I am aware, there has been much talk and speculation of AUDNZD systems...
I am posting the following system that works manually (so far)for me...and wondering if anyone has something to say on its profitability ( or lack of it )
The system in based on high correaltion, with high expectancy for mean of reversion (at list some reversion) and incorporates a martingale approach.
1. NO STOP LOSS . - TAKE PROFIT 30 PIPS.
ONLY usd the most correlated pairs that have large swings: AUDNZD, AUDCAD, and EURGBP.
I do not use EURCHF - for the pair is too thin ( few real pull backs) in price action for this system
2. I use zig zag indicator and 1h charts to determine tops and bottoms. the purpose of this indicator to identify latest top or bottom.
3. 1st Entry : enter with BUY/SELL LIMIT when price reaches 100pips from the bottom/top and put TP 30 pips
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you will martinegale( average) every -50 pips, with TP 30pips. Explained below :
4. If target is not reached , and price pushes further 50 pips ( 150 total) , enter with another order ( double of the original) and recalculate the 30 pips TP.
5. Enter again if needed at (-200 pips ) adjust TP
6. I have not seen the pairs above trending for more that 250 pips with out retracing at list 30 pips at some point. ( almost will never happen)
7. use appropriate lot sizes and leverage !!!!
THE SYSTEM WAS EDITED TO AUDNZD PAIR ONLY !!!
I am posting the following system that works manually (so far)for me...and wondering if anyone has something to say on its profitability ( or lack of it )
The system in based on high correaltion, with high expectancy for mean of reversion (at list some reversion) and incorporates a martingale approach.
1. NO STOP LOSS . - TAKE PROFIT 30 PIPS.
ONLY usd the most correlated pairs that have large swings: AUDNZD, AUDCAD, and EURGBP.
I do not use EURCHF - for the pair is too thin ( few real pull backs) in price action for this system
2. I use zig zag indicator and 1h charts to determine tops and bottoms. the purpose of this indicator to identify latest top or bottom.
3. 1st Entry : enter with BUY/SELL LIMIT when price reaches 100pips from the bottom/top and put TP 30 pips
---------------------------------------
you will martinegale( average) every -50 pips, with TP 30pips. Explained below :
4. If target is not reached , and price pushes further 50 pips ( 150 total) , enter with another order ( double of the original) and recalculate the 30 pips TP.
5. Enter again if needed at (-200 pips ) adjust TP
6. I have not seen the pairs above trending for more that 250 pips with out retracing at list 30 pips at some point. ( almost will never happen)
7. use appropriate lot sizes and leverage !!!!
THE SYSTEM WAS EDITED TO AUDNZD PAIR ONLY !!!
Buy low , Sell high