Simple Forex System Trading

Thanks everyone for your kind comments.  I am so glad to hear from you.  I had a spam filter put on the site to filter out spammers’ comments.  Your comments were waiting for me to verify but I somehow overlooked.  I apologized for the delay in responding.

I don’t normally trade British Pound in my daily trading; however, I do have demo accounts set up for a few Pound / Dollar breakout systems.  Over time, what I found was that the pivot breakout systems produce better results than simple breakout systems.  Now, I am using Oanda demo to test, so I do not use trailing stops.  The results are based on very simple set-up with protective stop loss and preset take-profit target.  Stop loss also plays a very important piece in the trading system.  I found that somewhere between 25 and 35 pips of stop loss produced better results in conjunction with the take-profit targets.  The ratio is about 1 to 1.  For example, stop loss 25 pips v.s. take-profit 30 pips, or stop loss 30 pips v.s. take-profit 30 pips.  Not that I meant to change the authors’ original systems, but I was just curious as to what combinations of profit/loss ratio would change the end results.

Again, I invite you to check out these two breakout systems if you are a British Pound / Dollar fan, because I think the creators are brilliant.