20 pips scalp system - page 3
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hi
Hi guys i'm testing out a system that i've been working on for scalping gbp/usd based on Stochastic.
Manual back testing seems to be promising, but then again it's only backtesting. So I'm starting this thread for documenting all the signals this system generate on forward testing.
!!Please note that this thread is only for my own documentation and by no means should be treated as a signal for real trading. This system has NOT been tested thoroughly.!!
Additional comments regarding the system
-SL is always a hard SL. Meaning if we're in a short position, SL will be put on the BID price and vice versa. If you don't have this option on your platform, then add your spread manually.
-This system is based purely on technical indicators for entry and exit. Occasionally trades can be closed prematurely prior to major news announcements.
-All trades are closed on Friday before closing bell.
>>>This section will be updated after every signal<<<
This Forward Testing Starts on October 31 2007
Total Trades so far : 12
Total Pips so far : +25
Winning trades : 7
Losing trades : 4
Break even trades: 1
Open Position :
NONEhow many pips average have u got in a week ?
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Forex Indicators Collection
How do you set your stochastic + timeframe used?
Do you trade only during trending period or both including sideways?
If you post in the screen shot that would be more clear..
What's your Risk / Reward ratio with this system?