Hello Guys,
I am glad to say that i took 3rd place in Strategy Contest for the month June 2022. I'm really glad to be a part of Dukascopy community family where i won the contest and took 3rd place for second times. I used Very Simple strategy with medium range take profit/stop loss target. Trading strategy given below:
Trading Instruments : GBP/USD
Trading Lot: 2M
Take Profit: 55 pips
Stop Loss: 55 pips
Strategy Principle: Martingale
Indicator: Null Trading
Martingale Trading Strategy Pattern & Trading logic:
I am using Martingale Strategy method. The Martingale Strategy involves doubling the trade size at every time when a loss is faced. A actual scenario for the strategy is to try and trade an outcome with a 50% probability of it occurring where the scenarios are also called zero expectation scenarios.
Indicator:
I am not a big fan of indicator and my strategy does not has any indicator. Perhaps Martingale Strategy works fine without indicator and gives better performance with best accuracy. So right now I called my trading strategy name: Martingale Null indicator trading.
Money Management & initial Risk i used: 10, Trade volume will multiply until it hits take profits. Trading Opening pattern: with volume: 2,4,8,16,32 depends on available free margin.
How This Martingale Strategy Works & Calculates:
Buy Position: the strategy opens a long position with 2M volume if the previous hour closed bullish, If position closed with loss then the next position will open with multiply of its current volume which is 4M until it hits target based on market closing patter bull or bear. Where SL 55 points and TP 55 points.
Sell Position: the strategy opens a short position if the previous hour closed bearish with 2M volume, If position closed with loss then the next position will open with multiply of its current volume which is 4M until it reach target based on market closing patter bull or bear. Where SL 55 points and TP 55 points.
I also tested it to demo and several strategy contest to figure it out to get the best outcomes. After tested it, I decided to use 55 points this time where take profit or stop loss target would be 55, because it performed best with medium range targets. Perhaps my strategy that does not use any indicators, and its opens positions according to the base on previous market closing hour that is able to trade as close as the same level with complex strategies.
Thank you All
I am glad to say that i took 3rd place in Strategy Contest for the month June 2022. I'm really glad to be a part of Dukascopy community family where i won the contest and took 3rd place for second times. I used Very Simple strategy with medium range take profit/stop loss target. Trading strategy given below:
Trading Instruments : GBP/USD
Trading Lot: 2M
Take Profit: 55 pips
Stop Loss: 55 pips
Strategy Principle: Martingale
Indicator: Null Trading
Martingale Trading Strategy Pattern & Trading logic:
I am using Martingale Strategy method. The Martingale Strategy involves doubling the trade size at every time when a loss is faced. A actual scenario for the strategy is to try and trade an outcome with a 50% probability of it occurring where the scenarios are also called zero expectation scenarios.
Indicator:
I am not a big fan of indicator and my strategy does not has any indicator. Perhaps Martingale Strategy works fine without indicator and gives better performance with best accuracy. So right now I called my trading strategy name: Martingale Null indicator trading.
Money Management & initial Risk i used: 10, Trade volume will multiply until it hits take profits. Trading Opening pattern: with volume: 2,4,8,16,32 depends on available free margin.
How This Martingale Strategy Works & Calculates:
Buy Position: the strategy opens a long position with 2M volume if the previous hour closed bullish, If position closed with loss then the next position will open with multiply of its current volume which is 4M until it hits target based on market closing patter bull or bear. Where SL 55 points and TP 55 points.
Sell Position: the strategy opens a short position if the previous hour closed bearish with 2M volume, If position closed with loss then the next position will open with multiply of its current volume which is 4M until it reach target based on market closing patter bull or bear. Where SL 55 points and TP 55 points.
I also tested it to demo and several strategy contest to figure it out to get the best outcomes. After tested it, I decided to use 55 points this time where take profit or stop loss target would be 55, because it performed best with medium range targets. Perhaps my strategy that does not use any indicators, and its opens positions according to the base on previous market closing hour that is able to trade as close as the same level with complex strategies.Thank you All