This isn’t really a trading journal, more like a bit of fun. I’m a big fan of grids and averaging based on price movement only; I use no indicators at all. I’m always developing new ideas to add to and improve my current system. This week I thought i’d go out on a limb with a test and share my success or failure with the forum via a newly opened account posted on myfxbook.
The strategy is based on bombarding the current price with a large number of small orders either side of it, hoping that a ranging market will create an equity increase (provided that a sudden trend doesn’t wipe me out). The initial account balance is 1000 with a leverage of 1000-1. I’m using GBPUSD.
This is a rocket-fuelled version of one of my actual systems and is hugely risky so please don’t try to use it because, unless you have some experience with grids and averaging it’ll blow your account … it’s just for fun.