April 21, 2012

ForEx Trend Rider

Week 6

EUR/USD 15 minute (flat £10 per pip)

 

Note I work with additional filters:

Both MAs below trendline for a sell, or above for a buy

Some degree of separation between the MAs

Don’t trade off a large bar (think this is in the manual anyway) of around 20+ pips long

Don’t trade off a large move in either direction as you should never trade the end of move

 

This seems to result in 1 trade per day. At the end of the trial I will summarise my entry times.

 

Date Time Direction Stop Pips  P/L
16-Apr 12:30 Buy 25 23  £       230.00
16-Apr 17:15 Buy 23 21  £       210.00
17-Apr 09:00 Sell 23 -23 -£       230.00
17-Apr 13:00 Buy 20 -20 -£       200.00
19-Apr 12:15 Buy 25 -25 -£       250.00
20-Apr 12:30 Buy 25 23  £       230.00
20-Apr 15:45 Buy 24 22  £       220.00

 

Week 6: 21 pips for £ 210
Overall:  224 pips for £ 2240

 

4 hour trades are reported once per month

 

Usual caveats apply:

Trading ForEx is discretionary; I’ll see trades other people won’t and miss trades that they take. We all read the market differently; therefore your results will be different from mine. Further, I am experienced trader with over 4 years’ experience. Although I try my best not to colour my trials with this experience it is impossible to remove it completely.

Filed under Forex,Spread Betting by Arthur

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