GBPJPY 15 Min Trend Follow 6 Cycle Discussion

This is another trading system from Staffan at https://www.upordown.eu/ Below is the description he sent me about the Bots and how they trade.

I am a customer of Staffan's and I receive no financial benefit from the information I share about his systems. My hope is that more people will share systems that they have tried so that we can find trading systems that work.

Here is part of the email that I received from Staffan.
'This system is something different. This one is taking trades with the help of a trading robot and it is only trading the EUR/USD. And this one includes hedging, so you must be able to use hedge orders (not for US citizen as far as I know).

The robot will take trades in the direction of the trend (by using a combination of indicators to find the trend). It will then place a small trade and take a small profit and then continue taking new trades in the direction of the trend. And if the trend change direction, the robot will use a grid to get out of the trades. So it will place a new trade in the same direction, but this time add a little to the trade amount until it can make a total profit. But while it is making these new trades the robot will also start making trades in the new direction, which is the opposite to the first one. While the first robot is trying to make profit when the trend have changed, a new robot is starting to work on it’s own to make some money while the first one will add more trades.

Then I have a third robot watching the other two and the total account and this one is controlled by me every now and then. I will check the weekly profit and use the profit for the whole week to let the robot calculate when to close all orders. If the open trades reach around 50% loss of the last weeks profit the third robot will close all open trades and start all over and work for more profit. It’s fully automatic, but protected and watched by me to change the closing limit level from time to time.'