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My strategy is based on indicator of my authorship. I've been working on it for 4 years now. My trading system is based not only on the mathematical calculations but it also actively considers psychological aspect at opening and closing trades which is know-how of my unique system. In my work i learned lots of books and different information about psychology of trading and was impressed by Thomas Demark. I must say that my system is mostly based on his theory. Testings of my system show it's high profitability and stability.
My system is designed for mid-long term trading and depends on the speed of the market moves (sometimes it takes several hours to go 300-400 pips, and sometimes - several days). The probable risk of my system is moderate; I carefully monitor all my trades and control all risks. Setting strict Stop orders is an extra protection from losses.
Since my strategy is mid term in some cases (when market moves in the right direction) it is necessary to open additional positions (or partly close an open trade). In this case I need to trade several lots (but not more then 3 lots). I don’t enter the market with more then one lot, but to make my trades more profitable I need to manage 3 lots.
I prefer to trade with the trend, so I can say that my system is trending. In my trading system I use Fibonacci Retracements. When using them correctly it’s possible to forecast market move for a long period of time. I also use technical analysis, usually don’t trade on news, it can be dangerous to trade on strong and unpredictable market move.
As I already said in my work I use Fibonacci Retracements, technical analysis and also Demarker with weekly parameters optimization to consider all changing market conditions..
My system shows entry end exit points which I compare with positive news and spirit of traders in the market. Only after such analysis I take a decision to open (or close) a position.
To trade smart I use stop and take levels depending on the levels of support or resistance, stop point is set on the level of support or resistance and take point – behind these levels. My money management strategy is simple - I trade with 10% of deposit, sometimes е (if deposit allows) can rise it to 30%.
I usually trade with market orders, give about two signals a day (starting from 8 GMT to 20 GMT. Monitoring 1hour, 4hour and daily graphs gives full picture of market and future perspective of market moves.
My signals are likely for traders who are patient enough and can wait for a profit for even several days.

Strategy

  Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2009 -0.7% +21.7% -26.6% +6.6%
2010 -9.9%
Get access to forex trading strategy
Pips $
Get access to forex trading strategy
Strategy Name Chelsea
Date Started 2009-06-22
Number of weeks 18
Max concurrent lots 3
Max drawdown for 1 lot 300 (pips)
Min account amount $ 3000
Max drawdown for full amount 50 % OK
Trading currencies EUR/USD, GBP/USD, USD/CHF, AUD/USD
Pips $
Total +30 pips +$29.18
Total profitability +0.97 %
Trades 26
Profitable Trades 20
Loss Trades 6
Win ratio 76 %
Maximum account level +632 pips +$3631.18
Minimum account level -182 pips +$2817.18
Max loss -814 pips -$814
Max loss (%) 27.10%
since 2009-08-10 to 2009-08-15
 
 
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