Forexxxx +120, -60

[bradmanfx]

I'm not going to mention currency pairs, frames or indicators. What i intend to do is post a weekly 1 box message.

This will save me a lot of time, as i can quite easily make 1 post a week without interfering in my life. Forex trading since Jan 2006.

So there is no method or system mentioned here.

I have been trialing my own system which for about 8 weeks has averaged around +80 pips a week.

My Money management is what this Thread will be about.

I intend to start with my $800 account at 0.1 Lot live soon.

At +120 pips i will double my Lots. But if i encounter -60 pips i will halve my Lots.

I want to get to 2 Lots per pip, at around +80 pips a week ($1600 week). To get there within 5 months sounds reasonable. This system has very small losses, like -5 frequently with 20 pip SL. Here starteth the Odyssey...

[bradmanfx]

Still not about to go live.

+133 pips this week.

Tinkering mildly with rules about method. 12 noon till 3 in morning period. (5 hours into Asian Session start trade, enter no more trades after Go Markets Broker 20:00). Was previously starting 2 hours into Asian session, but the trades in that time were mainly negative.

I will post weekly, with excel chart, if i can.

.1 Lot for 120 pips.

.2 Lots for 120 pips

.4 Lots for 120 pips

.8 Lots for 120 pips

1.6 Lots for 120 pips

2 Lots forever onwards.

Will halve Lots once negative 60 pips are hit. I.E. 0.8 Lots lose 60 pips change back to 0.4 Lots.

This scaling method is like 1 Lot for 100 pips - then when you get it, 1.1 Lots aim for 100 (or when lose 90 pips drop back to 1 Lot.)

It is quicker money management than for instance 1 Lot per $10,000.

Happy trading!