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  • #16
    July has started well and already 2.84% gain with 3 trades. It opened GBPUSD buy where 2 out of 3 hit TP; GBPJPY where 3 out of 3 hit TP and EURUSD sell where 2 out of 3 hit TP.
    In June I only had 1 trade and now little more action. Usually it can open between 1 -5 trades each month. So I donīt expect too much the rest of the month, but letīs how it plays out.

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    • #17
      July ended with 2.84% gain to the account with 3 trades.
      Patiently waiting for the right setup to come along


      Sent from my iPhone using Tapatalk

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      • #18
        Thanks for the update. I wish you continued success.

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        • #19
          This is a reversal system and when using that kind of system, it needs to be patient and the hard thing is to pick the right moment.
          Just closed the first trade in Agust with 1.2% total gain for the month (EURUSD buy)
          Usually 1 - 5 trades pr month so let’s see what happens.


          Sent from my iPhone using Tapatalk

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          • #20
            Originally posted by RenkoGuy

            The stats are private , why ? Show some more data.
            Check again no trades open. But trade history and open trades still private.


            Sent from my iPhone using Tapatalk

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            • #21
              Well, you can see that this is a low risk system with low DD and trades only few times pr month.
              Verified account
              If you check each month (in the monthly analytics) you can see which crosses were traded and average holding time.
              Only working on the Daily timeframe.


              Sent from my iPhone using Tapatalk

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              • #22
                Looks like I will be finishing August wih 1.16% gain after only one trade, EURUSD buy.
                I am slowly adding to this account - still restrictions here in Iceland in aftermath of the crisis few years back.

                https://www.myfxbook.com/members/HB_...w-risk/2352122


                Sent from my iPhone using Tapatalk

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                • #23
                  September:
                  Waited a long time for some "action". This is a reversal system and with this type of systems, it is necessary to be patient and look for clues in the market. Now in September 3 trades were taken, EURUSD sell, EURCHF buy and EURJPY sell.
                  Profit has been taken and we are up 1.66% this month. When a trade signal appears, this system takes 3 trades. All with the same SL but with different TP. Each trade with 0.5% risk, total 1.5% for all 3 trades. There are 2 trades still open; one EURUSD sell @1.17418 with TP at 1.16143, SL now at BE; EURCHF buy @1.12889 and TP at 1.14712,SL now at BE.
                  Only one of the EURJPY trades reach itīs target, the other 2 were closed at BE.

                  https://www.myfxbook.com/members/HB_...w-risk/2352122


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                  • #24
                    The eurusd closed this morning, hit TP, adding 0.85% gain. So total 2.53% this month.


                    Sent from my iPhone using Tapatalk

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                    • #25
                      I have been trading this system for 2 years prior to opening this account to build the correct history. Now it is almost one year since starting and the results are as expected. I wanted a system that had low drawdawn and low risk. Now after a year, it has generated over 7% profit and the drawdown is only 6%. Bear in mind that the first 2 months, I only used 0.25% risk pr trade and increased it to 0.5% in January this year.

                      It has taken very few trades the past months as the markets have been in nice trend in most of the crosses. I also use systems that are trend following - will post about those systems in my other thread. Reversal systems have to be very patient and is very important to keep an eye on points where the market could reverse and back that visual clue with other informations.

                      Attached Files

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                      • #26
                        Well well october passed by without opening a trade. I did not get any reversal signal and that is ok. Now this account celebrates itīs 1 year birthday and the results are showing what I wanted to show you here in this forum. Slow and easy: 7.13% profit over the year with 6.08% drawdown.

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                        • #27
                          Low risk trading strikes me as completely unfavourable since taking little risk through several small operations can only generate small profits, This way you won’t be able to grow in the best way on Forex and I don’t recommend doing something like that at all.

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