By rules, your first entry should be buy. by the way i like this name "probability game strategy" and i changed the title of strategy in my first post.

The Compounding System

So from now on, i will add LO screenshots also on daily basis LO; September 03, 2014: 7th successful day for this compounding system. As per rules, M5 candle close at 1.31321 so - Opened Long position at 1.31321 with 0.1 - Our TP hit at 1.31421 ...

The Compounding System

I agree you with this that this is probability game theory or you can say strategy and i derived this because my background is mathematics and computer

The Compounding System

LO hit the TP on first trade. I am not posting charts for LO but i will post chart for NY open trade.

The Compounding System

How is your testing going?

Rooi's Journal - Rooi's Trading

September 02, 2014: 6th successful day for this compounding system. As per rules, M5 candle close at 1.31159 so - Opened Long position at 1.31159 with 0.1 (TP hit at 1.31259) - Our TP(Green line) hit at 1.31259 Take Profit is achieved and there was ...

The Compounding System

September 01, 2014: 5th successful day for this compounding system. As per rules, M5 candle close at 1.31360 so - Opened Long position at 1.31360 with 0.1 (SL hit at 1.31260) - Because SL hit at 1.31260 so open short position at this value with 0.2 ...

The Compounding System

If we compare NY and LO for today then LO is successful because it could hit TP on first trade but on the other side NY first trade is still active and TP is not yet achieved.

The Compounding System

thats why i mentioned that if major news is releasing at NY open then use LO. My job was to share strategy which was in my mind. Now to avoid different scenarios, traders have to be careful. It is not hard and it is very easy to stay away from major ...

The Compounding System

It is SonicR template.

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Yes thats why i mentioned that system is very risky and you need to do selection of broker and account very carefully. Look for ECN account along with very good reputation broker.

The Compounding System

It is all due to low volatility

The Compounding System

Thanks for all that effort. I don't have any problem for backtesting of LO. You can do it and if u want to do it on any other pair then u have to consider the volatility because some pairs don't even have 10 pips ranging phase. That was the only ...

The Compounding System

Thanks for participation. I am still testing with NY open but i am also considering two suggestions and probably we can add it later. First suggestion comes from Mr.MA about using SMA200 to decide about first trade Second suggestion is from rew2k7 ...

The Compounding System

Hi are you sure about Aug 19 LO because on my chart it hits TP in 2nd trade. but we are not using LO

The Compounding System

Yes only NY open and money management is very necessary. I know many traders have small accounts and wasted all money without money management. If we want small loss then there would be small profit. For me i am using , $1000 = 0.01 (i am happy with ...

The Compounding System

I wanted to ask , how was your quick visual backtest for this strategy.

The Compounding System

August 29, 2014: 4th successful day for this compounding system. As per rules, M5 candle close at 1.31895 so - Opened Long position at 1.31895 with 0.1 (SL hit at 1.31795) - Because SL hit at 1.31795 so open short position at this value with 0.2 - ...

The Compounding System

Yes i thought about it and you can add it as filter but i will continue testing in same way as i am doing.

The Compounding System

Yes , thats why i called this system very risky. I am testing this system and if it goes successfully for 30 days then i consider it as good system. Criteria to identify the success of this system is that TP should hit in maximum of 4-5 trades.

The Compounding System