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This is an intraday trading strategy with the elements of mid-term trading (some positions and signals can be left for the following day). A position can be held from several hours to 1-2 days. The system is based on technical analysis of the graphs on different currency pairs with the use of self-created indicators. The fundamental analysis is used mainly for avoiding entering the market during some important news releases. Usually the signals for entering the market are given in the end of Asian session or during the European one; and the signals for exiting – in the American one. The average number of the signals per week can vary from 2 to 15. Now the most signals are given on EUR/USD, but the other currency pairs may be used as well.

The positions can’t be opened with more than 10% of the account amount. The system’s aim is to find out the trend direction, wait for a reversal, and after a slight consolidation open a position in the trend direction. The market orders are mainly used. The positions are closed by take-profit or stop-loss and sometimes manually, depending on the situation on the market (if the trend is likely to turn against an opened position, which is profitable at the moment). The stop-loss (usually 40-80 pips) and take-profit (about 100 pips) are always set after opening a position and giving signals.

Alex80 - market signals

  Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2010 -0.7% +3.2% +10.4% +12.6% -7.2% -4.6% (-4%)
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Pips $
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Strategy Name Alex80
Date Started 2010-03-22
Number of weeks 25
Max concurrent lots 1
Max drawdown for 1 lot 150 (pips)
Min account amount $ 2000
Max drawdown for full amount 40 % OK
Trading currencies EUR/USD
Pips $
Total +193 pips +$193
Total profitability +9.65 %
Trades 47
Profitable Trades 25
Loss Trades 22
Win ratio 53 %
Maximum account level +512 pips +$2512
Minimum account level -15 pips +$1985
Max loss -319 pips -$319
Max loss (%) 15.90%
since 2010-07-01 to 2010-09-11
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