so, I opened BUY GBP/JPY at 221.90
SL 216.90
TP 236.90
Thanks for sharing, greenrun. But about the leverage, does it has to be 1:2? It is quite strange that you could make 50% profit per year with 1:2 leverage. The currency pair must gain about 25% to make 50% profit. So if you buy GBP/JPY at 221.90 now, it must reach 277.38 to make 50% profit. But 277.38 is far reach for a year of movement.
However, you said the number of positions is about 4 to 6 a year. That makes this system believable. I was wondering how long you have been trading this system successfully?
lets see here scorpion --- looks like GJ will drop to the 212.029 area within the month and having gone below its 3 year/1 month LRC, should definitely bounce with a topside PRESENTLY showing of 251.05, although bols has descended to 248.46, but that should go back up as the currency rises during the year ! Of course, thats still below 277, but hey -- stranger things have happened !
call me back next year and lets see how we do !
enjoy and trade well
mp
Thanks for sharing, greenrun. But about the leverage, does it has to be 1:2? It is quite strange that you could make 50% profit per year with 1:2 leverage. The currency pair must gain about 25% to make 50% profit. So if you buy GBP/JPY at 221.90 now, it must reach 277.38 to make 50% profit. But 277.38 is far reach for a year of movement. However, you said the number of positions is about 4 to 6 a year. That makes this system believable. I was wondering how long you have been trading this system successfully?
==========
Hi, Scorpion!
Not so bad, if I catch 2 full trades about 1500 pips each and with 1:2 leverage, I get approximately +28,5% yet and pluss positive swaps! I made + 76% with this system together with swingtrading last year !
Buy Aud/jpy @ 95.60
Sl 92.60
Tp 107.50
Buy Aud/jpy @ 95.60Sl 92.60Tp 107.50
SL moved to 94.10
SL moved to 94.10
SL moved to 95.65
How long are you using this system?
Do you already trade live with it or are you still modifying it on a demo account?
looks interesting, and keep on the good trading work!
so, balance is +316 p today
![MQL5 - Language of trade strategies built-in the MetaTrader 5 client terminal](https://c.mql5.com/i/registerlandings/logo-2.png)
- Free trading apps
- Over 8,000 signals for copying
- Economic news for exploring financial markets
You agree to website policy and terms of use
I will tell about profitable forex carry trade system that I use myself :