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My trading system will use a combination of technical and fundamental analysis to form trade setups. I will target trades that have a high risk / reward ratio, will never draw down more than 10% of your account, and will limit the number of concurrent lots to 2 (i.e. a 5% drawdown maximum per lot). The first lot will be "at market" the majority of the time and the second will be a limit buy/sell order. Additionally, my system trades in every market (with the market trend or counter it). For most trades, I will communicate the rationale and provide updates. I will make further detailed analysis and charts available on my blog via GF Signals. Use this path for access: www.gfsignals.blogsforex.com. Note that subscribers will only have access to my real time trade management and notification; the blog will be utilized more as an educational tool for my subscribers.

The technical analysis will be a mix of Elliot Wave Theory, Fibonacci (extension, retracement, and time), regression channels, and various other forms of technical patterns. The fundamental analysis will include relevant economic indicators, such as GDP growth, employment rates, consumer and producer price indexes, manufacturing-related reports, sentiment-related reports, et al. A trade will need to meet a mix of these indicators to be considered.

Regarding maximum concurrent lots (as stated above), I will limit the number to two, and often use both for the same trade if the trade's reward warrants the increased risk (i.e. the trade has a higher risk / reward ratio). The second lot will almost always be a limit order in a stronger Fibonacci / support zone. Otherwise, I will use the second lot to diversify into a separate trade.

While the max drawdown indicates 200 pips, I intend to find trades that will minimize a trade's drawdown and again, maximize its risk / reward ratio. Stop losses and limit orders will be determined according to technical indicators and the supporting fundamental analysis. Note that these may shift during a trade as prices and news changes.

I will target from five to ten trades per month with a trade's duration lasting from one day (or less) to four weeks.

Thank you!

Strategy

  Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2011 +7.5% -8.4% -5.8% -
Get access to forex trading strategy
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Pips $
Get access to forex trading strategy
Trial (7 days): $15 Month: $30
Strategy Name ForexSummit
Date Started 2011-04-11
Number of weeks 15
Max concurrent lots 2
Max drawdown for 1 lot 200 (pips)
Min account amount $ 4000
Max drawdown for full amount 50 % 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 -261 pips -$267.93
Total profitability -6.70 %
Trades 35
Profitable Trades 17
Loss Trades 18
Win ratio 48 %
Maximum account level +289 pips +$4301.07
Minimum account level -306 pips +$3706.07
Max loss -595 pips -$595
Max loss (%) 14.80%
since 2011-05-02 to 2011-05-07
 
 
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