Re: Advanced Strategy # 1 - The Midnight Strategy
Posted: Sun Apr 17, 2011 6:23 am
iS ANYBODY STILL USING THIS STRATEGY .. IF YES PLEASE LET ME KNOW OR CONTACT ME VIA EMAIL.. MY EMAIL GOES [email protected]
I have backtested the strategy for 3 years for Pound - dollar, euro -dollar and usd -yen...these are the rules
in euro and poun i used minimum size 90 with the usd yen it was 70..
I only and only had one t.p. 100 pip..and i would no close the opposite order unitl 100 pips would be hit .. if my stoploss would get hit and the other order filled i would again wait for either stop. or 100 pip t,p.
I didnt use any filters or any other pivot poins or anything else simpel these rules for 3 year for the 3 pairs the results are the following...
Euro USD from 14.11.2008 i had 54 Trades, which resulted in 46 profitable trades with 100 pip profit and so i had 4600 pips profit and i had 2180 pips loosing trades in totall a gain of 2420 pips in avarage i had a profit of 86 pips i think ..
Pound USD 3.3.2008 till today i had 73 Trades 6500pips profit and 3130 pips loss in totall a gain of 3370 pips in like 36 months i had an average 93 pip in month
USD Yen from 18.03.2008 till now i had 55 trades 5100 profitbale pips and 2890 negative pips in totall 2210 pips profit..61 pip avearage in month
does anybody still trade this stratagy would be nice if they could share their experiences.. for now i think it would only make sence to trade a lot of pairs of course backtested and put like 1 or half prozent of your balance at risk at every pair so in totall 5% in totall and in this you would i am sure one day havea big loss or 2 in a row because when the market is choppy i think it will be choppy in other pairs as well and maybe you will get the double stop loss but i dont know .. i think the end result counts so you would make a good nice profit from it . i will continue to backtest the other majors like aud , and nzd and then go also to crosses .. let me know if anybody want to help me ..
I have backtested the strategy for 3 years for Pound - dollar, euro -dollar and usd -yen...these are the rules
in euro and poun i used minimum size 90 with the usd yen it was 70..
I only and only had one t.p. 100 pip..and i would no close the opposite order unitl 100 pips would be hit .. if my stoploss would get hit and the other order filled i would again wait for either stop. or 100 pip t,p.
I didnt use any filters or any other pivot poins or anything else simpel these rules for 3 year for the 3 pairs the results are the following...
Euro USD from 14.11.2008 i had 54 Trades, which resulted in 46 profitable trades with 100 pip profit and so i had 4600 pips profit and i had 2180 pips loosing trades in totall a gain of 2420 pips in avarage i had a profit of 86 pips i think ..
Pound USD 3.3.2008 till today i had 73 Trades 6500pips profit and 3130 pips loss in totall a gain of 3370 pips in like 36 months i had an average 93 pip in month
USD Yen from 18.03.2008 till now i had 55 trades 5100 profitbale pips and 2890 negative pips in totall 2210 pips profit..61 pip avearage in month
does anybody still trade this stratagy would be nice if they could share their experiences.. for now i think it would only make sence to trade a lot of pairs of course backtested and put like 1 or half prozent of your balance at risk at every pair so in totall 5% in totall and in this you would i am sure one day havea big loss or 2 in a row because when the market is choppy i think it will be choppy in other pairs as well and maybe you will get the double stop loss but i dont know .. i think the end result counts so you would make a good nice profit from it . i will continue to backtest the other majors like aud , and nzd and then go also to crosses .. let me know if anybody want to help me ..