I'm using a large portion of the capitol that was made over the past 4 years with my Profit All Day System.
Profit All Day has treated me very well but I feel like I've finally found a system that can bring in even more profit. I did 9 months of back testing with this new system before I started my account at myfxbook.com.
The back test showed 95-97% accuracy depending on how much risk used per trade.
I trade only EU
I trade only once a day.
10 pips profit every trade.
I make at least 10% every day.
I receive 107% profit every 9 days if I can have 100% winners.
system 1.
Ema's 4,6 and 14 are used with this system
We mark the 8:30 am est candle on the one hour chart. Look at the trend on the one hour. Are 4 and 6 above ema 14 or below?
Above means an uptrend and below means down. I like the trend on the one hour. I think it's solid and fast moving. The trend on the 4 hour and daily charts may be a little more reliable but they will not move as quickly as the 1 hour. We need balance here.
Next go to the m15 and wait for a 3 bar swing indicator (Flexibar) to form. If the trend on the 1 hour is down you must only take a flexibar arrow going down. Read at least the first page of this post to find out how the 3 bar indicator works. You can enter on a 3 bar swing as early as a .01 pips break.http://www.forexfactory.com/showthread.php?t=137021
(As long as you understand the 3 bar indicator you really dont even need the indicator. You can see them on chart with out it.)
Do not worry about the ema's on the m15 with system 1.
Do not trade before 830 am est! only trade on or after 8:30 am. If ema's 4 and 6 are not crossed on the 1 hour I will wait till they are before I take a trade. This is important! Make sure you wait for bar close to determine the cross!
I only trade once and that's what the 95-97% acuracy of the system is based on. 1 trade a day. Try to avoid the mistake most traders make with over trading.
10 pips TP
100 pip SL is recommended.
That's it! Easy right? You will be stunned when you check the accuracy of this system! Give it a test. Just be careful how much you risk.
Gaining 5% profit per trade will alow you to have a 190 pip dd before you get a margin call. 10% profit is 95 pips. I recommend 5% or lower.
The accuracy is higher (98%) if your SL is 190 pips but you can also use the same SL of 95 pips getting 5% profit daily. Strategycoder mentioned in a later post of how to profit using the 10 pips TP and the 95 pip SL. I will try to copy his post here later. Just up to you how you want to use the risk.
Remember...Just because my backtest showed a 95-97% win rate does not mean this win % will continue. Chances are good but you know how the markets are...they change all the time.
System 1 mod.
This mod is for the guys that do not want to use the big 100 pip SL. The changes that you see here make the system have more of a 75-78% win rate. but you will see that it is still very profitable. I've backtested the mod now for 5 months and it has shown results of 106 pips per month all the way up to 314 pips. Here is a trading month example...
Live (real money) account posted here!
https://www.myfxbook.com/portfolio/95-winnersmod/142831
Numbers are in pips
5/24, 8
5/23, 32
5/20, 15 pip loss
5/19, 3
5/18, 15
5/17, 26
5/17, 10
5/13, break even
5/12, 7
5/11, 27
5/10, 10
5/9, 37
5/6, 10
5/5, 106
5/4, 34
5/3, 3
5/2, 8 pip loss
4/29, 2
4/28, 13
4/27, 13
4/26, 19 pip loss
=314
Rules.
Same ema's 4,6 and 14
checking the 1 hour trend rules are the same as system 1. If it's hard to tell if the 4 and 6 ema's are above or below the 14. Wait till they crossed.
(We do not use the flexibar indicator for this mod.) Just delete in on chart.
This time mark the 9am est candle
Then go down to the m15 look at the 8:45 est candle. Spot the high of that candle. Maket it if you have to. If the next 9 am candle breaks the high of the 8:45 candle by.01 pips you enter right away.
If you entry was on the 9am candle you will TP on the open of the 930 am candle.
This mod is looking for a quick break out. If we do not get it we close our trade no matter what at the open of the 9:45 am est candle.
That's it. Also very simple. Might see it being a little confusing at first but it truly is simple. Make sure you find out with your broker when the 9 am est candle is.
Things to take into consideration for both systems...
Sl values.
TP values.
Higher time frame trends like the 4 hour and daily.
These are things that can be looked at further to see if a higher win % can be achieved.
(There is a system 2 but I will get into that if asked later.)
Good luck guys and thanks for the support!
Cubby
PS. sorry, I forgot to remove the flexibar indicator for the Mod system in the pics. Just ignore them. Thanks
Profit All Day has treated me very well but I feel like I've finally found a system that can bring in even more profit. I did 9 months of back testing with this new system before I started my account at myfxbook.com.
The back test showed 95-97% accuracy depending on how much risk used per trade.
I trade only EU
I trade only once a day.
10 pips profit every trade.
I make at least 10% every day.
I receive 107% profit every 9 days if I can have 100% winners.
system 1.
Ema's 4,6 and 14 are used with this system
We mark the 8:30 am est candle on the one hour chart. Look at the trend on the one hour. Are 4 and 6 above ema 14 or below?
Above means an uptrend and below means down. I like the trend on the one hour. I think it's solid and fast moving. The trend on the 4 hour and daily charts may be a little more reliable but they will not move as quickly as the 1 hour. We need balance here.
Next go to the m15 and wait for a 3 bar swing indicator (Flexibar) to form. If the trend on the 1 hour is down you must only take a flexibar arrow going down. Read at least the first page of this post to find out how the 3 bar indicator works. You can enter on a 3 bar swing as early as a .01 pips break.http://www.forexfactory.com/showthread.php?t=137021
(As long as you understand the 3 bar indicator you really dont even need the indicator. You can see them on chart with out it.)
Do not worry about the ema's on the m15 with system 1.
Do not trade before 830 am est! only trade on or after 8:30 am. If ema's 4 and 6 are not crossed on the 1 hour I will wait till they are before I take a trade. This is important! Make sure you wait for bar close to determine the cross!
I only trade once and that's what the 95-97% acuracy of the system is based on. 1 trade a day. Try to avoid the mistake most traders make with over trading.
10 pips TP
100 pip SL is recommended.
That's it! Easy right? You will be stunned when you check the accuracy of this system! Give it a test. Just be careful how much you risk.
Gaining 5% profit per trade will alow you to have a 190 pip dd before you get a margin call. 10% profit is 95 pips. I recommend 5% or lower.
The accuracy is higher (98%) if your SL is 190 pips but you can also use the same SL of 95 pips getting 5% profit daily. Strategycoder mentioned in a later post of how to profit using the 10 pips TP and the 95 pip SL. I will try to copy his post here later. Just up to you how you want to use the risk.
Remember...Just because my backtest showed a 95-97% win rate does not mean this win % will continue. Chances are good but you know how the markets are...they change all the time.
System 1 mod.
This mod is for the guys that do not want to use the big 100 pip SL. The changes that you see here make the system have more of a 75-78% win rate. but you will see that it is still very profitable. I've backtested the mod now for 5 months and it has shown results of 106 pips per month all the way up to 314 pips. Here is a trading month example...
Live (real money) account posted here!
https://www.myfxbook.com/portfolio/95-winnersmod/142831
Numbers are in pips
5/24, 8
5/23, 32
5/20, 15 pip loss
5/19, 3
5/18, 15
5/17, 26
5/17, 10
5/13, break even
5/12, 7
5/11, 27
5/10, 10
5/9, 37
5/6, 10
5/5, 106
5/4, 34
5/3, 3
5/2, 8 pip loss
4/29, 2
4/28, 13
4/27, 13
4/26, 19 pip loss
=314
Rules.
Same ema's 4,6 and 14
checking the 1 hour trend rules are the same as system 1. If it's hard to tell if the 4 and 6 ema's are above or below the 14. Wait till they crossed.
(We do not use the flexibar indicator for this mod.) Just delete in on chart.
This time mark the 9am est candle
Then go down to the m15 look at the 8:45 est candle. Spot the high of that candle. Maket it if you have to. If the next 9 am candle breaks the high of the 8:45 candle by.01 pips you enter right away.
If you entry was on the 9am candle you will TP on the open of the 930 am candle.
This mod is looking for a quick break out. If we do not get it we close our trade no matter what at the open of the 9:45 am est candle.
That's it. Also very simple. Might see it being a little confusing at first but it truly is simple. Make sure you find out with your broker when the 9 am est candle is.
Things to take into consideration for both systems...
Sl values.
TP values.
Higher time frame trends like the 4 hour and daily.
These are things that can be looked at further to see if a higher win % can be achieved.
(There is a system 2 but I will get into that if asked later.)
Good luck guys and thanks for the support!
Cubby
PS. sorry, I forgot to remove the flexibar indicator for the Mod system in the pics. Just ignore them. Thanks
Attached File(s)
98%forexnockout.tpl
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Uploaded Jul 29, 2011 2:44pm