Boring...never! — Hi Xaron, Thanks for sharing your strategy, BUT: A winning strategy is never boring to me! Good trading! BC

1 pip per day (at least)

Successful Martingale Application? — I can only think of one instance where doubling up after a loss is a successfull strategy in the long term. Say for example you are using a breakout strategy whereby you place a straddle trade both above ...

anybody using martingale system with success??

Why a losing trade? — Hi Scorpion, There's your problem...you didn't allow for the broker spread on the long pending order. Here's Cain's quote from post #9. "The orders are placed 10 pips plus the spread on longs, and just 10 pips on shorts." ...

GbpUsd 5 min breakout

Whoops, I forgot to add that my SL is based on 90% (not 100%) of the box (including buffer). The reason I use 90% is that on Oanda I can place both pending orders on the same chart account. This way if the 1st trade loses, it doesn't trigger the ...

GbpUsd 5 min breakout

Holidays — Hi Cain, How will you treat the holidays with respect to your strategy? It seems many institutional traders go on vacation after the end of this week, and the volume and volatility drop off until after the first of the new year. I ...

GbpUsd 5 min breakout

Box size — Hi bags1, Looks like you've got it. I have 82 pips on FXDD, and 83 pips on Oanda.

GbpUsd 5 min breakout

Update — Thanks for the clarification, Cain. I'm glad I got that right! BTW, I manually backtested a variation of the SL set to the opposite side of the box without the buffer. I tested back to August 1, 2009. The net results were virtually ...

GbpUsd 5 min breakout

Clarification (I hope) — I hope this helps... When I aligned my FXDD chart with your Alpari chart, it appears that your box begins with the Frankfurt open at 0600 GMT which is 1 hour before the London open at 0700 GMT. Is this what you ...

GbpUsd 5 min breakout

Time again — Also, This box strategy begins with the hour preceding the London Open...the Frankfurt market open if you will? The box extends for 15 minutes? I aligned my FXDD chart to match your Alpari chart...so I hope I have this correct.

GbpUsd 5 min breakout

Does SL include the buffer? — Hi Cain, Thanks for sharing your strategy with us. You stated that you place your Stop Loss at the opposite side of the box. Do you include the buffer in that SL? For example, say your box low is ...

GbpUsd 5 min breakout

Gators Breakout Strategy — Hi ufgators, I guess you are a "Gators" fan, then! Good detective work, huh? My moniker should be uihawkeyes! Are you referring to your Daily Inside Breakout Strategy? If not, please share. You can PM me if ...

0400-0700 GMT Breakout Strategy

Results — Hi gregart, The largest price movements for Cable occur on Thursdays (well-documented). I would think adding Thursdays to your trade-only Monday's strategy may be beneficial. What is your SL? How long have you been using the 3 TP's? ...

0400-0700 GMT Breakout Strategy

Next entry — Hi Eduardo, Waiting for the next entry is a lot like watching corn grow! lol Price has eroded to the 0.9138 level. Would you consider a long entry at 0.9150? Thanks, BC

The Really Really Boring Forex System

Broker woes — NM. Hmmm... In addition, I also have a live trading account with FXDD. I can place my Entry, SL and TP levels all simultaneously. But I do have to submit a TS after the order has been accepted. I consider all the manipulations ...

Trend Trading All Pairs

I am a bit confused about your statement. I trade principally with Oanda, and I can intitially place Entry, SL, TP and Trailing Stop positions all simultaneously. BTW, although Oanda has very rudimentary charts (which work ok with your strategy) ...

Trend Trading All Pairs

Hectortrader — NM, Thanks for providing the link to Hector's web site. Out of curiosity, did you take his course or did you simply use that 1st Chapter as a foundation for your trading strategy? Thanks, BC

Trend Trading All Pairs

Patiently waiting...waiting...waiting — Eduardo, I am patiently waiting...waiting...waiting

The Really Really Boring Forex System

ZZ deleted — Ok, Indy...thanks for the update.

0400-0700 GMT Breakout Strategy

Indy, Great thinking to implement the zz on a 1 min chart in order to forego the need of a buffer...another good arrow in the quiver! Thanks!

0400-0700 GMT Breakout Strategy

Zigzag clarity — Thanks, Indy. So...when the price is trending strongly at the extremity of the box at 07:15 GMT, and the trend direction is in agreement with the slopes, you wait for a swing point (low in this example). That would mean a ...

0400-0700 GMT Breakout Strategy