Forex trading strategy #15 (10 pips a Day)
Submitted by User on April 13, 2009 - 13:50.
Submitted by Steve
HELLO TRADERS,
AM NEW TO THIS WEBSITE AND DECIDE TO POST MY PERSONAL SYSTEM.
IT HAS BEEN MAKING ME STEADY PROFIT BUT SOMETIMES WHEN AM LATE IN THE MARKET I DON'T MAKE ANY THING AND THATS WHY AM HERE SO THAT I CAN GET HELP URGENTLY.
THE SYSTEM:
TIME FRAME:DAILY
NO INDICATORS
CURRENCY: ALL
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Hi. I am having trouble to backtest EUR/JPY and USD/JPY 1 year back.
Can somebody help me please ?
Please send me an email to forexpps[at]yahoo.com.
Thank you.
Where exactly have you stuck?
I need to know how many losses were for USD/JPY and EUR/JPY within past six months.
Please help me to do backtesting. Please post the results.
Please help me .
Thank you.
For daily charts you can do backtesting and even forward testing manually.
I don't have the data you're looking for, I'm really sorry.
One needs to learn MQL4 code to be able to backtest strategies automatically, I'm not an expert in this field either. I'm sorry.
Regards,
Edward
hi guys,
im new to trading and i thought id try steves system above. Daily chart, wait for opening hour of london market and set a buy order 30 pips above open price and sell order 30 pips below.. my s/l i set to 100 and my t/p i set to 10.it was my first trade and i won it and i'll continue for a few weeks see how i go..something strange happened during this trade and i hope someone can explain whay it happened. i was losing the trade and then out of nowhere the candlestick shot up from 1.74 65 to 1.75 05..it was the longest candlestick i have ever seen!!why did it shoot up like that? and so fast?i won the trade so i was happy...
thanks steve
Hi Steve,
Candlesticks are known to "shoot for the stars" during major economic data releases.
(You can find more details in the topic about fundamental analysis).
Also, it may be a breakout of some very significant support/resistance level on a large time frame.
It definitely makes you feel good when you have such a quick winner :)
What's also good is that you had a chance to witness such candlestick, I'm sure from now on the words about Stop loss and risk management will make more sense to you.
Happy trading!
Edward
Hi guys. I find '10 PIPS A DAY' strategy very interesting.
Does anybody know what are the most profitable currency pair when trading using '10 PIPS A DAY' strategy ?
Please assist.
Thank you.
I look at
EURUSD, EURGBP, EURCHF.
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