3 Little Pigs Trading System

Nice grab there!

Yeah I agree. Bro I think you must first trade Forex pairs only instead of Gold, Oil etc to see how good or bad this system is. In case of commodities the spread is too much I guess!

I am also long on EURJPY at 131.43 and my SL is 130.63 and TP is 132.23

[U]Current New and Existing Trades:[/U]

My USDCHF short trade of 22 July is still open and in +10 pips profit.
My AUDUSD trade of 23 July is open and in -25 Pips Loss.
My EURJPY trade of 23 July is open and in +12 pips profit.

I am leaving all three trades open for now.

Thanks for the trade upgrades and I guess that’s a great thing about forums - We get those that like to try other instruments chipping in too - Appreciate updates on all instruments :slight_smile:

USDJPY Long from 9947 (17 Jul 16:00) stopped at 9920 (23 Jul 0:00) for -27

i am trading OIL from 1 year and now preparing for GOLD…spreads are high but movement is also high…thanks…

i have opened long position for USDJPY at 12:00 23rd july…price is 100.13…SL 99.60 and TP is 100.74

New Trade
EURGBP Long from 8626 (24 Jul 8:00) stop 8604 (8612 -33/4)

Almost same
EURGBP Long from 86155 (24 Jul 4:00), TP 86248 hit at 5:53 ==>+9p
EURGBP Long from 86295 (24 Jul 8:00), Sl = 86014 , TP = 86546, still open.

Nicolas,
Were you able to implement the changes and test the EA again?

New Trade
USDJPY Long from 10011 (24 Jul 8:00) stop 9964 (9990 - 105/4)

What it means should we buy or sell ?

I was able to implement the change but no test so far.
I’ll try this weekend

Ok good. GL

[B]Current Status…[/B]

[U]Closed Trades:[/U]

My EURJPY Long trade hit TP and I got +79 Pips.
My AUDNZD Short trade hit TP and I got +43 Pips

[U]Previous Open Trades:[/U]

MY USDCHF Short is still open but its in negative right now (-12 Pips)
MY AUDUSD Short is still open and is in little profit (+12 Pips)

[U]New Trades :[/U]

EURGBP Long from 0.8616
EURUSD Long from 1.3196

Hi Kashif314,
Just wondered what criteria you use to set your target?

I set my Take Profit target to just close of a previous Low or High on the 4 hour chart. If a previous low or high is too close than I look back to see another low or high and set my TP to that point as it is evident that the price has touched that level in very near past so the odds are high that it may test that level again. I maybe wrong but so far this method is working for this system. Only two of my trades went bad and all others hit the TP. The reason I am not using a trailing stop is that there is much volatility now a days and a 20 or 30 pips retracement is always possible so that is why I just set a TP and let the trade go once I have confirmation that the trend is still intact.

Yesterday’s 8:00 EURGBP at 8626 nearly got stopped, but the 16:00 MA was 8607.8 less trailing stop of 8 was just below low of 8601.

EURGBP from 8626 (24 Jul 8:00) stopped at 8604 for -22
New Trade
EURGBP from 8622 (25 Jul 8:00) stop at 8598, 8 behind MA of 8606

Hi Phil what platform/broker do you use?

I use GXFX for charts and IG for trades.