to discuss this strategy, just head to the post on Forex-factory
everyone knows “DONT Trade if you bored”
well, I did it anyway and blow away ALOT of $$ in the process.
if you are like me and can’t control yourself .. better stop trading
or do this below:
it’s basically a way to let you “chase trades”
based on Beauty rather than difficult analytics … (yes I meant Beauty because the strategy works best and only on a clear structure)
perfect for quiet markets (personally I make the best results in the Asian session as there are less news and levels are better respected)
look at this screen below and tell me if you would have taken this trade-off the 1H chart:
I would not
so the first part of this strategy is to zoom in/out so far until the chart does look “nice”
where “nice” means where you can clearly see the steps a typical trend does “HH-HL-HH” or “LH-LL-LH”
like this (same time as above, just on M3)
Indicators needed: None
Tools Needed: Fibonacci extension tool with the values: 0, -5, 38, 83
find the trend-sequence appearing “CLEARLY“(this is VERY VERY important!!! .. if there is consolidation in the way .. drop it .. wait for next setup.)
3 things can happen:
I tested this with 152 trades with a 56% Win Ratio.
let me know what you guys think of that.
Here quick Video about the re-positioning
after the third “crash” we decided to terminate this test for the time beeing and re-start it later with a different set.
the main mission was accomplished, as the machine did create an initial gain of 321%.
however, the chance of a total loss is simply too great.
the EA would be able to maintain just like UB-Noise does, but it would need 4 times the funds to do so, and this would make it far less profitable in percentage terms.
please stay tuned, we will start a new Category once the tests have been completed in a few weeks.
meanwhile, we will use the VPS Slot to trade another instance of UB-Noise on CADCHF with an extremely low turnaround, as the funds on that account are not intended to be traded at all.
Yesterday the UB-Noise Test on the Russel2000 index (US2000) did finally come to the point where all trades were closed due to Margin-Calls.
This was expected to happen, the mission on this test was not to keep it alive, but to find out how much money it can make until it does happen.
Here is the summary:
With the account at 3.39$ now, we made a total profit of 5003.39$ in arround 7 Weeks. Which is 50.03% total gain.
Today we will re-deposit 10.000$ and start the test again for a 2nd round.
Starting September 21. GBPAUD startet to massively Rise .. with no pullback at all.Friday there
this caused a 58% Drawdown.
We Turned off AutoTrade, Placed a Short Order at the Peak of 3 Lots and waited it out.
at price then finally falled we experiences a 715$ Equity Raise, closed all trades and continue AutoTrade.
Total Gain as of then: +41.94%
that was a “close one”
the Drawdown caused however a Margin call on the Demo account that is used to Mirror the trades to the cTrader Network
i have not checked this account for a very long time … so i also placed a additionsl short order there to pay for the margin calls, which turned out just fine. here is a extra post about the Mirror-account.