy
Therefore I decided to post in the forum for the conclusion.
Write your thoughts and my points i forgot to adapt while testing without critic.
The Swiss franc currency is trading flat/range after and before the swiss crisis.
Most range traded currency pairs are USDCHF, EURCHF, and CADCHF.
USDCHF is one of the currency pair tradings in range after SNB crises; this currency pair also observed within range even before CHF crisis.
I divided this Range market into four zones based on actively traded months, pips, price, and time duration traded in each zones.
Z1& Z4 is not much active; the duration in Z1& Z4 is not compromising to trade.
Z1 high 1.0300 low is at 1.0000 and the difference between high and low is 300PIPs (see above chart), and Zone-4 high is at 0.9165 & low is at 0.8690 and the pip difference is 1030 though the pips are comforting the price might not available in near term.
Hence i preferred ZONE-2 & ZONE-3.
The pair is highly active in this 2 zones.
Will swing trading works in ZONE-2 (Z2)??
Z2 is highly active, The Z2 high is 1.0000 and low is at 0.9525 and the difference between high & low is 475 Pips, this is after the SNB event.
Swing trading strategy in zone-2.
The swing trading strategy with martingale system I opened 6 buy limits and 6 sell limits with the difference of 40 pips from the current market price. 40 pip ranges are selected based on the back testing from SNB event also the 40 pip difference covers the entire zone-2 high & low.
I used forex tester and the result was listed below.
Selected period to test Feb-2015 to Aug-2016(Total 19 months)
Total Oders 176.
0.01 triggered 35 Times
0.02 triggered 28 times.
0.03 triggered 12 times
0.04 tirggered 12 times
0.05 triggered 2 times
0.06 triggered2 times
At 0.06th order Negative floating 280$
The shortest time duration of trade is 1 Day
The longest time duration to close trade is one and half months
longest delay to trigger the pending order is 10 Days.
Biggest profit in a trade is 0.06th order with 145$
Second biggest profit is 0.05th order with 105$
Monthly equity growth around 9 to 10%
Account doubled on 11th month i:e feb2016
From MARCH to AUG. I doubled the lot size. I;e 0.01 became 0.02.
MARTINGALE SYSTEM WILL BLOW OUT THE ACCOUNT IF BREAKS THE RANGE
I was expecting the Dollars this range will break out after US election,
surprisingly it's still in range,
Now I'm really not able to decide whether I should try this system in real account
and make the profit as long as long as it's in range or leave this strategy
Therefore I decided to post in the forum for the conclusion.
Write your thoughts and my points i forgot to adapt while testing without critic.
NarenRaj
