GBPCHFbeforework

[NIL5605]

My main aim has been to develop a trading strategy that can be fitted around a full-time job thus providing a secondary income.

Also, a simple strategy !

Trading rules :

* Focusing on just the one currency pair : GBPCHF, (hence the name !)
* Trading hours are between 7pm-8pm, UK, (which again links to the name !)
* Aiming for a maximum of 50 pips per trade.
* SL of 300 pips per trade.
* Maximum of 4 trades per session, involving hedging. As a trade closes, (either by TP or SL), another trade may be taken during the next session.
* Majority of trades are left open until TP hit. Trades can be left open for a few days.
* A combination of Intraday trading & longer term trading on the 5 minute charts & focusing on MAs & technical analysis of the GBPCHF's trends.
* Market orders ............... no pending trade order used.

My trades are currently being tested on the gfsignals & zipsignals platforms.

http://www.gfsignals.com/performance-forex.php

Scroll down to the bottom of the page.

November 2010's results to follow.

NIL

 

[NIL5605]

Hi all

A spreadsheet & screenshot of the trades for November 2010 so far, for the GBPCHFbeforework system is available by contacting me ............. just drop me a message I'll get back to you a.s.a.p.

MONDAY 1ST NOVEMBER 2010 :
50 PIPS PROFIT

TUESDAY 2ND NOVEMBER 2010 :
75 PIPS PROFIT

WEDNESDAY 3RD NOVEMBER 2010 :
25 PIPS PROFIT

THURSDAY 4TH NOVEMBER 2010 :
171 PIPS PROFIT

FRIDAY 5TH NOVEMBER 2010 :
26 PIPS PROFIT

MONDAY 8TH NOVEMBER 2010 :
45 PIPS PROFIT

TUESDAY 9TH NOVEMBER 2010 :
12 PIPS LOSS

WEDNESDAY 10TH NOVEMBER 2010 :
37 PIPS PROFIT

THURSDAY 11TH NOVEMBER 2010 :
145 PIPS PROFIT

FRIDAY 12TH NOVEMBER 2010 :
NO TRADES

SUNDAY 14th NOVEMBER 2010 :
197 PIPS PROFIT

MONDAY 15TH NOVEMBER 2010 :
194 PIPS PROFIT

TUESDAY 16th NOVEMBER 2010 :
141 PIPS PROFIT

WEDNESDAY 17TH NOVEMBER 2010 :
81 PIPS PROFIT

THURSDAY 18TH NOVEMBER 2010 :
146 PIPS PROFIT

NOVEMBER 2010 TOTAL :
1321 PIPS PROFIT FROM 15 DAYS TRADING

NIL

 

[NIL5605]

Hi again !

If you're interested in 1 week's free trial of the GBPCHFbeforework trading signals, (Sunday 21st - Friday 26th November 2010), please message me.

NIL

 

[tomorton]

Hi NIL - I am interested in mechanical stuff like this but you're being very provocative when you describe a 50 pip profit target and 300 pip stop-loss. Leaving aside the results listed above, how do you justify this imbalance?

 

[NIL5605]

Hi Tomorton ............... thanks for your reply. For the last few years I have traded using 1:1 TP & SL .............. namely 25 pips. Having suffered many losses in recent months using the system & on the advice of other experienced traders it was felt that my trades needed much more 'breathing space' ........... not a technical trading term I know, but hopefully people will know what I mean ! Obviously a 300 pip SL is not acceptable to everyone, I fully accept that, but it seems to work so far for me ............ I am in the process of back testing with 100 pip TP to review the results & will post these here in the coming weeks. I hope I've answered your query sufficiently & apologies if I haven't !

 

[Black Swan]

why this pair, vis a vis others?

 

[NIL5605]

Hi Black Swan ................ love the quote ! The gbpchf pair seems to fit with my trading times & trading this pair's trends for larger TPs than I have traded with my previous system, (25 TP), has proved to be much more profitable than other pairs that I have tried ............ I've always focused on gbpusd, gbpjpy, eurjpy, usdchf, usdjpy & don't achieve as good as set of results than with gbpchf. Simple pair, simple strategy maybe !

 

[tomorton]

Thanks NIL, I understand, you're using your 300 pips SL as a catastrophe stop, and that's a technique some people apply. I'm curious though, how do you handle a trade that goes 150 pips down? And while you're waiting for it to reach b/e and target, the next trade goes 150 pips down: and so on.

 

[NIL5605]

Hi Tomorton ................ some of my trades are open for a few hours ............... some a few days in order to reach the TP. However, as you rightly pointed out I could one trade heading in the wrong direction, closely followed by another. My results for November show that I have closed a few trades on occasions at a loss - obviously hedging helps to improve the results to a more profitable nature. Drop me a message & I'll email you a spreadsheet of results which provide a much more detailed breakdown of the trades / strategy / results etc.

Today's results below.

 

[NIL5605]

GBPCHFbeforework Trading results : Sun 20th / Mon 21s November 2010

Hi all

A spreadsheet & screenshot of the trades for November 2010 so far, for the GBPCHFbeforework system is available by contacting me ............. just drop me a message I'll get back to you a.s.a.p.

SUNDAY 20TH / MONDAY 21ST NOVEMBER 2010 :
151 PIPS PROFIT

NOVEMBER 2010 TOTAL :
1472 PIPS PROFIT FROM 16 DAYS TRADING

NIL

 

[pseudo straddle]

Drop me a message & I'll email you a spreadsheet of results which provide a much more detailed breakdown of the trades / strategy / results etc.

.

What's all this 'drop me a line' nonsense - are you touting for business?

Tut! Tut!

What's wrong with posting it as an attachment?

:!:

 

[trendie]

what NIL has managed to do is find a FX pair that appears to have decent ranges.
so thats good.

I have received from NIL, the aforementioned spreadsheets. thanks NIL.

without divulging any specifics, he is, at first glance, trading multiple (2) positions.
so, for example, the 50 pips made on Nov-1st is actually 2 trades taken at exactly the same price.
both closed out for +25. hence 50 pips.

the Nov-2nd is composed of 2 trades, taken at the same price, but curiously at different time-stamps.
Here one trade closes for +25, the other at +50. hence the +75.

just as a friendly observation, NIL, T2W cynics would not be overly impressed by this apparent sleight of numbers.
that aside, I will review the remaining trades, and see what the drawdowns look like.

EDIT: eg, the 197 pips made for the Sun Nov-14, the 197 is composed of 4 trades, winning 64, 39, 42 and 52.

 

[NIL5605]

Hi !

Sorry to all ...................... I didn't realise I could attach anything to the post .................. so here goes !!!

NIL

 

[NIL5605]

What's all this 'drop me a line' nonsense - are you touting for business?

Tut! Tut!

What's wrong with posting it as an attachment?

:!:

Sorry if I've offended you ................. just realised I can attach a spreadsheet ............... my inadequacy I admit !

NIL

 

[NIL5605]

what NIL has managed to do is find a FX pair that appears to have decent ranges.
so thats good.

I have received from NIL, the aforementioned spreadsheets. thanks NIL.

without divulging any specifics, he is, at first glance, trading multiple (2) positions.
so, for example, the 50 pips made on Nov-1st is actually 2 trades taken at exactly the same price.
both closed out for +25. hence 50 pips.

the Nov-2nd is composed of 2 trades, taken at the same price, but curiously at different time-stamps.
Here one trade closes for +25, the other at +50. hence the +75.

just as a friendly observation, NIL, T2W cynics would not be overly impressed by this apparent sleight of numbers.
that aside, I will review the remaining trades, and see what the drawdowns look like.

EDIT: eg, the 197 pips made for the Sun Nov-14, the 197 is composed of 4 trades, winning 64, 39, 42 and 52.

Hi trendie ............... I think the spreadsheets you're referring to are for two different system. I'm just about to post the 2nd spreadsheet onto the 25_100 post.

NIL

 

[trendie]

Hi trendie ............... I think the spreadsheets you're referring to are for two different system. I'm just about to post the 2nd spreadsheet onto the 25_100 post.

NIL

apologies if I misread, NIL. I did just make a first pass skim-read overview! :cheesy:
wont be able to fully evaluate until the weekend.

 

[NIL5605]

apologies if I misread, NIL. I did just make a first pass skim-read overview! :cheesy:
wont be able to fully evaluate until the weekend.

No probs at all ................ your feedback is much appreciated ............... enjoy !

NIL

 

[NIL5605]

GBPCHFbeforework : Trading results for Tuesday 23rd November 2010

Hi

Updated results attached.

NIL

 

[NVP]

hey Nil

so whats the system ?...........although a continous flow of trading (in both directions) where you are trying to erradicate any losses from traditional stop loss breaches is a fascinating concept...........

in theory if you pick a decent pair that shows consistent (eventual) reversion to mean whilst also having some decent trend moves in both directions then even the bad trades eventually swing back to B/E or even profit

N

 

[NIL5605]

Hi

Updated results attached.

NIL