My TUFXP2 Method

In May 2008 I started using The Ultimate Forex Predictor and have blogged every trade here up to Christmas 2009 using a particular strategy that worked very well indeed.

In fact, it made me a total of £63,020 tax free profit trading at £10 per pip level stakes.

In February 2010, the team at TUFXP asked me to beta test their new version of TUFXP, which they called, TUFXP 2. I was more than happy to give it a go and was very, very pleased with the results with the default settings.

Unlike the previous version where I had to run separate charts on different time frames to check for qualifying trades, this version only required me to have one chart open, on one time frame, and to use a strategy that required a lot less time at the computer.

Here are the settings:

And the trading method is simple:

1. GBPUSD 5 minute chart.
 
2. Trading times are 6am-10am and 1pm-4pm.

3. Enter a trade on a qualified PTP but ONLY if you also have a matching colour on the Parabolic indicator AND the Moving Average. Aim to scalp 20 pips using the TESS 100%  stop loss up to a maximum of 35 pips. Note: this means when the market hit’s the entry point, there must be the same colour parabolic and MA on the entry candle.

4. Aim for 20 pips profit per day. If the first trade of the day wins, quit for the day. If the first trade loses, take another trade. If that loses as well then quit for the day. If the second trade wins, take one more then quit after that regardless of the result.

5. Don’t trade the first Friday of the month as this is Non Farm Payroll day and trading is too choppy. 

6. That’s it! I don’t pay any attention to news items, support and resistance, pivot points or any of that jazz.

I use the FXCM feed: GBPUSD.FXCM

I will blog the results daily from now on.

I hope this is of help.

If you don’t have The Ultimate Forex Predictor already you can get it here:

http://www.cash-master.com/tufxp.php