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3 lots are usually opened in case of Forex breakout of the flat in the morning. The target is usually 20-30 pips, depending on the night session channel’s width. If the channel was narrow, the profit is not more than 20, if the channel is wide – 30 pips. As you see, the average is usually 25 pips. 1 and 2 lots are opened throughout the trading day with the target of 30 pips, depending on the Forex resistance level. In case of strong resistance, a trading position is open with 2 lots and with the target of 30 pips, in case of wear resistance – 1 lot and 20-25 pips.

The trading system is based on the combination of standard Forex indicators of MT4 (CCI, MACD, MFI) with my own settings and a pair of indicators, created by myself. The Forex analysis is done on different timeframes – from M5 to D1 in case of my trend-following. The target profit is 100-150 pips weekly or 400-600 monthly.

Barracuda - Forex trading

  Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2009 +13.4% -19.1%
Get access to forex trading strategy
Pips $
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Strategy Name Barracuda
Date Started 2009-11-09
Number of weeks 12
Max concurrent lots 3
Max drawdown for 1 lot 400 (pips)
Min account amount $ 10000
Max drawdown for full amount 45 % OK
Trading currencies EUR/USD, USD/JPY, GBP/USD, USD/CHF, EUR/CHF, AUD/USD, USD/CAD, NZD/USD, EUR/GBP, EUR/JPY, GBP/JPY, CHF/JPY, GBP/CHF, NZD/JPY, AUD/JPY, EUR/AUD, AUD/CAD, CAD/JPY
Pips $
Total -578 pips -$579.18
Total profitability -5.79 %
Trades 36
Profitable Trades 30
Loss Trades 6
Win ratio 83 %
Maximum account level +1732 pips +$11948.92
Minimum account level -578 pips +$9420.82
Max loss -2310 pips -$2528.1
Max loss (%) 25.20%
since 2009-12-16 to 2010-01-02
 
 
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