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Originally Posted by rsmereka  Three losses... I only had one but it was a biggie at 56 pips on the, normally fairly stable, EURCHF. What currencies acted up on your account last night?
75-80% wins at 3:1...yah, right  I wish we could find an EA like that. Especially one that is stable for more than one month.
I think I have a trading system that comes close. I have been testing it since Feb 11. So far it has produced 22 trades, 15 winners and 7 losers so it has produced 68.18% wins. The standard win is 100 pips and the standard loss is 60 pips so the risk/reward is 1.4:1
although there is also a time limit on each trade and the loss is not always 60 pips. The trading system is not an EA...yet.
Rick |
I was running all four pairs on my fxdd demo account. I still dont have this one on a live account. It took losses on the usdcad and gbpchf as well. Big ouch....
The goal of all manual position trading is the 3:1 risk/reward ratio and 75-80% winners. It requires great analysis and selectivity. These levels can be achieved if your very selective in the trades you open and you hold your winners using a manualy placed trailing stop. I have not achieved this consistantly, I take too many risks, and place too many questionable trades, I still have a few things to learn, but it is possible, others have done it.