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prince-Michael Strategy

1. This strategy uses the 15 minutes or 1 hour time frame for entries when there is an alignment between 4 hours and Daily.

2. When the first trade is into profit you can then scale in by adding more trades to the wining
position.

3. Extra entries are for scalping more profits from the long term entry.

4. Take profit is really flexible for this strategy.But above all make space for spread.For
example if target limit is 1.31980 you may wish to play safe by closing you profit at say
1.31900 or even 1.31850 don't get greedy now.

5. With money management one can trade this strategy with as low as $200 and still grow your account to any level. Extra suggested MM is as follows: 100-----0.03
200-----0.06
300-----0.1
500-----0.2
1000----0.4
2000----0.8
5000----1.0 etc
6. According to your request for explanation on how to use the 3 lot sizes i am allowed to use:
as stated above (3) for scaling in.To enter another trade that is available set while the first
is still running.Hitherto i have been greatly restricted on by lot so i have to wait for a trade
to finish before entering another.i need extra provisions for more profit etc.Summarily,1 lot
for currency "a trade 1", lot 2 for currency "b trade1" or currency "a trade 2" etc.

Strategy

  Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2011 +1.6% +11.2% -5.7% +33.6% +25.5% -22.7%
Get access to forex trading strategy
Pips $
Get access to forex trading strategy
Strategy Name Prince-Michael
Date Started 2011-05-30
Number of weeks 21
Max concurrent lots 3
Max drawdown for 1 lot 300 (pips)
Min account amount $ 3000
Max drawdown for full amount 20 % 72.3%
Trading currencies EUR/USD, USD/JPY, GBP/USD, USD/CHF, EUR/CHF, AUD/USD, NZD/USD, EUR/JPY, GBP/JPY, GBP/CHF
Pips $
Total +270 pips +$664.38
Total profitability +22.15 %
Trades 205
Profitable Trades 160
Loss Trades 45
Win ratio 78 %
Maximum account level +2343 pips +$5833.98
Minimum account level -479 pips +$2495.15
Max loss -2073 pips -$2169.6
Max loss (%) 72.30%
since 2011-09-13 to 2011-10-15
 
 
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