1000 pips using GBPUSD multiday system

[harmarney]

1000 PIPS DONE !!!

I am going to post trade signals for a month to see if a system which has been historically successful (backtesting) can get 1000 pips (via multiple lots) in the next few weeks trading only the GBPUSD pair. The basic details for using the system are:

1) Will use 4 lots (or units) per trade to start with.
2) Will use stops AND occasionally can use SAR (stop and reverse) trades.
3) Calls may well be either order entries in advance or on occasion real-time.
4) Most calls will be just after 00:00 BST then during the day if the order is filled there may be some calls for a SAR based on the level stated at 00:00
5) Lots in positions will be normally be closed at different intervals (obviously if we managed 250 pips straight off * 4 lots we would do the 1000 pips very quickly but the system has to mathematically close partial positions so this wont happen).
6) Once order taken the first three TPs will be +70, +85 and +100, as soon as first TP is hit at +70 a stop will be put on at b/e for any remaining lots.
7) On quite a number of days the price will not hit the entry order, this is to be expected.
8) I have a three pip spread on GBPUSD and order levels given will be the appropriate bid / offer price.

I will keep a record here of the pips gained and also the current orders, TP etc

Days Traded : 10
Total Pips : +1005

Current Position :
Order :
Stops :
Limits (TP in pips) : 70 pips, 85,100 and open

[m_ashiq88]

Originally Posted by harmarney

I am going to post trade signals for a month to see if a system which has been historically successful (backtesting) can get 1000 pips (via multiple lots) in the next few weeks trading only the GBPUSD pair. The basic details for using the system are:

1) Will use 4 lots (or units) per trade to start with.
2) Will use stops AND occasionally can use SAR (stop and reverse) trades.
3) Calls may well be either order entries in advance or on occasion real-time.
4) Most calls will be just after 00:00 BST then during the day if the order is filled there may be some calls for a SAR based on the level stated at 00:00
5) Lots in positions will be normally be closed at different intervals (obviously if we managed 250 pips straight off * 4 lots we would do the 1000 pips very quickly but the system has to mathematically close partial positions so this wont happen).
6) Once order taken the first three TPs will be +70, +85 and +100, as soon as first TP is hit at +70 a stop will be put on at b/e for any remaining lots.
7) On quite a number of days the price will not hit the entry order, this is to be expected.
8) I have a three pip spread on GBPUSD and order levels given will be the appropriate bid / offer price.

I will keep a record here of the pips gained and also the current orders, TP etc

Days Traded : 0
Total Pips : 0

Current Position :
Order :
Stops :
Limits (TP) :

I am really eager to see how this turns out. Do you think it will work realistically?

[harmarney]

Originally Posted by m_ashiq88

I am really eager to see how this turns out. Do you think it will work realistically?

I hope so, looked good in backtesting, guess we will see..

[harmarney]

Ok orders for today are:

1 lot short 1.7453 stop 1.7490 Target 1.7383
1 lot short 1.7473 stop 1.7490 Target 1.7403

4 lots long 1.7490 with inital stop 1.7270 (this will change when triggered)
Targets 1st - 1.7560, 2nd - 1.7575, 3rd - 1.7590, 4th - Open
On hitting any target short or long all other lots stop at b/e

[abha97]

Harmarney , Your experiment with EUR/USD did not achieve its target, how about it

[harmarney]

Short 2 extra lots here 1.7482

[harmarney]

Ok TP on shorts modified to;

2 lots at 1.7422 (if hit stop on other 2 moved to 1.7472)
1 lot 1.7403
4th lot open

[harmarney]

OK SAR back short At 1.7484