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Drexellent (By drewmmu)

Gain : +48.76%
Drawdown 54.37%
Pips: 11713.1
Trades 281
Won:
Lost:
Type: Demo
Leverage: 1:100
Trading: Manual

Drexellent Discussion

drewmmu
Dec 06 2011 at 09:15
1 posts
This is the recent defined strategy I'm testing on live demo account (still new to comment on performance, I'm fine tuning it from time to time to make sure I don't blow my account, performance is secondary to me).

I only trade EURUSD based on price action, it works on any time frame.

Entry:
Buys when price goes down, sell when price goes up, each entry increases 0.01 lot size as it stacks, 15-25pips gap.

Exit:
Close a trade when market retrace, TP can be based on the previous entry price, especially useful while market is ranging.

I don't close when market is is trending, will just let it settles down & retraces to make larger profits (the most recent entries wil make larger profit to counter the losses initially because of the incremental lot size).

Money Management:
Watch buy & sell positions, if it is increasing & passes floating drawdown of 2-3%, I'd hedge against it to slow down my losses to keep me longer in the game to see the retracement.

Idea behind this:
Grid, martingale with strict money management to avoid blowing my account.

Alert:
This is demo account, and I don't have a specific TP or SL as long as I feel comfortable with market position I'd close an account. If I were to set TP/SL: 15-25 pips. I don't follow strictly on trading rules because rules are dead and meant to be broken, this is the my strategy & I respect TP & SL very much as every trader does, but as long as I follow strict money management I know I'll be fine.

FEEL FREE TO COMMENT. TQ.

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