Time for an overhaul of this page and some updates.
Out of the 5 strategies I originally created back in August/September 2009 only 1 has managed to keep producing very solid gains. There was another one doing very well right up to June when it went into meltdown and hasn’t recovered yet.
I am offering the most profitable setting for 15 GBP and for this you get full results and access to the other 4 settings should you wish to monitor their progress. I think this is a reasonable offer considering the most profitable setting has produced the gains over just shy of 12 months of live testing. It is based on GBPUSD and operates from 0600-0800 London time. Risk:reward is 1:1.
If anyone is interested please email me at admin@dubaitraderblog.com
I’ve had a few people ask me about the FTSE Future trades so I’ll post the settings here. The symbol for iqfeed is LF#. If you want live data, it’s an extra $27 a month from iqfeed, otherwise it’s delayed 15 minutes making it impossible to trade the PTPs live but fine to evualute the performance at the end of the day.
PTP:8
Filter low volume PTPs. Show Supers.
Trades between 7:59am-1:00pm.
Stop:100% of 1 bar.
Scalp: 20 pips
Entry: 50% extension of 1 bar applied to High/Low.
Exact same rules as the GBPUSD trades, max stop 35 pips. Stop after 1 win, if a loss, take next trade; if a win, one more trade. If a loss, stop for the day.
Update: It seems May might have been a flash in the pan as June recorded a loss of around 30-35 pips. Not exactly end of the world stuff but would have liked to have seen a gain. Will monitor for another month and see how it goes.