hi their i just found this System on Simple Combined Breakout System for EUR/USD and GBP/USD with great results - StrategyBuilderFX
any one tested before can someone explain it an some examples
hi their i just found this System on Simple Combined Breakout System for EUR/USD and GBP/USD with great results - StrategyBuilderFX
any one tested before can someone explain it an some examples
Looks like a system where you had better have the ability to stand huge drawdowns. By his own claims http://http://www.myfxreport.com/hansmonthly.htm he made money in January +270, lost in February -344, lost in March -755, lost in April -323, and finally +364 so far in May. For the year -788.
David
so you mean that his system don’t work consistently
It means, if you traded a $5,000 mini account, and each trade risked no more than 5% of your total you would now be down 40% for the year, leaving less than $3,000 in your account.
David
Try this approach,http://http://forums.babypips.com/free-forex-trading-systems/1487-between-40-100-pips-per-day-6.html#post6433, I think you’ll find more success and less risk.
please can you help me i don’t know what’s IB and OB are ?
even though i’ve read it more than once can you give some example
[QUOTE=abman4444;11093]please can you help me i don’t know what’s IB and OB are ?
even though i’ve read it more than once can you give some example[/QUOTE]
An IB or inside bar occurs when a bar closes and the entire range of the price was less than the preceding bar.
An OB or outside bar (also known as an engulfing candle) is when a bar closes and its entire range of price excedd both the high and low of the preceding candle.
See the attached charts.
David
thnaks alot you were very helpfull