Hello everyone, i have been trading from past 8 years. I have come across so many indicators, strategies and analysis. But what ever i tried with those indicators and strategies ended up with huge losses after some period or interval of time. Because each strategy work in a specific market conditions only. And when market condition changes that strategy fails. You have to be flexible to survive in any market condition. But its never "The end" until u "Give up". So finally, i have the system or the strategy that work in any situation, But it has its own rules, If you follow the complete set of rules, you ll never end up in loss on weekly basis. This is a kind of Hedge technique and things we need are.
1.) Vision: You should be able to predict which side market may move ahead.
2.) Money Management
3.) Patience
If you are able to look at a chart and identify when the market is "Trending", Then you can enter in the direction you like.
Example: I bought 0.10 volume of GBPUSD at 1.4150 and my TP for GBPUSD will be 1.4200 and SL 1.4047. Here i am taking TP as 50 Pips and SL as 100 Pips, i added 3 pips extra into SL because i counted the spread as well (SL= 100 + spread of the pair). Immediately place a sell stop 0.30 volume of GBPUSD at 1.4100 TP 1.4050 SL 1.4203.
NOTE: If price goes up straight away and hit the TP @ 1.4200, you ll get 50$ profit. Then you need to sit back and relax, just remove that pending order that you added earlier (0.30) to counter the trend.
If the TP at 1.4200 not reached and the price goes down, trigger the pending order and reaches the TP at 1.4050. Then, you have a profit of 50 pips for this 0.30 trade, counted as 150$ ( 50x3=150$ ) and loss of 103 pips in 0.10 trade, counted as -103$ ( 103x1=103$ )
Total Profit will be 47$. Isn’t it nice???But if the TP @ 1.4200 ( for 0.10 lot ) and SL at 1.9770 ( for 0.30 lot ) did not reach and the price goes up again, you have
to put a Buy Stop order 0.60 in place at 1.4150 TP 1.4200 SL 1.4047( same as 0.10 lot) in anticipation of a rise. At the time when the Sell Stop was
reached and became an active order to Sell 0.3 lots (picture above), you have to immediately
place a Buy Stop order for 0.6 lots at 1.4150 (picture below).
If the price goes up and hits the SL or TP at 1.4200, then you also have a profit of 41 pips!
If the price goes down again without reaching any TP, then continue anticipating with a Sell Stop order for 1.2 lots, then a Buy Stop order for 2.4 lots, etc... Continue this sequence until you make a profit. Lots: 0.1, 0.3, 0.6, 1.2, 2.4, 4.8, 9.6, 19.2 and 38.4
In this example, I've used a 50-100 configuration (TP 50 pips, SL 100 pips + spread). Which is the best suited, but you can also try 15-30, 30-60.
NOTE: Choose low Spread pairs like EURJPY, USDJPY, EURUSD, GBPUSD, AUDUSD, NZDUSD etc.If you have an account of $3200 , You can start with 0.10 (10000 units) and one pair at a time. And you can easily make profit of 15-20% of the account balance every month consistently whatever will be the market condition. And if you have an account of 6400$, you can start with 0.20 (20000 units) again telling you, one pair at a time. Then you wont find any difficulty in making money.
If you trade using this strategy success is Guaranteed!! I am providing my account trading results as well for February 2018, please look at the image below.
