Hi Beaker,
My system is very simple. I buy when the price is High and close the position when the price is Higher, and sell when the price is low and close the position when the price is lower.
The truth is that in these last years, since I discovered FX I tried real hard to find te Holy Grail, because I was almost certain that it could be found, and that EAs and Technical Indicators were the the right tools to find it. This search only brought me failure (blown out account) and dispair. I made a few months of pause im my trading (demo and live) and started again a few months ago. Since March I got rid of ALL indicators and trade only based in Price Action and S\R levels. This method seems to be the right way of trading for me. Now I only need to get more disciplined with my Money Management, because I still brake my own rules sometimes
My main goal is to being able to have a maximum risk per trade of 2% and to grow consistently my mini account for at least 10 of 12 consecutive months. If achieve that I will deposit in my Mini account the same value that I earned in that time. And then the process starts again.
My cumulative results so far:
Total Trades......................609
Total Winning Trades...........529 (86,9%)
Total Losing Trades...............76 (12,5%)
Total BreakEven Trades...........4 (0,6%)
Max Pips Won.....................359
Max Pips Lost....................-745
Avg Pips Won.......................54
Avg Pips Lost....................-355
Interest Profit/Loss...........$0.31
Profit/Loss....................$221.19 (75,37%)
Many pips to everyone,
JFonseca
