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I fully appreciate the saying "Trend is your friend". As a result, every week, I try to know if there is any change in the main trend, intermediate, and minor trends.

I pay attention to price action with very little indicators. I use Fibo levels and trendlines to consider supports and resistances. I try to pick the most likely direction of the move given recent price action and price levels.

My system is 100% Technical based, but most of all trading decisions are taken and executed manually.

My objectives:-
- Capital preservation in the first priority.
- Expected profit target per month is 5% to 10%.
- Aim to keep Zero Draw-Down month on month basis.

Mayafx strategy

  Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2011 +0.6% +1.3% -3% +2.1% +0.8% -2%       -
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function drawChartD() { data.addColumn('date', 'Date'); data.addColumn('number', '$'); data.addColumn('string', 'title1'); data.addColumn('string', 'text1'); data.addRows([[new Date(, ,), , undefined, undefined]]); chart.draw(data, {displayAnnotations:true,allValuesSuffix:' $'}); }
Pips $
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Strategy Name Mayafx
Date Started 2011-01-17
Number of weeks 40
Max concurrent lots 2
Max drawdown for 1 lot 300 (pips)
Min account amount $ 20000
Max drawdown for full amount 50 % OK
Pips $
Total +34 pips -$2.14
Total profitability -0.01 %
Trades 99
Profitable Trades 53
Loss Trades 46
Win ratio 53 %
Maximum account level +438 pips +$20492.68
Minimum account level -331 pips +$19541.01
Max loss -769 pips -$951.67
Max loss (%) 4.70%
since 2011-03-04 to 2011-04-02
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