I would like to share our trading Forex trading system, which is a concept borrowed from options trading. I was trading options years ago and I am the founder of optionslam.com but I have been addicted to Forex trading for many years now.
It will take a few posts to put together to complete illustrate our trading system. I will give a try to share here. At 10000 miles high, this is what our view is,
1. Our system contains many trades, mix with a battle between Long vs Short. They follow a strict set of rules. (similar to board game with freedom of turns) Our goal is to make sure one side will come out as a winner at certain point. Whichever side wins, we win.
2. MTF charts are used. Bigger time frame chart to evaluate trend/ranging. Smaller time frame chart is used to enter/exit trades. Basic rule is follow big chart, attack small chart.
3. Only a handful indicators are used. Mainly for reference only. Will provide real time examples. No historical data/movement can predict the future.
4. No Stop Loss. Long and short will save each other as long as they all follow same signal system. Key of our system to manipulate trades together based on the outcome of previous trades.
5. Multiple Currency will be used, for hedging and offset losses.
Disclaimer:
There is no guarantee of return for any given periods. With proper management of lot size, the risk is minimized but also return is limited.
Historical results is available but it doesn't mean anything for future.
The straddle concept can be tuned and modified to make better outcome.
Bottom Line:
No pressure, have some fun and make some profit.
It will take a few posts to put together to complete illustrate our trading system. I will give a try to share here. At 10000 miles high, this is what our view is,
1. Our system contains many trades, mix with a battle between Long vs Short. They follow a strict set of rules. (similar to board game with freedom of turns) Our goal is to make sure one side will come out as a winner at certain point. Whichever side wins, we win.
2. MTF charts are used. Bigger time frame chart to evaluate trend/ranging. Smaller time frame chart is used to enter/exit trades. Basic rule is follow big chart, attack small chart.
3. Only a handful indicators are used. Mainly for reference only. Will provide real time examples. No historical data/movement can predict the future.
4. No Stop Loss. Long and short will save each other as long as they all follow same signal system. Key of our system to manipulate trades together based on the outcome of previous trades.
5. Multiple Currency will be used, for hedging and offset losses.
Disclaimer:
There is no guarantee of return for any given periods. With proper management of lot size, the risk is minimized but also return is limited.
Historical results is available but it doesn't mean anything for future.
The straddle concept can be tuned and modified to make better outcome.
Bottom Line:
No pressure, have some fun and make some profit.