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Old 04-10-2007, 08:35 PM
Flytox Flytox is offline
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Join Date: Feb 2007
Posts: 175
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Holidays in France, tookto study sevral strategies.
I found, may be everybody seen it, an adaptation of this method to reduce risk for those who don't have 5 billions $ margin (like me).
Chart: M5 only.
1: Scroll back to check the trend in M30 and H1 (bullish bearish go with the trend).
2: Enter short (2Lots or 2mini) if H1 M30 and M15 (edit: M15 is not becessary) is red and M5, coming from blue; just TURNED red (2dots and wait for the close).
3: Put a stop on the previous high (+spread), it will rarely be higher than 10 pips because we just leave a consolidating phase. If the high is too high use the close.
4: put a TP for one lot of the amont of your SL.
5: Your TP is hit (often): TRAIL a Sl of the same amount for the second lot.
What is the (i don't know the word) of this adaptation:
1: you can catch big moves with your second lot, at a cheaper price (tight SL).
2: You will increase your entry signals because it's 5tf, always at cheaper price , it means that if you loose four, five, times in the row, you will catch a big move and see your money back with profit.

EDIT: Do the inverse if going long.

Now where to exit the second lot : Wait for the first opposit dot on M30 (edit, or the third on M15). Stay calm, you already pay your loss with the first lot, and you're trailing the second one .
I call this system THE FLY ASHI

Make an EA for it or backtest it manualy you'll see it may be profitable.
The fly.

Last edited by Flytox; 04-10-2007 at 09:27 PM.