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One Of my strategy wana share with you guys also

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Aug 17, 2011 03:59 am
#1

Posts: 513
Member since: 08/02/2011

Note- This is my testing strategy and iam testing it for two months and still it is in progress and after i feel comfortable i will make a ea for this strategy ....

 

Basic Ground Rules Before any trade(3 rules must be followed)

rule#1:-
try to trade only during the londan and us session.

rule#2:-
make sure to watch a news calinder and stay away from trading before and after 
news release.

rule#3:-
enter only on a clear strong trend.
a)indentify a current trend (remember-the trend is your frind.)
b)Ignore all signals against a current trend.


timeframe:- 5min and 15min to enter a trade and 1hour and 4hour to identify a trend.
pairs:- EU and GU (INCREASE ONE PAIR AFTER 50% GAIN IN CAPITAL).
========================= ========================= ==========
BASIC ENTRY RULES
lets Suppose one pair thats going strong down trend. (suppose= eurusd)
its last day open was 1.4500 after open it goes 60 pips high then 200 pips down.
keep in mind 
(eurusd normal averge daily move is 90 to 180
hight impect news days 150 to 250 
and 300 to 500pips after some weaks or month.)
next day it open 140 pips down from the previous day open.
after open it move up and down 50 pips in asian market or even more but when uk market 
open it is 30 pips away from its open and we get a sell signal in the direction of strong trend
as i mention in above for 
tp1=40 - 70 pips in down side. sl is also same.
(keep in mind that our entry is on the 5min and 15 min candle conformation and that is our entry points.)
we open a trade to get 15 pips that equal to 0.5% of our account equity.
if it goes postive then we get o.5% gain in our account.

if we get 15 pips that gud otherwise if goes aganst us then after 
25 pips we open another with same tp.
if goes positive then we get total 45pips. (appr=1.5 gain in our equity)
from thr we again enter if our sl is previous day high or low is not hit point 2 above is allowing to enter 
again in same point.
like this wise we trade as averaging on this manner.

1) enter for 15 pips. (0.5% at every tp hit) 
2) after 25 pips against we enter again with same tp. (1.5% at every tp hit)
3) after 25 pips against we enter again with same tp. (3.6% at every tp hit)

4) after 25 pips against we enter to get out at average price. (0% gain)
5) after 25 pips against we enter to get out at average price. (0% gain)
6) double the postion at 25pips of first entry and out at average price. (0% gain)


++>> dont trade on before and after main news at least one hour before and after.
++>> dont trade if a pair moves 80 pips from open price.
++>> dont trade if u get 3% mean 6 trades in row in a pair.
++>> dont trade at possible retracement levesls points
++>> entry should be with 5min or 15min chart candlestck formation.

+>>> IF We follow the any other system that make 70% correct tp hit signals.
in simple rules 
if we trade then out of ten we get 7 trades postive may be more or less.
7 out of 10.
7*60= 420
3*40= 120
but here if we get all the trades on time and enter on time but if we dont get in time and our
bad luck then our gain will be very low or may be in negative. 

++>>>but if we trade like this then we get
in one pair we get 7 postive mean we can get (keep in mind tp is 15)
4 tredes in rows and in more volitile satuation even more than it.
if we get average 5 mean 5*15*7=525
and in some trades we get 2nd tp hit let suppose 3 trades.
we get average 3*45*7=945
in some cases we get 3rd tp hit let suppose one trade.
110*1*7=1540

in two cases we get 5 trades at breakeven average.
5*0*7=0

one trade out of that at loss is 550pips loss
loss
1*==150+125+100+75+50+50= 550
total positive 
3010-550=2460pips

+++++++++++++++++++++++++ +
what u says traders this is good strategy or not plz share your ideas to make this system more improved.

http://www.xynafx.com/ Xynafx ... fund managers and forex signal service providers Minimum investment for our Forex managed Account service is $2k that will be managed individually in one investors account. XynaFx signals As low as $26 per Month.

Aug 17, 2011 06:40 pm

Posts: 939
Member since: 21/04/2011

Hi sadscorpion. Can we see you account? I mean can you bridge your account here on fxstat? An account on which your r using this strategy.

Stick to your rules

Aug 22, 2011 12:25 pm

Posts: 513
Member since: 08/02/2011

hi dear i attach a account with same strategy on myfxbook with same name as here i will soon attac that account here also just need some time to do it 

http://www.xynafx.com/ Xynafx ... fund managers and forex signal service providers Minimum investment for our Forex managed Account service is $2k that will be managed individually in one investors account. XynaFx signals As low as $26 per Month.

Aug 23, 2011 03:40 pm
widhie75 User

Posts: 118
Member since: 05/12/2010

Wow great scorpion,,,,its very detail step to trade, I hope its consistenly profit and have lower DD.

I really agree that you want to add your statement in FXSTAT,,,,,since this FXSTAT forum, we should not say about other forum (its some kind un-written rule).

 

Please post it here again if you have statement in FXSTAT....maybe we can learn some good technique.

http://www.fxstat.com/widget/link?t=wide&c=3&s=8617&o1=growth&o2=drawdown&o3=profitfactor

Aug 24, 2011 11:29 am

Posts: 513
Member since: 08/02/2011

Originally posted by widhie75

Wow great scorpion,,,,its very detail step to trade, I hope its consistenly profit and have lower DD.

I really agree that you want to add your statement in FXSTAT,,,,,since this FXSTAT forum, we should not say about other forum (its some kind un-written rule).

 

Please post it here again if you have statement in FXSTAT....maybe we can learn some good technique.

 



thank you dear to like my strategy i will upload it soon on fxstat but now adays there is holy month in pakistan and our EID is comming thats why iam litle bit busy in shopping and other unwanted work that make me disturb and for that i quite trading for two weaks and i will start after eid and attach my account with fxstat also.

http://www.xynafx.com/ Xynafx ... fund managers and forex signal service providers Minimum investment for our Forex managed Account service is $2k that will be managed individually in one investors account. XynaFx signals As low as $26 per Month.

Aug 24, 2011 06:38 pm
ironical User

Posts: 734
Member since: 22/04/2011

thank you dear to like my strategy i will upload it soon on fxstat but now adays there is holy month in pakistan and our EID is comming thats why iam litle bit busy in shopping and other unwanted work that make me disturb and for that i quite trading for two weaks and i will start after eid and attach my account with fxstat also.


may you enjoy this blessed festival.

btw it was a nice sharing.

The good or ill of a man lies within his own will. – Epictetus

Sep 02, 2011 05:47 pm

Posts: 513
Member since: 08/02/2011

Originally posted by ironical

may you enjoy this blessed festival.

btw it was a nice sharing.



thank you dear .. nice happy festival u 2

[devil]

http://www.xynafx.com/ Xynafx ... fund managers and forex signal service providers Minimum investment for our Forex managed Account service is $2k that will be managed individually in one investors account. XynaFx signals As low as $26 per Month.

Jul 07, 2012 07:03 pm

Posts: 194
Member since: 26/04/2012

Thanks for sharing your strategy and i hope this gonna really work and beneficial to most of the trader and even i am just busy in making my own strategy with the help of my experience and knowledge.

Jul 08, 2012 10:17 am
Sasha User

Posts: 836
Member since: 16/05/2011

Hello sadscorpion. As you said that u will be making an EA if it goes good in long run. So have u started working on it? or r u conisdering making one?

Jul 31, 2012 10:33 am
DDTrader Mirrorbeta

Posts: 38
Member since: 12/06/2012

Perhaps the strategy crashed and burned as we have not heard anything from Sadscorpian for many many a month. Another one bites the dust you could say :(

Jul 31, 2012 02:44 pm

Posts: 513
Member since: 08/02/2011

Originally posted by DDTrader

Perhaps the strategy crashed and burned as we have not heard anything from Sadscorpian for many many a month. Another one bites the dust you could say :(



hi DDTrade plz conform before you post any thing regarding any other person. iam here all time but litle busy in these days thats why iam not posting or sending any update . thats not mean iam gone :P you can mesage me if you need any updated things 

http://www.xynafx.com/ Xynafx ... fund managers and forex signal service providers Minimum investment for our Forex managed Account service is $2k that will be managed individually in one investors account. XynaFx signals As low as $26 per Month.

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