Weekly breakout system !

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amarnath
250
amarnath  

Hi all,

This can be the most simplest profitable system on earth and i request programmers here to make it as a EA with option to enable different type of money managment can be switched for backtesting and forward testing purpose. Though some may ask its so simple why not i can trade it as manually ? yes quite it can be done but if its converted into EA it easier to trade across many intruments and to manage trades.

Let me try to discribe basis of this system :

Its simply based on weekly charts and its 100 % price following system ( i recommend not to add any indicators at early stage of optimization of this system but i welcome any suggestion for optimization if its based on money managment not based on indicators ) so to keep KISS its now a naked system as it as .

Rules for entry :

Trades as based on previous weekly close so look at close previous on weekly chart and decide you entry

1. If close previous is bullish then enter long on market open and place stop below last week low and trail stop to cost once gain > stoploss pips and vice versa for short

2. Try to use Martingale and Anti Martingale MM .

Will write further details after its converted into EA and some sort of progress .Its quite medium term to long term strategy but works consistently as its based on established momentum of weekly price action

guillo
8
guillo  

Hi, thanks for posting this strategy, would like to see the continuation.

Thanks.

gazuz
1264
gazuz  

Now that must require a BIG capital.. trading weekly on such a volatile market as the Forex..

amarnath
250
amarnath  
gazuz:
Now that must require a BIG capital.. trading weekly on such a volatile market as the Forex..

Yes but it offers better risk reward ration scenerio with more ability to survive long to medium terms

Nadeem
1853
Nadeem  
amarnath:
Yes but it offers better risk reward ration scenerio with more ability to survive long to medium terms

I think some people should start working on it

@amarnath: do u trade this system?

amarnath
250
amarnath  

Yes but with some more filtered version and not in automated manner and only for order flow use algrothims

Scorpion
4008
Scorpion  

hey bullion bulls, is this the system that you make consistent profits for at least 9 months?

Thanks for sharing man!

q_import
1023
q_import  

I have 1 Account Just For Scalping Weekly Monthly And Yearly Its Accurate

Only 5 Losses in 4 Years vs. 653 Wins Trick Is Not To Cry About The Money And Continue The System..Everything is Possible Your Only Limited By The Lack Of Knowledge and Creativity..

Denis Grath
28
Denis Grath  
q_import:
I have 1 Account Just For Scalping Weekly Monthly And Yearly Its Accurate Only 5 Losses in 4 Years vs. 653 Wins Trick Is Not To Cry About The Money And Continue The System..Everything is Possible Your Only Limited By The Lack Of Knowledge and Creativity..
Denis Grath
28
Denis Grath  

Hi q-import , I am very interested in weekly monthly breakout system, would you be willing to share or advise your system, thanks.

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