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Here is my trading system as per Silver 3 requirements.

 

Here is my trading system as per Silver 3 requirements.

Hi All

Here is my trading system as per Silver 3 requirements.

Before we get to the nitty gritty just a few side notes.

Because I suck at leaving a stop loss alone this system was developed for that particular weakness of mine. (Just to give you an idea of how bad my discipline with stop losses are I don’t even have a chart window on Alveo otherwise I can see price approaching my stop loss and have this ridiculous urge to move that line)

All my analyses are done on MT4 and I only use Alveo to execute my trades.

My philosophy was to find a system that gives you a lot of positions so that you don’t become attached to a single trade.

Furthermore I am looking for a system that I know will give me a statistical edge so no matter how many back to back losses you experience you know that in the end the stats will prevail.  (This system tend to give you winners and losers in bunches)

Ok so here are the long and short of it:

(This is still a work in progress so feel free to give advice)

I use the HMA system on a 1H time frame with the following tweaks.

First off (I am not yet sure how valuable this is) I use a 4H 180 bar chart and mark the High and low point of those 180 bars.

If price for example approaches and comes close to the High from the bottom up I will not put in a long trade I see that area as strong resistance and I expect volatility greater than my 20pip (see next paragraph) stop loss. I will however take a short position close to the top line and of course the opposite is also true.

I trade all currency pairs offered by Apiary.

My stop loss is a 20pip trailing stop loss irrespective of the currency pair or recent pivot points and I leave it no matter what, this then obviously serves as a take profit as well.

Position size is account balance divided by 50 000 or 100 000 for the more conservative traders.

My experience with this system so far is that my equity curve is climbing in the right direction all be it a bit volatile and that I can achieve a 1% per day return with this system.

Disclaimer: I have not traded this enough to give exact results. I will report back as soon as I have done a few hundred trades.

Thu, 10/18/2018 - 6:14am
 
jan_1

Next step is to see if a static stop loss and a 1 price cycle (or what is left of the PC) profit target will not perhaps give better results

 
Victor S

You mentioned trading all the pairs offered by Apiary. Do you have any favorites?

 
Michelle

If you are having trouble leaving your stops alone, set up two demo accounts and trade them simultaneously, close one and play with your stops on the other. Compare the results it will give you a concrete reason to leave your trades alone. Good luck

 
jan_1

Hi All

Sorry for the late reply

Hi Victor the short answer is no not really, Michelle thx for the advise.