Came up with a profitable (long term) system, need your feed back on it (please)

MoneyTec Forums Trading Strategies Came up with a profitable (long term) system, need your feed back on it (please)

This topic contains 3 replies, has 3 voices, and was last updated by  McCoy 8 months, 1 week ago.

Viewing 4 posts - 1 through 4 (of 4 total)
  • Author
    Posts
  • #786

    alex
    • 0

    Hello to every 1 in this great site… we have been using a forex trading system for about 8months,thats has been very profitable 4 us & only has 1 minor flaw in it( that we could find),,im gonna detail the system we r using & u all let me know if u see or find any other flaws with..here it goes.. 1st, we {study/review} all the charts 4 the currency pairs we r interested in, we go back {weeks/months} & see the highest # it went & the lowest# & then we get an average as to were the middle is,,we pick a currency pair, that has had alot of( fast/sharp) movments( up&down), we call it the EKG effect!..We have in our trading account $10k, but we only use 40% of that $10k, which is $4k, to invest & $6k to keep in our account so when our margin goes into the negatives, to cover!…Then we open 2 trading accounts with our broker & split that $4k, in 1/2 =$2k, per account to invest,,then we pick a currency pair ( GBP/USD) & We invest $2k. to buy(sell high) with 1 account and $2k, to sell(sell low) with the other account,this is done simultainously using the same currency pair ( GBP/USD) , once u open your trade, 1 pair is gonna go into the +postives(make $) & the other pair is gonna go into the negative- ( simultainously)..at this point you let ur trades ride the (up or down trend) & let the pair thats making $ ,continue making $..Once your (positive pair) reaches a point were your a satified with the $ its made, you (sell it/close it) and now you r left with the (currency pair) thats in the negatives (dont get scared) my negative pair has been at (-326 & my usable margin at 55%), and the (60%/$6k )i left in the account has covered my margin perfectly!!..at this point were you have sold your( positive pair+ ) & put your investment of ($2k) & my porfits($500.example) back into your account,, .,now i wait till my (negative pair-) gets up to the same( #5510,example) i originaly bought (both pairs )at and i purches the same currency ( GBP/USD) $2k,worth of it to (sell-go down) & then the whole process is repeated & i make profits….with this system i always make profits, with 1 currency pair or the other! u cant really loose,ither im gonn make profits with the (buy or the sell) currency pair..the only few flaws ive been able 2 find out in this system is..the waiting time for my ( negative pair ) to come back to the orginal (#5510.example) i bought it at could take any were from a few minutes to a week! depending how active that currency is & how much it went up or down.. and another flaw is, when the currency i bought ( flat lines) doesnt make any sharp jumps( up or down) & stays like that for a few hours or days….This system made me on tuesday in 12hours >$ 1295.in profits,,i was woundering does anybody here use this system? and i want u guys to se if u cant find any other flaws in it? in 8month i have done excellent$$, always making consistent profits.

    0
    0
    #787

    happytrader1986
    • 0

    You’d better post here a screenshot. It will be easier to understand your strategy.

    0
    0
    #1433

    FxTT
    Participant
    • 24

    I be very honest, it looks bit too risky for my liking. And as Happytrader said, it’s better to have screenshots with the results and the way you use this strategy.

    I know you are not getting paid to share your strategy, but if you are genuinely interested then you have to do it to make it easier for others to understand.

    1
    0
    #1686

    McCoy
    Participant
    • 13

    Thanks for sharing it here. This looks very complicated and impossible to exactly follow like this. All this looks like arbitrage strategy, but it is hard to say clearly due to this not properly put up. I always enjoy trying something new but still want to keep things calm!

    0
    0
Viewing 4 posts - 1 through 4 (of 4 total)

You must be logged in to reply to this topic.