I’ve seen some systems similar to this one: Small Take Profit, No Stop Loss. It can have great results if you put them in a right moment (even make you rich), but in a bad day, it could blow away your account.
Anyway, my advice if you want to use a system like this and really believe it’s a holy grail.
- Backtest it with at least 5 years of historial data, and see if it overcomes extreme market conditions.
- Test it in more currency pairs, your backtest is in EURUSD and USDCHF which are practically mirror pairs.
- Good luck! and feel welcome to share the system or a live result feed in a service like Myfxbook.
As a developer, I’m also searching for a holy grail that makes money while I lay at the beach, but no luck so far
Maybe the 5% that make money are really good traders that don’t have a holy grail system, but instead are good fundamental and technical market analysts that adapt their strategy in each moment and use strict money management and constantly monitor their entries.