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 2 replies, has 2 voices, and was last updated by  FxTT 2 weeks, 2 days ago.

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  • #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.

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    #787

    happytrader1986
    • 0

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

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    #1433

    FxTT
    Participant
    • 20

    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.

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