The results for this system are as follows

August 2006 46 pips
september 2006 432 pips
october 2006 439 pips
november 2006 518 pips
December 2006 583 pips
January 2007 283 pips
February 2007 385 pips
TOTAL...............2,686 PIPS

MONTHLY AVERAGE 386 PIPS or 4632 per annum

MAXIMUM DRAWDOWN AUGUST 2006 270 PIPS(STILL PROFITABLE MONTH)

August 2006 was a very bad month for trading but this system did not lose money.It made a profit.


This system performed consistently in low volatility periods of 120 pips
august 0.013243478
september 0.012304762
october 0.011645455
november 0.011936364
december 0.013865
january 0.013454545
february 0.01212
average 0.012652801

The system is posted at



El Cid

__________________
developer of professional quality expert advisors for fully automated trading

Determine the 09.00 CET – 10.00 CET High Low GBP/USD

Set BuyStop at High + 5 pips and SellStop at Low - 5 pips

Set Target Price at entry 70 pips for GBP/USD

Set StopLoss at entry - 45 pips for GBP/USD. If the other side of the breakout is within 45 pips for GBP/USD then the StopLoss will be that level (Longtrade: SL = Low range - 5 pips = SellStop; Shorttrade: SL = High range + 5 pips = BuyStop)

Minimum channel and stop loss.If the 9 to 10 am channel is less than 35 pips,use a minimum channel of 35 pips for the first entry.The first entry has to be either 35 pips higher from low or 35 pips lower from high of 9 to 10 am bar

Move the SL to breakeven after a gain of 40 pips for GBP/USD

If a certain position is taken and price turns agains you and it breaks the other side of the breakout channel then turn. If the breakout channel is broader then the stoploss first the stoploss will be hit. If the breakout channel is narrower then the stoploss then hitting the other side means that you have to turn your position. No new trades can be added after 17.00 C E T.Use discretion and other t/a based exits.

If one exits a position then the next position has to be in the opposite direction...........there is no rentry allowed until after a position is taken in the opposite direction.



At 18.00 CET all orders expiring and close all trades at market. On Friday we do the same at 18.00 CET.Always wait for the close of a bar to exit major moves and end of day exits.


Exits:Profitable trades:If target price is met or earlier When 3 wma crosses 6 wma on 30 m charts against the direction of the trade..If order is in profit and MA crosses in the opposite direction of the trade, then close the order..........................AFTER 2* 30 M BARS OF MA CROSS.............PROVIDED IT REMAINS CROSSED.Also discretionary exit at 1 st resistance /support on pivots if price action warrants.

Non profitable trades:If order is NOT in profit and MA crosses in the opposite direction of the trade, then close the order..........................AFTER 2* 30 M BARS OF MA CROSS.............PROVIDED IT REMAINS CROSSED?

Morning range:If the range on the 8.00 tp 9 am bar is greater than 50
pips do not trade that day.

Download pivot indicator from
http://f0rex.free.fr/metatrader/mt4-indicators/


This link displays the time in every major city in the world: www.qlock.com.

__________________
developer of professional quality expert advisors for fully automated trading

Nice to see you here....

Thanks El Cid for posting this great system. This clearly show your experience, I like the clarity of your explanation and the symplicity of it.

Do you apply this manually every day ?

Power is nothing without control.
At the core of the passion,
A legend is breathing ... Ferrari ... V12

Could you tell us more about your other systems like the pip builder?

I have been trading it on and off .................but this week I start trading it
religiously

Aegis

I have many other systems I work with.........and I do not post everything on this message board.I also use other message boards where I post the rest of details

The maximum drawdown was 270 pips

Maybe in the future I will repeat the other systems on this message board.

El cid

__________________
developer of professional quality expert advisors for fully automated trading

This is HANS123?

Exist EA for this system.

__________________
RUN With The BULLS And HUNT With The BEARS - Nothing By Chance

This is not Hans.This is different oilfxpro

Mixing gold with copper

El cid

__________________
developer of professional quality expert advisors for fully automated trading

Thanks for the system


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Forex Indicators Collection

well you could of fooled me, I followed the Hans123 thread for over a year and even your times and profit levels are the same.

Have a nice day