My simple trading strategy got me 923 pips in 2 weeks

[Tropico]

Finally, after almost 3 years of trading I found a system that actually works!
A nice system I have been trading for 3 months.. gained me 50% on account so far :-)
It is based mainly on price movement, and the fact that prices like to retrace to trending moving average and bounce from it, creating strong movements.

Last 2 Weeks Results
GBPUSD: +212 pips
EURUSD: +712 pips

Examples of trades
Pictures with instructions can be seen here:
[url=LINK REMOVED - PLEASE POST ON THE FORUM, NO COMMERCIAL LINKS ALLOWED.[/url]




Charts
This system works on any charts; I prefer using it on 4H and 1H charts.
Be sure to backtest it before you try it on any other time frame.

Indicators
Only Bollinger(20)

Entry Rules
Entry is made after price bounces from Bollinger's Moving Average, when the Moving Average is trending (pointing up or down).
After price has bounced from MA (Created a bullish candle for long trades or bearish for short), place stop order 1 pip above the candle (for long) or below the candle (for short). Watch examples for clarifications.

Stop Loss is 1 pip below low of the previous bar (for long trades), and 1 pip above high of previous bar + spread (for short trades).

Trailing Stop
This is what this system is all about.
Stop Loss is trailed to 1 pip below lowest low of last 4 bars (for long trades) and to 1 pip above highest high of last 4 bars (for short trades). Exits are done only by the trailing stop.

Money Management
I risk 2% of starting equity on each trade.

That's about it.
Enjoy and have a lot of pips!

[Prufer]

This sounds great. I'll definitely check it out. Thanks for sharing!

[Raskolnikov]

Hi thanks for your system. Just to confirm entry. After a bullish or bearish candle (can we take this to be a pin bar or a bullish or bearish engulfing), do you place entry one pip above the high of this candle, once the new candle has opened?

Cheers

[usama1]

thanks for the system, results look excellent, but more clarification is needed

[vilsaint5]

hi every one im new in forex, please can some body tell me how to set up that system to my chart please?

[nano_fx0]

this is K.I.S.S method, I like it....

get them on demo first, thanks

[forexman]

I'll look forward to seeing your continued success. Please continue to post.

[whoisthere48]

Thanks for posting your method. Simple is good if it works even a little bit. Have you tried it on smaller time frames?

Thanks.

Whoisthere48

[Freddy Z]

Great system! The simple ones are usually the BEST ones....

[davsal20088]

no system is perfect. need more examples.

[rpierce]

But why the Bollinger Bands? Since the 2SD bars seem to serve no function, why not just use a 20 period moving average?

Be interesting to see a longer test period. One swallow doesn't make a summer.

[ANDYfx]

Originally Posted by Tropico

Finally, after almost 3 years of trading I found a system that actually works!
A nice system I have been trading for 3 months.. gained me 50% on account so far :-)
It is based mainly on price movement, and the fact that prices like to retrace to trending moving average and bounce from it, creating strong movements.

Last 2 Weeks Results
GBPUSD: +212 pips
EURUSD: +712 pips

Examples of trades
Pictures with instructions can be seen here:
[url=LINK REMOVED - PLEASE POST ON THE FORUM, NO COMMERCIAL LINKS ALLOWED.[/url]




Charts
This system works on any charts; I prefer using it on 4H and 1H charts.
Be sure to backtest it before you try it on any other time frame.

Indicators
Only Bollinger(20)

Entry Rules
Entry is made after price bounces from Bollinger's Moving Average, when the Moving Average is trending (pointing up or down).
After price has bounced from MA (Created a bullish candle for long trades or bearish for short), place stop order 1 pip above the candle (for long) or below the candle (for short). Watch examples for clarifications.

Stop Loss is 1 pip below low of the previous bar (for long trades), and 1 pip above high of previous bar + spread (for short trades).

Trailing Stop
This is what this system is all about.
Stop Loss is trailed to 1 pip below lowest low of last 4 bars (for long trades) and to 1 pip above highest high of last 4 bars (for short trades). Exits are done only by the trailing stop.

Money Management
I risk 2% of starting equity on each trade.

That's about it.
Enjoy and have a lot of pips!

Hey what happened? Was this just a tease? no more from you since last month. Common man (or woman), let's hear some more!

[frito]

Originally Posted by Tropico

Finally, after almost 3 years of trading I found a system that actually works!
A nice system I have been trading for 3 months.. gained me 50% on account so far :-)
It is based mainly on price movement, and the fact that prices like to retrace to trending moving average and bounce from it, creating strong movements.
...
Enjoy and have a lot of pips!

what was your max floating dd?

[rpierce]

Two good short trades on this method yesterday - USDCAD, and USDCHF rejected at the 20ma line. Currently around 100 pips each in profit. This method may be worth some more attention - not much interest here by the looks.

[McKeen]

Thanks for sharing your trading-system.

Is it still profitable for you?

/ McKeen

[vilsaint5]

The Systems Discuss and share different strategies for trading FX

[uzo10]

YOUR SIMPLE TRADING SKILL SEEMS GREAT BUT IT'S NOT AS EASY AS U EXPLAINED. PLS I WOULD APPRECIATE IT IF U EXPLAIN THAT METHOD BETTER FOR CLEARER UNDERSTANDING.
I'LL REALLY LIKE TO USE IT.

THANKS.
UZO (Owerri)

[uzo10]

Hey, Are u talking about the simple trading methods using bollinger moving averages?

[uzo10]

Originally Posted by rpierce

Two good short trades on this method yesterday - USDCAD, and USDCHF rejected at the 20ma line. Currently around 100 pips each in profit. This method may be worth some more attention - not much interest here by the looks.

rpierce , seems u have a working knowledge on this strategy. I hope u dont mind explaining it to me. Pls.

[Leshyne]

thanks for posting tis really wat d sites bout making trades simple. will giv feedbak

[pritam08]

Thanks for sharing...will try and feedback coz i use the 1H and 4H charts as well

[coolheat320]

Thank you for posting your method. Has anyone else had much look trading this system? Thanks

[nitherall]

where has he gone?

some more examples would be nice.

[nora112]

thank you for sharing, i will demo this system

[jackie101]

With the countless number of trading techniques that are available today, it is difficult to say which is better and which is no good. What is important for you as a trader is that you must feel comfortable with the trading strategy that you adopted. As the Oracle of Omaha Warren Buffet, use to say there are only two rules in investment. The foremost rule is “Never lose money” while the second rule is “Always remember the first rule”.

[jakehunter]

Thanks for a very useful info. I've tried to find any useful info about the same experience, but there was no good stuff. And not so long ago I’ve found some free soft archive from some expert’s site or something like that. And you know what - it worth all my searching time. Saving your time – you can find it here