Simple Combined Breakout System for EUR/USD and GBP/USD

[jgerousis]

Originally Posted by fxtrendline

I think it will be better if you combine with other oroven system

Sure, this is why I never traded it alone. I combined it with other 5 systems: 1. SIBKIS, 2. FOZZY, 3. Daily20pips, 4. LondonWhisper, 5. Forex Killer,

At no time I was losing, even when the system had its largest drawdown of 1600 pip, because other systems would make up for that.

Currently I am +3000 pips up. I know this is not a big number, but for the security you have and low-low risk, it is a nice result.

[oilfxpro]

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

[chiedozie]

Hi every one I am a newbie, how do I get the best out of this forum

[FerruFx]

The "search" feature is your friend.

Patience and a lot of reading and you will loose ... your newbie statut!

FerruFx