New strategy called Gabin System.
For understanding, I suppose an account of $ 1 000, a first order of 0.05 and a pending order of 0.20 at 8 pips.
The TF is M5 or M15 (it’s not really very important) and the filter is MA 20,0,0. With my leverage $4 = 8 pips.
We take profit at only $ 4 Target (depending of course of the initial account) by the line if (AccountEquity()>AccountBalance()+ Target)
If the MA is up (for down, it is the opposite), we open a buy order 0.05 and a sellstop 0.20 at 8 pips below.
If the first trade is winner, we gain $ 4, the pending order is deleted and the cycle goes on.
If the price is against the first trade, the sellstop is triggered and immediately a new pending order buystop 0.35 is set 10 pips above (*).
If the price goes down, we take profit at $ 4. All the orders are deleted and the cycle goes on.
If the price is up again , the buystop is triggered and a sellstop 0.40 is set at 8 pips below.
If the price is down again, the sellstop is triggered and a buystop 0.40 is set at 8 pips above.
Etc etc… you see the logic…the sequence is 0.05, 0.20, 0.35, 0.40, 0.40, 0.40 etc
So you begin the trade with a channel of 8 pips: when the price overfills the channel of 8 pips above or below, you win.
Note:
The goal of $ 4 is willingly weak to avoid a big drawdown. I prefer small profits regularly.
It is not a martingale because in our case the maxi lot is 0.40 no more.
The only problem is a flat market but it is very rare for the market to stay a long time in a range of 24 pips (with a channel of 8 pips) and however the DD is kept within reasonable limits. We need a volatile pair and GBPUSD is a good candidate. Maybe a smaller channel is better (< 8 pips)????
Of course, my values need to be optimized but without EA it’s difficult to know it. In manual trading, the system is working nicely but it’s difficult to stay a long time in front of the screen. Options: timer to choose trading period, emergency_stop, stop_after_profit,etc..
For understanding, I suppose an account of $ 1 000, a first order of 0.05 and a pending order of 0.20 at 8 pips.
The TF is M5 or M15 (it’s not really very important) and the filter is MA 20,0,0. With my leverage $4 = 8 pips.
We take profit at only $ 4 Target (depending of course of the initial account) by the line if (AccountEquity()>AccountBalance()+ Target)
If the MA is up (for down, it is the opposite), we open a buy order 0.05 and a sellstop 0.20 at 8 pips below.
If the first trade is winner, we gain $ 4, the pending order is deleted and the cycle goes on.
If the price is against the first trade, the sellstop is triggered and immediately a new pending order buystop 0.35 is set 10 pips above (*).
If the price goes down, we take profit at $ 4. All the orders are deleted and the cycle goes on.
If the price is up again , the buystop is triggered and a sellstop 0.40 is set at 8 pips below.
If the price is down again, the sellstop is triggered and a buystop 0.40 is set at 8 pips above.
Etc etc… you see the logic…the sequence is 0.05, 0.20, 0.35, 0.40, 0.40, 0.40 etc
So you begin the trade with a channel of 8 pips: when the price overfills the channel of 8 pips above or below, you win.
Note:
The goal of $ 4 is willingly weak to avoid a big drawdown. I prefer small profits regularly.
It is not a martingale because in our case the maxi lot is 0.40 no more.
The only problem is a flat market but it is very rare for the market to stay a long time in a range of 24 pips (with a channel of 8 pips) and however the DD is kept within reasonable limits. We need a volatile pair and GBPUSD is a good candidate. Maybe a smaller channel is better (< 8 pips)????
Of course, my values need to be optimized but without EA it’s difficult to know it. In manual trading, the system is working nicely but it’s difficult to stay a long time in front of the screen. Options: timer to choose trading period, emergency_stop, stop_after_profit,etc..
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