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This strategy is based on a combination of medium and short term channels. Using trendlines in the medium and short term I can identify buy and sell opportunities.

100% of trades are market orders

Trading hours:

5 am EST to 4pm EST Monday to Friday (for North American traders)
10am GMT ro 9pm GMT (for European traders)
**European traders must make due diligence to keep up with daylight savings times**

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I trade EUR/USD - GBP/USD - USD/CHF - USD/CAD

Correlation between these currency pairs are also considered for each trade. (Example: if I buy EUR/USD it means that I sold USD against EURO, because of this I will try to also sell US Dollar against other currency pairs that I trade unless the other pair or pairs are moving in a different direction

No trades are kept over night

You can expect an average of 4 trades per day - 20 trades per week

I aim to make between 50 to 200 pips per day

I aim to make money in rising and falling markets

This strategy is based on price action and because of that I am well positioned to gain in both trending and sideways markets

My number one goal is to preserve capital while consistently gaining

The reason for using 4 concurrent lots is to be able to trade the 4 pairs at the same time. The reasoning behind this is that not all pairs perform well on any given day.
I trade 4 pairs simultaneously to be diversified and to be able to take advantage of moves in all 4 currencies. This increases our chances of being profitable and also helps to offset losses that may be incurred in trades that go against us.

This strategy is not a set and forget system. It requires active monitoring of the markets. Our day starts before the European lunch hour and ends at the end of the North American business day.

I have been trading for 4 years

Strategy

  Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2011 +1.2% -2.9%   +1.4% -2%
Get access to forex trading strategy
Pips $
Get access to forex trading strategy
Trial (7 days): $15 Month: $200
Strategy Name ChannelTrader
Date Started 2011-06-27
Number of weeks 17
Max concurrent lots 4
Max drawdown for 1 lot 150 (pips)
Min account amount $ 10000
Max drawdown for full amount 40 % OK
Trading currencies EUR/USD, GBP/USD, USD/CHF, USD/CAD
Pips $
Total +167 pips +$111.57
Total profitability +1.12 %
Trades 262
Profitable Trades 112
Loss Trades 150
Win ratio 42 %
Maximum account level +687 pips +$10599.95
Minimum account level -338 pips +$9523.98
Max loss -1025 pips -$1075.97
Max loss (%) 10.70%
since 2011-07-21 to 2011-08-06
 
 
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