Hello,
I have a sort of Martingale system, I have back tested, manually and this system seems pretty good and has not failed, from Nov 2007 to date only pair I have looked at is USD-JPY. Might work on other pairs with low spread.
If you are looking to make millions, then this is not the system that you would look at, unless you have millions
TF
---------
15min
Rules:
----------
At 7am GTM, go in the direction of the 6:45am candle with, i.e 0.01 lot, if you get stopped out, then X 4 your lot (0.04 lot) and go in the direction that you have been stopped out, if you get stopped out again, then go in the direction you have been stopped out X 4 for yout lot (0.16) until you hit profit and then close shop and be done for the day.
TP/SL based on pairs with LOW spread.
TP
----------
10 not including spread
SL
----------
10 including spread
Comments Welcome, will attach charts and spread sheet which has come from FXTradePro, it is freely available to use.
I have a sort of Martingale system, I have back tested, manually and this system seems pretty good and has not failed, from Nov 2007 to date only pair I have looked at is USD-JPY. Might work on other pairs with low spread.
If you are looking to make millions, then this is not the system that you would look at, unless you have millions
TF
---------
15min
Rules:
----------
At 7am GTM, go in the direction of the 6:45am candle with, i.e 0.01 lot, if you get stopped out, then X 4 your lot (0.04 lot) and go in the direction that you have been stopped out, if you get stopped out again, then go in the direction you have been stopped out X 4 for yout lot (0.16) until you hit profit and then close shop and be done for the day.
TP/SL based on pairs with LOW spread.
TP
----------
10 not including spread
SL
----------
10 including spread
Comments Welcome, will attach charts and spread sheet which has come from FXTradePro, it is freely available to use.