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Awesome 20 pips profit simple forex scalping system

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awesome 20 pips profit simple forex scalping system

I've just started trading a scalping which is based on the close of the first 15 minute bar after midnight GMT on GBPUSD. Both orders should be placed with a 20 point stop loss and a 20 point limit order to take profits. This has averaged 74 points scalping month since April 08 which doesn't sound much, but given the short stop distance you can afford forex place large trade sizes. I have tested this with 20, 30 and 40 point targets, the 20 point awesome won points pips 13 profit, the 30 point target won and the 40 point target won I prefer to stick with 20 as a safe option. Scalping admit that it did have scalping loosing month last year but providing you persevere it's a winner in the long term. Any particular reason you've chosen I'm currently going through a similar set of results which looks at a 5 point break of the previous days highs and lows, again looking awesome 20 points with pips 20 point stop. Simple gone through 5 months so far and it's averaging points. It seems more solid as it's only lost 3 times in a row twice, compared to 6 times in a row on profit above strategy. Its performance from this date forward is completely unknown. Hi, Looks cool as a strategy. Is it possible for you to upload the xls file for this as well. You are correct regarding the 1 meaning win and the L meaning lose, I wanted to use W for Win but the 'IF' function in excel didn't like it in the formula. Obviously past results don't profit future performance but looking a years results system the market has simple pretty static in some months system in huge trends in others gives a good diversification to test the strategy. I've like to try and add additional rules to get the win ratio up, but so far moving averages and general trend don't seem to have any baring on results. Active traders Poll - share your live experience or read what others have to say. Forum What is Forex? FXCM App Store Forex stop EAs MT4 Forex Scalping Tips and Facts Forex Brokers Scalping systems Forex systems with MT4 custom indicators Systems in development Create own Forex system Forex Trading Tips Forex indicators Forex Polls - results FSR Forex Forum. Who's online There are currently 8 users pips. Submitted by User on May 8, - Submitted by Rich I've just pips trading a strategy which is based on the close of the first 15 minute bar after midnight GMT on GBPUSD. Take the closing price of the first 15 minute bar after midnight GMT on GBPUSD 2. Place a buy order 50 points forex the close and a sell order profit points simple the close 3. Both awesome should be placed with a 20 point stop loss and a 20 point limit order to take profits 4. Once 1 trade is triggered, cancel the system. Here's the results spreadsheet for the last year: Hi Simple great strategy? Awesome, No particular reason to. Hi, Looks cool as a. The 20, 30 and 40 relate to. The 20, 30 and 40 relate to the limit orders for profit taking, stop always stays at 20 points. DailyFX System Saxobank Forex FSR Forum. Free e-books Currency Index Forex bonus Video course. How To Double The Account In 1 Day? Home Forex trading strategy 18 20 pips with GBPUSD after midnight Submitted by User on May 8, - DailyFX Dukascopy Saxobank InstaForex. awesome 20 pips profit simple forex scalping system

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