Forex trading strategy #52 (Forex Money Print Strategy)

Submitted by User on September 24, 2012 - 20:55.

Submitted by neobunsy

******** FOREX MONEY PRINT STRATEGY *************

Hi Fellow Traders

I have trading a simple and straigtforward strategy which gave me 80% wins for 2 months with a 1:1 risk/reward. I want to get the opinon of others to possibly a fluent programmer to do a back test to check if the strategy is profitable in the long run.

Currency Pair: GBPJPY
Time: Tokyo Open and London Open

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Submitted by User on September 29, 2012 - 02:29.

Hi,

Can you illustrate with a picture ??

Submitted by User on September 28, 2012 - 13:57.

OGGI E' IL 29/9/2012. L'ATR A 200 PERIODI SUL GRAFICO H8 E' 53. COME HA FATTO IL TUO GRAFICO A MUOVERE OLTRE 60 PIP PER DUE MESI SE LA MEDIA E' 53? SECONDO ME RACCONTI UN SACCO DI CAZZATE. PER SCRUPOLO LE ULTIME 3 SESSIONI ASIATICHE HO MESSO A MERCATO QUESTI ORDINI IN DEMO, E HO PERSO 3 VOLTE. SE NON HAI NIENT'ALTRO DA FARE EVITA ALMENO DI FARCI PERDERE TEMPO CON LE TUE CAZZATE. SENZA OFFESA. CIAO.

Submitted by User on September 28, 2012 - 02:36.

How about putting a stop loss at the same level as the two pending orders? If result no.3 or 4 occurred, it would limit the loss at 40 pips and reduces them further as the price goes further down/upwards.

Submitted by User on September 27, 2012 - 14:31.

hello there; I still don't understand the no stoploss
...If it goes up 20 pips your trade is triggered...then it does not get to TP and reverses
...now after it reverses and the other trade is triggered..it hits TP..
...however, the initial trade is on and if you are not at your computer, the initial trade will still be on continuing into the negative area, while the other is gaining pips...I pray that you understand this...So the initial trade is still on..I think that a SL is needed before the other trade is triggered in the other direction..I pray that this makes sense..Thankyou.

Submitted by User on September 25, 2012 - 09:17.

Hi ALl

Re: Comment number 1, No stop loss is not an issue here because you have a pending opposite order just below or above. So the maximum loss you can get is 40 pips and therefore, the strategy has 1:1 Risk/ Reward ratio.

MagicMeikel: I take the GMT time for Tokyo and London opening, that should be standard no where what location we trade from.

Submitted by MagicMeikel on September 25, 2012 - 03:19.

At what time open Tokyo and London for you???

MagicMeikel

Submitted by User on September 25, 2012 - 02:22.

No stop loss will result in getting a margin call sooner or later. That's a big no no strategy to me.

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Forex trading strategy #52 (Forex Money Print Strategy)

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