Hello,
I have been trading this system for a while but only this year decided to use it exclusively on one account. I will be publishing it soon on simpletrader.
I started trading with this system on this account on the 12th of March 2019. The only pair traded is XAUUSD. All trades have fixed SL of 24 pips and it won't be moved unless we are at BE or in profit for specific pips. Once we are in profit a trailing stop is activated and we ride it until we get stopped out. We can get hit by several SL, but in the long term, the system is profitable. Trades are usually closed within a day either by SL or trailing SL.
Risk management:
I suggest using 0.01 lot per $200 for 5% risk per trade setup
This account uses 0.01 lot per $100 for 10% risk per trade setup
Conservative approach is 0.01 lot per $500 for 2% risk per trade setup
Ultra-conservative approach is 0.01 lot per $1000 for 1% risk per trade setup.
Myfxbook links:
Custom date from March - https://www.myfxbook.com/members/opo...rtunis/2610091
Fresh account - https://www.myfxbook.com/members/opo...ckmill/3487146
Backtests:
I backtested the system from 1.1.2018 to 23.2.2019 and it made about 416%. I didn't go further since from March you have a live account to check. I can add an mt5 backtest also if somebody helps me how to add an HTML file here.
As you can see the live results are a little worse because in real account the trading conditions are also worse and you get slipped or servers go offline etc. I use ICMarkets, but lately, the slippage is bigger than usual and the loss that happened on 13.8.2019 was due to their servers going offline. On another account where I use the system, I got profit, because the servers were OK and the trade was in our favor for 3 minutes. I already made a complaint and I started a fresh account at Tickmill to compare the performance on both brokers.
If you have any questions don't hesitate to ask. With the bloodbath here I think my signal will rise to the top performers in a while.
I have been trading this system for a while but only this year decided to use it exclusively on one account. I will be publishing it soon on simpletrader.
I started trading with this system on this account on the 12th of March 2019. The only pair traded is XAUUSD. All trades have fixed SL of 24 pips and it won't be moved unless we are at BE or in profit for specific pips. Once we are in profit a trailing stop is activated and we ride it until we get stopped out. We can get hit by several SL, but in the long term, the system is profitable. Trades are usually closed within a day either by SL or trailing SL.
Risk management:
I suggest using 0.01 lot per $200 for 5% risk per trade setup
This account uses 0.01 lot per $100 for 10% risk per trade setup
Conservative approach is 0.01 lot per $500 for 2% risk per trade setup
Ultra-conservative approach is 0.01 lot per $1000 for 1% risk per trade setup.
Myfxbook links:
Custom date from March - https://www.myfxbook.com/members/opo...rtunis/2610091
Fresh account - https://www.myfxbook.com/members/opo...ckmill/3487146
Backtests:
I backtested the system from 1.1.2018 to 23.2.2019 and it made about 416%. I didn't go further since from March you have a live account to check. I can add an mt5 backtest also if somebody helps me how to add an HTML file here.
As you can see the live results are a little worse because in real account the trading conditions are also worse and you get slipped or servers go offline etc. I use ICMarkets, but lately, the slippage is bigger than usual and the loss that happened on 13.8.2019 was due to their servers going offline. On another account where I use the system, I got profit, because the servers were OK and the trade was in our favor for 3 minutes. I already made a complaint and I started a fresh account at Tickmill to compare the performance on both brokers.
If you have any questions don't hesitate to ask. With the bloodbath here I think my signal will rise to the top performers in a while.
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