Hello,
I was thinking about systems today (hmm), and thought, most systems dont even come in at 50%, the money is actually just made of larger winning ammounts then loosing amounts.
Well here is a system that returns 50% results, the question is can you capture the pips.
Basically open any pair and put a stopbuy and a stopsell out at 20 points from the current price (+spread for buy). You might want to do less for slow pairs (usd:thb) and more for fast pairs (gbp:usd). If one side catches put a 20 pip take profit limit on it and a 15+spread trail stop on it.
I have been testing this for 2 days now.
37 entries
21 reached the limit before stopping out.
193 pips ahead (420w/227L).
but im sure with more testing it would come out about 50:50
next i need to to try it with out a limit, just see how far the trail stop will go before it stops out. alot of them made the 20 mark and then returned, i would have had worse results i think if i let them run, but then again 1 good one could have taken off.
so far it has performed better then any cross system i have used, but then again all the pairs might be trending the same way with the dollar being weird lately (and i was sunday and monday)
I was thinking about systems today (hmm), and thought, most systems dont even come in at 50%, the money is actually just made of larger winning ammounts then loosing amounts.
Well here is a system that returns 50% results, the question is can you capture the pips.
Basically open any pair and put a stopbuy and a stopsell out at 20 points from the current price (+spread for buy). You might want to do less for slow pairs (usd:thb) and more for fast pairs (gbp:usd). If one side catches put a 20 pip take profit limit on it and a 15+spread trail stop on it.
I have been testing this for 2 days now.
37 entries
21 reached the limit before stopping out.
193 pips ahead (420w/227L).
but im sure with more testing it would come out about 50:50
next i need to to try it with out a limit, just see how far the trail stop will go before it stops out. alot of them made the 20 mark and then returned, i would have had worse results i think if i let them run, but then again 1 good one could have taken off.
so far it has performed better then any cross system i have used, but then again all the pairs might be trending the same way with the dollar being weird lately (and i was sunday and monday)