Over the past year or so I've been attempting to develop a system based entirely on technicals. Vigorous backtesting has shown very impressive results, but we all know how easily that can change when real money is involved.
The system uses a 15 minute chart and only a 15 minute chart. I'll be trading EUR/USD and for now will take trades during any session. If I start to notice more losses than wins during one session, I will drop it.
I've opened a separate account for this with a starting balance of $550 and leverage at 50:1. I will open 2 trades on each position I take. First one will be for 7500 units, the second one will be 2500 units. Once the account balance hits $1000, I will double the units to 15,000 and 5000, and so on until a balance of approx $10,000 is achieved.
The goal is to double the account balance every month..I know it might seem far fetched but as long as I'm coming close to doubling the balance every 30-45 days I'll be more than happy. Lets see how it goes!
The system uses a 15 minute chart and only a 15 minute chart. I'll be trading EUR/USD and for now will take trades during any session. If I start to notice more losses than wins during one session, I will drop it.
I've opened a separate account for this with a starting balance of $550 and leverage at 50:1. I will open 2 trades on each position I take. First one will be for 7500 units, the second one will be 2500 units. Once the account balance hits $1000, I will double the units to 15,000 and 5000, and so on until a balance of approx $10,000 is achieved.
The goal is to double the account balance every month..I know it might seem far fetched but as long as I'm coming close to doubling the balance every 30-45 days I'll be more than happy. Lets see how it goes!