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I am a trend follower of GBP/JPY. I only use a custom indicator on a daily chart of GBP/JPY. At the opening of the daily candle, I enter a trade for buy when I see a blue dot and sell when I see an orange dot. My take profit ranges from 200-250 pips daily each on 4 lots and my stop loss is 150 pips. Trading Strategy I open 1st lot for GBP/JPY for a take profit of 200-250 pips with 150 pips stop loss. I open 2nd lot for GBP/JPY for a take profit of 200-250 pips with 150 pips stop loss. I open 3rd lot for GBP/JPY for a take profit of 200-250 pips with 150 pips stop loss. I open 4th lot for GBP/JPY for a take profit of 200-250 pips with 150 pips stop loss. I monitor my trades until I am able to close it profitably. I employ good money management strategies. In other words. No gross loss for the week. Will always cash out every week with profit as you will see. Happy trading!

800pipsdaily - Forex Trading Strategy

Pips $ %
2009-05-11 - 2009-05-15 -2362 -$2451.24 -49.02
2009-05-04 - 2009-05-08 +201 +$195 +3.9
2009-04-27 - 2009-05-01 +725 +$725.91 +14.51
Strategy Name 800pipsdaily
 Max concurrent lots4
 Max drawdown for 1 lot150 (pips)159 (2009-04-29)
 Min account amount$ 5000
Max drawdown for full amount15 %61.1%
Trading currenciesGBP/JPY
All Time Last 4 Weeks
 Pips  $
 Date Started2009-05-04
 Number of weeks3
Total-1436 pips-$1530.33
Total profitability-30.61%
Avg. per week-478 pips-$510.1
Avg. Weekly profitability-10.2%
Trades32
Profitable Trades9
Loss Trades23
Win ratio28 %
Maximum account level+1526 pips+$6526.91
Minimum account level-1436 pips+$3469.67
Max loss-2962 pips-$3057.24
Max loss (%)61.10%
since 2009-05-06 to 2009-05-16
 
 
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