It works

GOOGOBAZI_12

Trader
Jan 15, 2012
5
0
17
Hi
This is my first post!!!
I have an extremely new approach to forex trading, one which needs you to know the strength of the market. it works when the market is weak and is ranging. I use pending orders specifically limit orders and i set orders for all the pairs at once. I trade four hours to the end of the day, i set both ask and bid orders simultaneously, and i set 10pips from the price, and put a take profit at 10pips from the entry point. I close all positions whether profiting or losing by end of the the day. This strategy though does not work for all the brokers. I intend to work through the whole of this year with it but working with any one interested. Check the attachment for details of performance
 

Attachments

Hi Enivid, its better you identify the part of the system that you need clarification, i can also send you the excel template+ the e.a that use to set those pending orders. other wise i will keep updating you with my performance once i trade whether its profiting or loosing so that we can work together to polish it.
thanks
 
Hi Enivid,
I don't use any signal though we can work together to see whether we can identify some signals that work for our strategy. i look at the candle sticks, also the time of entry and i try to avoid days when there are intervening news. i hedge risk by using lot size which is commensurable with my account balance and i trade for a limited period of time beyond which i exit all trades whether they are profiting or loosing.
 
The average and maximum loss trades are greater than the Profit trades. The report is showing what appears to be a 2 or 3 week period. Need to see how this system operates when the market changes. Not convinced.