Hi everyone
I read a great quote which said something like success is giving back more than what you take. As this forum has helped me so much I would like to give back a system which has been profitable for me so far....
It is a system I have devised and think is quite unique.
I have been using it on EUR/USD for about 2 weeks and so far has a profit factor of 1.83 and maximal drawdown of 2.63%. I have attached the statement.
If anyone has any ideas for improvements or an EA that would be great.
THE RULES:
I read a great quote which said something like success is giving back more than what you take. As this forum has helped me so much I would like to give back a system which has been profitable for me so far....
It is a system I have devised and think is quite unique.
I have been using it on EUR/USD for about 2 weeks and so far has a profit factor of 1.83 and maximal drawdown of 2.63%. I have attached the statement.
If anyone has any ideas for improvements or an EA that would be great.
THE RULES:
- Open positions at midnight GMT (I have been using InterbankFX)
- Entry position is yesterdays (high+low)/2 this is the midpoint
- Take profit is ATR(14) / 2
- Stop loss is ATR(14)/4
- Close all open positions at midnight GMT next day
So far I have been using 0.5 lots but am now starting to use 1.0 lots on each position
Any feedback is welcome !
Hope you enjoy it :-)