This entry was posted
on Thursday, February 21st, 2008 at 12:52 pm and is filed under EUR/GBP.
You can follow any responses to this entry through the RSS 2.0 feed.
You can leave a response, or trackback from your own site.
Thanks for checking out the site. I apologize for the confusion about the stats. The 21 pips or 35 is actually the cumulative results. Normally, I only do one trade a day.
I have been using this method since 2006. In 2006. it was a great year. The results were stunning. 80% gain. In 2007, the pattern changed. So for the first 10 months, it was down 11%. And then, since beginning of November 2007, the pattern resumed. By end of 2007, it not gained all the loss of 11% back, and ended with a 10% gain for the year.
So far in 2008, it’s standing at 12% gain.
For money management, because the stop loss is 17 pips, I make sure that the 17 pips loss is only somewhere between 2% to 2.5% of the total capital.
I use Oanda. Their spread on this pair is quite good. 2 pips.
I think the system works. It just requires patience.
On a side note, the EUR/JPY 30/30 system, just in case, I would advise you not to use it for now. This year, the pattern has been unstable. So, I am writing a script to test it out. I don’t want you to follow it and then lose money on that.
Not sure if you’ll be back to read the post here. I’ll send you an email as well.
I hope you found my reply here. Tried to send you an email with the messages above, but I got a returned email back saying that it was blocked by dynablock.myway.com.
kross said:
Mar 28, 08 at 9:53 pmHi Carl,
Thanks for the 7/17 system.
Just found yr site last week and
managed to make 42pips - 17pips = 25pips this week.
and when i look at yr results it seems that u open a new position after a win , is that how u managed to get 21pips and 35pips in one day ?
Kindly advise.
Regards,
kross
admin said:
Apr 01, 08 at 10:38 pmHi Kross,
Thanks for checking out the site. I apologize for the confusion about the stats. The 21 pips or 35 is actually the cumulative results. Normally, I only do one trade a day.
I have been using this method since 2006. In 2006. it was a great year. The results were stunning. 80% gain. In 2007, the pattern changed. So for the first 10 months, it was down 11%. And then, since beginning of November 2007, the pattern resumed. By end of 2007, it not gained all the loss of 11% back, and ended with a 10% gain for the year.
So far in 2008, it’s standing at 12% gain.
For money management, because the stop loss is 17 pips, I make sure that the 17 pips loss is only somewhere between 2% to 2.5% of the total capital.
I use Oanda. Their spread on this pair is quite good. 2 pips.
I think the system works. It just requires patience.
On a side note, the EUR/JPY 30/30 system, just in case, I would advise you not to use it for now. This year, the pattern has been unstable. So, I am writing a script to test it out. I don’t want you to follow it and then lose money on that.
Not sure if you’ll be back to read the post here. I’ll send you an email as well.
Best of luck and Good trading!!!
Carl
admin said:
Apr 01, 08 at 11:20 pmHi Kross,
I hope you found my reply here. Tried to send you an email with the messages above, but I got a returned email back saying that it was blocked by dynablock.myway.com.
Carl