Recap over the MaTRiX scalping strategy over the previous week:
The people in the group know that I am very much in favour to use the MaTRiX scalping strategy on the BUND (FGBL) a financial instrument where the data is provided by WHC broker.
The reason why is because of the lower evergae daily range and the controled way of moving. Lets just say because of its market dynamics.
Many people are convinsed that the BUND is indeed a great index to trade when they count the winning tradesd at the end of the day but find this FGBL a problem because their broker doesn't give the possibility to trade this financial instrument. Because they have a 100% forex broker.
But this week we came to an interesting conclusion that the MaTRiX scalping system works best on instruments with low average daily ranges.
So pairs like the euro can not be traded at this moment because of avg. daily ranges of +/- 150pips.
Someone in the room (swizzguy) attended to me that maybe the eur/gbp woulod be a good candidate to trade.
After studing that pair I saw indeed that it is a very good pair to trade it with the MaTRiX scalping system.
Important is that one can only trade this pair when you have ONLY 2pairs spread or lower (like oanda--1pip).
As you can see on the results that swizzguy made (printscreens posted 3 postings higher) he made a beautifull profit on that eur/gbp.
Bellow you see a printscreen of the setup of the MaTRiX on friday on the eur/gbp.
Each of the trading signals traded according the "rules" was a winning trade.
I know it can sound impossible for some of you but if you count the arrows that means that there were 21 winning trades 0 loosing trades!
So very nice prospects to look forworth to...
To be continued...iGoR
Last edited by iGoR; 04-06-2008 at 12:00 PM.
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