study (By forex_trader_109461)
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study Discussion
Jan 28, 2013 at 19:19
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forex_trader_109461
Member Since Jan 28, 2013
1 posts
Jan 28, 2013 at 19:50
This is a simple technical system that is implemented with strict money management and rigorous discipline. Focus areas are risk minimization and consistency development.
The program commences from Tuesday 29 January, 2013.
To ensure good risk management the system abides by the following principles:
1. Trading is closed on Weekends and during US & UK Public Holidays.
2. Trading hours are 2.00 am to 11:30 am EST (GMT-05:00).
3. Only the EUR/USD pair is traded and only one trade is open at any time (A new trade is executed only after the previous trade is closed).
4. Each trade has a stop loss of 0.8%.
5. The maximum time a trade can remain open is 2 hours.
6. Daily loss limit is set to 1.6%.
NOTE: There are some data points from 2012 for a different system that used higher leverage. I have used custom statistics to separate that data.
The program commences from Tuesday 29 January, 2013.
To ensure good risk management the system abides by the following principles:
1. Trading is closed on Weekends and during US & UK Public Holidays.
2. Trading hours are 2.00 am to 11:30 am EST (GMT-05:00).
3. Only the EUR/USD pair is traded and only one trade is open at any time (A new trade is executed only after the previous trade is closed).
4. Each trade has a stop loss of 0.8%.
5. The maximum time a trade can remain open is 2 hours.
6. Daily loss limit is set to 1.6%.
NOTE: There are some data points from 2012 for a different system that used higher leverage. I have used custom statistics to separate that data.
*Commercial use and spam will not be tolerated, and may result in account termination.
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