GBP/JPY Equity Building Profitable trading strategies

[rrram2]

See some brokers call it swap and dont pay you premiums (interest as cash)
they lower your basis on the trade the exact amount needed to equal what is due you. forex.com does this (effectively the same as paying interest)
so if you got long at 206.00 and the day rolls over at 5PM forex.com will lower the price at which you got youir long top like 205.96 or something
which effectively gives you 4 pips.

You pretty much got it. Keep your margin %age useage low and dont buy too many too high.. Instead of every 10 pips down do 20 or 25 or 35 or 40 or 50 or 60 or something this beast has a huge range.

You dont use a SL because you only close orders at preset TP points that yield a profit.

I yield a 99% winning ratio on my GJ trades.

TEST IT ON A DEMO ACCOUNT FIRST!

Originally Posted by Sweet Pip

Hi there,

I've been trying to understand this system and this is what I think I understand...correct me if I'm way off base

So you only want to place Buy orders because only Buy orders earn interest even if the trade is in a loss at the time interest is calculated ...Sell orders, get charged negative swap whether the trade at the time is profitabe or not...is that correct? In MT4 it says swap...is that the same as interest?

The Buy orders are placed or staggered as the price goes down...in anticipation that the price will bounce back up sooner or later?...which is why you don't want to use a stoploss? So like you said you're investing in the drawdown and the drawdown earns interest?

Then there is no real need of any indicators except maybe an oscillator to tell you when it's the start of a down cycle?

So if I've got that right, then I'll just have to try it

Thanks

[rrram2]

Seems like it caused price to sink then rise!
Maybe we are moving up now that that news is out of the way.

[rrram2]

Where is says sweet pips is still new to babypips.com or something.

I saw one user where it said he has disabled his reputation.

Originally Posted by Sweet Pip

You can also click the above "Quick Links" link and it will display a drop down menu...at the bottom is another link titled "Who's Online".

[rrram2]

I only put one day into the report viewer and it looks like my 700+ pips is over more than one day. Oh well!

Originally Posted by grader

Its funny , straight after I asked that question she started rising and bagging pips all the way up. This system is absolutely amazing, once again thanks for sharing Elijah. Haven't counted yet but made alot of pips !!!!!

[Sweet Pip]

Originally Posted by rrram2

Where is says sweet pips is still new to babypips.com or something.

I saw one user where it said he has disabled his reputation.

I think the thumbs up or down icons above the join date of each post are where you can give others a "plug" towards their reputation. If that affects the blue boxes I don't know. There isn't much info, or it's not easily found.

[rrram2]

I gave you a thumbs up.

Originally Posted by Sweet Pip

I think the thumbs up or down icons above the join date of each post are where you can give others a "plug" towards their reputation. If that affects the blue boxes I don't know. There isn't much info, or it's not easily found.

[Sweet Pip]

Originally Posted by rrram2

I gave you a thumbs up.

Thanks ...I gave you one too when I was testing it

[mytwopips]

Hi rrram2,
This is a very interesting strategy that you have. I think I am going to try it (demo for a while of course).

I am going to make one change. I will only start taking the longs once price has moved a fair distance below the 200 ema on the 15m.

My change has an advantage and a disadvantage.

Advantage: Possibly better win ratio with all orders, even the first order taken in the series.

Disadvantage: Even on the 15m you only get a signal about once a week. Twice sometimes.

Any comments?

Thanks for sharing your strategy.

[Sweet Pip]

OK, so I've got 3 longs open between 205.90 and 206.20...and it's stalling at 1st support around 205.80. Now lets see it reverse

[Sweet Pip]

Well that was sweet ....all 3 hit their target of 20 pips each! But now I don't have any longs to earn interest on oh well

Thanks for sharing and I'll keep demoing this for a while yet and hope it holds consistently for me