Simple GBPUSD Strategy (No Indicator Needed)

No

between Friday 21pm and Monday 8[B]AM[/B]

Thanks, yes, 8AM of course :slight_smile:

Cheers for that.

However, I must be the dumbest person around as that still doesnt make sense to me really.

Anyone else of just me…sorry.

Ill look again in the morning when my brain works (allegedly)

Results updated in post #3

Hi Melodica,

could you please double check the numbers you posted on thread 3 for the last 2 months? some weekly results are wrong, like week 6/15-6/18 the total is not +213 pips but around -80 pips. also week 6-21/6-25 the total is not -50 but -200 …

are the trades wrong or just the math? i will check all of them so that can figure out more precisely the winning percentage of this strategy.

strategy looks good anyway. Do u use stop orders or limit orders?

thanks for your time

Excuse me
You are true
It was just math mistake.
I edited mistakes.

I myself use money management 5% risk of my account in each trade.
So I do not notice pips.

Hello Melodica,

My results are same as yours except 19.8. I had a double 75 loss that day. First loss - sell stop activated at 8:24AM, SL touched at 9:41AM.
Second loss - buy stop activated 9:41AM, SL touched next day(20.08) at 9:20AM

(Time zone GMT)

Am I doing something wrong ?

At August 19th the sell stop order did not activated.
My sell stop order was 1 pip lower than the lower price.
Maybe it is because of our brokers difference in prices.

Thanks you for your answer but I don’t see how it might happened. I’m trying to upload my screen or contact you by email but I’m not allowed since I have not enough posts. Please send me PM with your contact mail please. Thanks

Ok Jay …;)D;)

Your email address in this forum is private.
Users can not email you.

Thanks. I sent you mail. Please look at SPAM folder if it doesn’t arrive.

can I ask how your results are going on this please?

Ta

Jay

Hi guys.
Since I have been very interested at Melodica system, with the help of some nice people from this forum I created a EA for it.

I found out that 7/8 of the difference between the High and Low is best for the Take Profit but you can change it back if you want.

Hope I helped.

EpoXi
Was lloking forward to the ea, but the file seems to be ïnvalid"or corupte when I download it!? COuld you try uploading again or reziping?

Thank you!

No idea why you are getting this error.
Any way I uploaded also to MEGAUPLOAD:

megaupload.com/?d=9E58S15I

Hi Melodica

Following this with great interest.

How long ago did you come up with this idea?

Also what is the reason you pick the high and lows between 9pm and 8am the next day - ie why specifically these times?

Cheers

Jay

Ok still having stupid moment

are you saying we wait for a certain price to hit then move the stop loss? or have more than 2 orders open?

Sorry :frowning:

I use this system for about 2 months.
9pm and 8am are the times when London is asleep.

I now you obviously want to get as many pips out per trade as possible but chances are you get high pip loss should the trade go wrong.

Have you tried lower amounts like 50 TP and 25 SL or 25 TP and 25 SL. I know Its a lesser amount, however, consistancy is surely better overall?

Cheers