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That’s a mid-term and mid-risky trading system. The positions on 5 currency pairs can be open at the same time. Usually positions are opened with 1 or 2 lots. The recommended account amount is $7000. The system is trend with range trading mainly based on Fibs, but not lines or channels. Usually the signals are given between 0:00 to 15:00 GMT. Totally 3-5 signals are given throughout the week, both market and pending orders. If indicators show that the price can possibly go against the prediction at first, 2 pending orders are set. 2 signals are always given on one currency pair – either 2 pending orders or a pending order and market one. The fundamentals aren’t used at all – the trading system is 100% technical.

The MQL4 indicator was created specially for MT4. It analyses the situation on the market with the use of Stochastic, MACD, МА and then using the history of quotes finds the places with the same condition of indicators. The indicator takes the trend moving from the past, compare it with the real situation and forecasts the possible market fluctation in the future. Elliot wave analysis is made as well with the help of similar indicator.

The signals don’t depend on news and are given as the predictions, that the price will reach the certain level soon. In addition a pending order is set in the same direction, but at better price. The stop-loss is 100-300 pips from the second level. For example: buy EUR/JPY 135.82 double buy 134.70 stop-loss 133.00 take-profit 137.90.

Positions can be hold from several hour to 2 weeks. The indicators described above are used on M5, M15, M30, H1, H4 timeframes. Usually the positions are closed by take-profit or stop-loss. When the indicator shows the trend turn in the opposite side, positions can be closed at market price. Every position is opened with 1.5% of the deposit, because if the second pending order opens the sum is 3% for one currency pair. The signals can be used by every trader, they don’t need constant monitoring, because the positions are usually closed by take-profit.

Double_Strike - Forex trading system

Pips $
Get access to forex trading strategy
Strategy Name Double_Strike
Date Started 2009-08-24
Number of weeks 21
Max concurrent lots 7
Max drawdown for 1 lot 300 (pips)
Min account amount $ 7000
Max drawdown for full amount 30 % 47.4%
Trading currencies EUR/USD, USD/JPY, GBP/USD, USD/CHF, EUR/CHF, AUD/USD, USD/CAD, NZD/USD, EUR/JPY, GBP/JPY, CHF/JPY, NZD/JPY, AUD/JPY, EUR/AUD, CAD/JPY
Pips $
Total -2162 pips -$2082.7
Total profitability -29.75 %
Trades 109
Profitable Trades 53
Loss Trades 56
Win ratio 48 %
Maximum account level +1136 pips +$8242.24
Minimum account level -2162 pips +$4917.3
Max loss -3298 pips -$3324.94
Max loss (%) 47.40%
since 2009-09-25 to 2010-01-16
Pips $ %
2010-01-11 - 2010-01-15 -444 -$468.4 -6.69%
2010-01-04 - 2010-01-08 +272 +$272 +3.88%
2009-12-28 - 2010-01-01 -70 -$74.1 -1.05%
2009-12-21 - 2009-12-25 -160 -$152 -2.17%
2009-12-14 - 2009-12-18 -299 -$284.05 -4.05%
2009-12-07 - 2009-12-11 -436 -$436 -6.22%
2009-11-30 - 2009-12-04 -228 -$228 -3.25%
2009-11-23 - 2009-11-27 +426 +$426 +6.08%
2009-11-16 - 2009-11-20 -196 -$175.36 -2.5%
2009-11-09 - 2009-11-13 -332 -$314.07 -4.48%
2009-11-02 - 2009-11-06 -49 -$49 -0.7%
2009-10-26 - 2009-10-30 +183 +$207.73 +2.96%
2009-10-19 - 2009-10-23 -325 -$325 -4.64%
2009-10-12 - 2009-10-16 -780 -$809.12 -11.55%
2009-10-05 - 2009-10-09 -798 -$790.53 -11.29%
2009-09-28 - 2009-10-02 +108 +$61.96 +0.88%
2009-09-21 - 2009-09-25 +454 +$434.32 +6.2%
2009-09-14 - 2009-09-18 +735 +$803.82 +11.48%
2009-09-07 - 2009-09-11 -1141 -$1131.24 -16.16%
2009-08-31 - 2009-09-04 +879 +$883.65 +12.62%
2009-08-24 - 2009-08-28 +39 +$64.69 +0.92%
 
 
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