Share Posts by doblece
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This DEMO account was created as part of a testing period database consisting of 4 different traders' demo accounts at IBFX.
The system employed is the follow-up of my Multi-TF BB strategy, which results (2009) can be seen at:
http://www.myfxbook.com/members/doblece/2cc/2828
The only difference that has been implemented is related to maximal floating drawdowns allowed and a greater distance between the averaged-in trades, besides reducing the maximum of sequential trades to a half (however the 6 trades max is still in place, but applies to short-term trades taken "inside" the bigg......
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This is a variant of the MTF BB System only that there is no averaging down.
Scalping with entries based on 5 minute charts with a multi-timeframe setup (M30 - M5 - M1)
Transforming the trade in a longer term position with the trailings with aim to a 1:5 R:R.
Works in trending, counter-trending and ranging markets.
Presently only tested on AUD/USD, will soon workout the details for other currency pairs as to specific parameters for trailing stops, best BB and SMA settings and possible entries.
R:R expected: from 1:1 upwards.
Some rules and indicators:
Rules:
Fixed trailing stop on entry ......
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Account balance has been reset to better reflect the conditions of the managed account.
I will also be testing several currencies on their own to calibrate the individual settings, and both an intraday and longer term versions have been started and will soon be added to the systems.
By now, this test is being run on AUDUSD solely.
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This is a variant of the MTF BB System only that there is no averaging down (except in the case of an extreme emergency, for example if one has forgotten to set the proper stops, with a precise exit strategy and rules in this case).
Scalping on 5 minute charts with a multi-timeframe setup (M30 - M5 - M1)
Works in trending, counter-trending and ranging markets.
Presently only tested on AUD/USD, will soon workout the details for other currency pairs as to specific parameters for trailing stops, best BB and SMA settings and possible entries.
R:R expected: from 1:1 upwards.
Some rules and in......
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Email sent to you. At the present moment managed account is on a pause due to technical infrastructure reasons.
Regards
Caroline
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Thank you! though I dropped the contest last month as I wasn't having enough time available to handle all accounts.
Good luck to you too!
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Sorry for the delay in responding, Liviu, the forum is a private forum.
I am back now on this account as the managed account is presently on a pause.
Thanks!
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I am using the same system, a Multi-Time Frame with Bollinger Bands, only that on system 2cc (real account) it is solely based on AUDUSD ahd short-term (M30-M5-M1), on 2cc-Daily (demo) the same currency pair but medium term (Daily-H4-H1), BB15 (demo) is a test I am conducting for the medium-term version on 15 (in fact 16) pairs but will probably be paused soon, and "doblece" is a demo account which I will be using for the two-month contest offered at Forex Place (4XP) by Videobourse from feb.15 to april 15 (info here: http://www.videobourse.fr/inscription-championnat-trading.php ).
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