Re: Simple Combined Breakout System for EUR/USD and GBP/USD with great results
Hi
I revamped the Hans System and made an advanced version.Several changes were made including changing the opening ranges.
I introdiced the OILFXPRO proportional stop loss which moves with the price and It locks in proprtionate profit.
Pips for entry of 5 pips has been changed to as much as 20 pips to entry.Profit tagets have been changed
Several filters are added to the new version and a profit manager which takes profit automatically based on profitable positions.Positions were not closed at end of day
It is a complex new system .The system still needs improvements on how to keep out of a ranging market
The results are an encouraging 9500 pips from july 1 2004 to 8 th october 2007.The drawdown was 2300 pips .These are backtests.I have previously found my backtests to be reliable except they can not cater for spread widening by brokers and requotes
There is room for improvements on reducing the drawdown
OILFXPRO
