the goji system, for lack of a better name

[gojilover]

i have been having very good success with a very simple system. in the system i use the following:

5 min. chart

10 ema

candlesticks

usd/chf

tp = 50, move stop to break even at + 25, follow with 10 stop to 50
s/l = 25

two -25s and you quit for the day, hitting +50 in any combination and you quit for the day.

strategy; with a close above 10 ema, place a buy stop at the nearest 5 or 10 above the high of the closing candle. if the high was 1-2-3-4, set buy stop at 5; 5-6-7-8-9, set buy stop at 10; set 50 tp, 25 s/l and work your trade.

use the opposite of the above for a short trade.

keep your buy/sell stop open until you get hit. if you do not get hit and price reverses above/below the 10 ema, close the trade and redo all of the above in the opposite direction.

[gojilover]

Two Trades:


Long - 8:55 Est At 1.3335, Reached High Of 1.3371
S/l Moved To Be At 1.3360
Profit Taken At 1.3361, Using Trail Stop Of 10

Tp = + 26


Short - 10:35 Est At 1.3375
Be At 1.3350
Profit Taken At 1.3325

Tp = + 50

Tp For Friday = + 76

[BrianDuffer]

Not sure about something.

Your rules say quit at +50 but you make more than that.

Please explain the reason you didn't exit when at +50.

[gojilover]

hi brian,

there are two trades listed. in the first i got stopped out for a 26 pip profit. i then went to my second trade of the day and took the 50 pip profit.

total profit for the day, 76 pips, 26+50.

[gojilover]

hi all,

mon. oct. 6th, trades:

this has been good for me. that is writing out my rules. naturally, i forgot something. i will not allow a winning trade to turn bad, thus my +25, and move to break even, BE rule. i do move to break even sooner and today was a good example of that. once a trade is positive by 10 or more, i do start shortening the stop/loss, not to BE right away, but i do start shortening. i try to shorten my losses as much as possible as i know i am not far from another trade. they come around often, most days.

also, i only trade between 8:00 am until 11:00 am est. my 4 trades today were:

10 - 25 and back to 10, = 0
00 - 80 and back to 0, = 0
05 - 29 and back to 05, = 0

and finally:

20 - 70 just before 11:00, started at 10:35 actually, est gave me my 50 pips

since inception, oct.3rd, +126 pips

gojilover

[gojilover]

hi all,

results, tues. oct. 7th, '08

enter, short 1.1400
exit, 1.1406, re-cross of 10 ema, -6

enter, short 1.1385
exit, 1.1381 re-cross of 10 ema +4

enter, long 1.1385
exit, 1.1385 do not allow winner to turn into a loser

enter, long 1.1385
exit 1.1430 exit at 11:15 because i wantd to quit, with profit for
day

profit for day, +43
since inception, +169

[gojilover]

hi all,


two trades today. the first was entered at 56, we were closed out at 31 for a negative 25 pips

the secnd we should have gone short at 27, price moved down but not enough and came back to our break even of 27.

thus, -25, for the day.

[gojilover]

hi all,


two trades today. the first was entered at 56, we were closed out at 31 for a negative 25 pips

the secnd we should have gone short at 27, price moved down but not enough and came back to our break even of 27.

thus, -25, for the day and + 142 since inception.

[gojilover]

hi all,


this completes my first week of writing about my strategy. during that time i have generated +162 pips. i have enjoyed documenting my trades for the week but will probably stop tomorrow. i am not sure sure why i have not received any feed back, positive or negative. my trades have been real and i can not believe that there is anything wrong with a +162 pip week.

anyway, here are today's results. there were three trades.

1. short at 85 to 78, back to 85, and i closed it for no profit
2. long at 00 to well above 11, but price turned around and closed below 10 ema. +11
3. long at 15 to well above 24, but price turned around and closed below 10 ema. +9

4. total for the day, +20 pips
5. total for the week, plus last friday, +162

[ravel96]

Keep recording your pip totals. This is a nice simple strategy and if it works out in the long run, and on other pairs as well, then I'm sure there will be those who wish to use it.