This is still a work in progress
I have often alluded to the only system I know that
has a 100% win rate. it really does.
I don’t like the system, and I’m sure most traders
wouldn’t like it
but after three months of consistent losing, a 100%
winning system does have an appeal.
Its a reversal system where you enter on a clear break of
trendline for a 75% win rate
but only if you have no stop, so the 25% of ‘losers’ null
and void all the winners
but that is only stage one, … you keep the chart open
and wait for the next setup
then, at break of new trendline go in again at x10 the
lot size of the first trade.
you see in the results below a perfect example of this.
AUDJPY lost but more than recouped on the subsequent
so the strategy has a 100% win rate allowing for a
second trade to both recoup and make a good profit into
the entry I have blotted out the results is a
legitimate edit. You don’t trade CHF with this strategy
the results below and the actual chart example well
demonstrate how the strategy is supposed to work.
The strategy has been proven over 20 yrs on Daily,
but trades can drag on for several months, and then
lose, and you then may have to wait weeks or more
for a new setup on that currency
It works but it absolutely isn’t for me
I have adapted the strategy to the H1 which is unproven
as far as I know. even so, one position on H1 has been
open eight days and counting already, most trades close
within one or two days which suits me about right.
some points I am noting. …
I don’t trade everything
If there is contradictory Divergence between time frames I
will sit it out
Also the bias is toward the missed weekly and daily pivots,
and when you see a whole cluster above or below that
is a clear bias, as they will eventually all be hit
but if there are missed pivots above and below how can
you possibly think you have a bias either way?
Also, there are trendlines and trendlines, this can get very
subjective. we really need at least three touches
I am not too euphoric at this stage, this is an up and down
sort of system, you literally go to bed horribly drawndown
only to wake to find TPs were hit during the night
Although I am back to demo trading, I get stressed to
see DD hundreds of dollars … brings back the stress
of the thousands of real dollars I recently lost
so I am scaling right down to take away all stress
This strategy does require a lot of practice, especially
regarding the second setup, there is pressure not
to miss it for fear of not recouping the loss, and
then the danger it might not be fully qualifying
especially regarding the new trendline