KILLCHAIN

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KILLCHAIN

Postby KILLCHAIN » Sun May 19, 2013 5:45 am

http://forums.forex-strategies-revealed.com

FOREX Trading Systems (FTS)
"KILLCHAIN"
Weekly Results 13-17 MAY2013

Setup consists of OANDA FX trading platform considering the "best bang for the buck" currency pairs that yield greatest return to USD. In this case we monitor and action USD/JPY, USD/CHF, USD/CAD, and USD/AUD, with the USD/AUD bringing greatest rate of return this reporting period 13-17 MAY2013.

• USD/JPY 1HR, 60pip realized (137pip potential)
• USD/CHF 1HR, 60pip realized (191pip potential)
• USD/CAD 1HR, 60pip realized (194pip potential)
• USD/AUD 1HR, 80pip realized (172pip potential)
TOTALS 260pip realized (694pip potential)


TRADING PLATFORM SETUP:
1. Use OANDA FX platform
2. Set 1:50 leverage (full leverage)
3. Add study Parabolic SAR (0.1,0.11)
4. Take Profit default 10pips (safe) on close (I use OLC) of 1hr tick following strong signal (Buy or Sell).
a. Realistically we can set T/P 18pips (with strategy average movement 20pips, but we do not T/P 20pips because we factor in the spread <no trade if spread is greater than 2pip)

ADDITIONAL CONSIDERATIONS:
"No trade zone" - day before, day of, day after major holiday effecting either side of currency pair (ex USD/JPY, look at holidays for both USD and JPY). We also HOLD on trading when Average Directional Index (ADX) is below 18, there is simply not enough volume of activity to safely place a lower risk order and meet the T/P objectives.

News events - outcome works in favor of this strategy, so we look to use news events as trading schema, as opposed to holidays where we do not trade.

*Intent is to deliver weekly summary of results and stimulate forum discussion based on Mr. Revy's generosity in sharing his knowledge through http://forums.forex-strategies-revealed.com
KILLCHAIN
 
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Joined: Sun May 19, 2013 5:40 am
Location: USA

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