Cowabunga System FAQ

Cowabunga Frequently Asked Questions

  1. Do you have to be in front of the charts all day to wait for a signal?

  2. Does the system only work with the Cable? Can you use it on other pairs?
  3. Will the system work on any other time frame other than the 15 minute chart?
  4. What Charting Software do you use?
  5. What is your trading schedule like? Do you stay up all night to trade this system?
  6. What do you mean by "Clean Break"?
  7. Where do you trade from?
  8. You mention that you don’t hold trades during important news events. Which news events do you consider important?
  9. Is there a custom indicator for Metatrader?
  10. How do I set alerts on my chart so that it sends me an email to my phone when there is a signal?
  11. How come my MACD histogram doesn’t look like yours?
  12. Why don’t you update your trade record anymore?
  13. What’s the deal with the 50 and 00 target levels?
  14. Can you explain what the R-value is and why you keep track of it?
  15. It seems like you risk alot of pips to make only a few. Isn’t that a bad method of trading?

 

Do you have to be in front of the charts all day to wait for a signal?

It’s true that a signal can come at any time in the day, I usually start looking for signals after 6pm ET. The best signals, however, usually come after midnight so if you just want to be safe then you can start looking then. In addition, my charting software allows me to set alerts which are sent to my phone. I find out my main trend using the 4hr chart and if the main trend is UP, then I set my software to alert me if there are any moving average crossovers for a long trade. If the main trend is DOWN then I set my software to alert me if there are any moving average crossovers for a short trade. Sometimes I’ll get a false signal and I’ll just reset my alert, but other times I’ll actually have a valid entry. I live in the Eastern Time Zone so it’s particularly hard for me to be in front of the charts at all times but the alerts save me from this road block.

Does the system only work with the Cable? Can you use it on other pairs?

The system was specifically tailored for the Cable. However, just eyeballing the charts, the system does seem to find good entry points on other pairs as well. You might just have to tweak the stop and target rules. If you’re anxious to try it on other pairs I strongly recommend you demo trade it for a few months until you can come up with consistent and positive results.

Will the system work on any other time frame other than the 15 minute chart?

Moving any lower than a 15 minute chart is dangerous because you are basically just trading more “noise”. For example, if you attempt to trade a 5 minute chart, you’ll be getting signals left and right which may lead to some winning trades, but in the long run you will be whipsawed many times because of the knee jerk reactions that a shorter time frame will give you. I think that even 15 minute charts is borderline, but I’ve tested the system and it seems pretty well on this time frame. I highly recommend that you stick with a 15 minute chart or higher. I say higher because the longer the timeframe you use, the more reliable your indicators become. You’ll get fewer signals but the ones you do get will be a more reliable. So if you want to try this system on a faster time frame, be sure to demo it first.

What charting software do you use?

I use Xtick because it’s easy to make pictures with and it’s fairly easy to use. I can also paint my candles when certain conditions are met. This why I have purple candles (for when the moving averages cross down) and black candles (for when the moving averages cross up). I’m also able to set alerts when these crossovers occur. So if my main trend is up, then I’ll just set alerts for whenever the moving averages cross up, and vice versa. The alerts get sent to my phone so it saves me from being glued to the charts.

What is your trading schedule like? Do you stay up all night to trade this system?

The Cowabunga system is just one of the systems I trade in the Forex. I live on the Eastern Time Zone so many of the good trading opportunites happen when I am asleep. Because of this, most of my trades are swing trades where I hold positions for longer than a day. I am not what you would call a "day-trader". So you might be wondering how I catch these Cowabunga signals. Do I have to stay up all night in order to trade it?

The answer is "No". In fact I hardly spend time watching the charts for this system. I set up alerts with my charting package so that it lets me know when I might have a possible entry. Keep in mind though, that this effectively puts me "on call" the entire day as I will have to go to my computer whenever I get an alert. If you don’t like having to be tied to your computer, then this may not be the system for you. Don’t force it! There are longer term systems out there that may be better suited for your trading personality.

What do you mean when you say "Clean break"?

A clean break to me is when a candle can not only touch our target level, but break through it. The "Clean Break" rule is then solidified if the candle actually closes past our target level. When this happens I tend to move my stop to whatever our target level was and try to go for more pips because it indicates that there is some good momentum still left in the market.

Where do you trade from?

I am trading from the Eastern Time Zone.

You mention that you don’t hold trades during important news events. Which news events do you consider important?

The only events I consistently stay away from are the NFP report and any interest rate decision for the Pound or Dollar. However, there will be times when a certain report may be getting alot of "hype" and if I see something that warrants a caution sign I’ll include it in my post prior to the report.

Is there a custom indicator for this system for Metatrader?

Yes there is! Thanks to one of our members, ybop01, there is now an EA for the Cowabunga System if you use Metatrader. I haven’t personally tested it myself but the users in our forums say it works great. You can download the indicator here.

How do I set alerts on my chart so that it sends me an email to my phone when there is a signal?

It all depends on what kind of charting software you have. I don’t know how to set alerts on every single charting package out there. Here are the ones I do know how to set up alerts for:

  1. Xtick
    1. Set up your charts and add all your indicators
    2. Right click on the chart and click "Painting Chart (xPaint)".
    3. Click "Add"
    4. Click the 5 moving average in the "1st condition study" box
    5. Under "Condition" click the drop down menu and click on "Crosses up 2nd study"
    6. Click the 10 moving average in the "2nd condition study" box
    7. On the right side, you can choose what color you want to paint the candle, as well as add an alert when this condition is met.
    8. Check the "alert" box and underneath it, check the "send email" box
    9. Click "Setup email" and add fill out the necessary information (you’ll have to find out your SMTP server information on your own).
    10. To have the alert be sent to your phone put THIS in the "to" box.
    11. Now, everytime you have a crossover for a long trade, you will receive an alert on your phone. Repeat the steps again for a crossover for a short trade, except you’ll have to adjust the conditions when you create a new xPaint candle.
  2. Metatrader
    1. Download ybop01′s custom MT4 Indicator
    2. Read this post
    3. Read this post
  3. If anyone else knows how to do it on other software programs please post it in the Cowabunga System Discussion Forum.

How come my MACD indicator doesn’t look like yours?

My MACD histogram is basically showing the difference between the 2 MACD lines. For some reason, some charting softwares don’t display the histogram this way (this includes Metatrader 4). If you have MT4, there is an indicator created by one of the Cowabunga traders that seems to fix this problem. I can’t guarantee it is 100% accurate but judging from other traders’ posts, it seems to work just fine.

If you are using any other software other than Xtick, then try looking for different display options for your MACD histogram. See if you can display it so that the histogram displays the value of the difference between the 2 MACD lines.

Alternatively, you can scratch the histogram altogether. Since you know that it is simply displaying the value of the 2 MACD lines then you should know that if the fast line is below the slow line, then the histogram would be negative. Vice versa- If the fast line is above the slow line, then the histogram would be positive. From this, you can determine whether the MACD histogram is positive or negative at the time of a signal and go from there.

How come you don’t update your trade record anymore?

I have updated my track record religiously for about 4 years now. Publicly, I’ve updated it for about a year and half. The reason I stopped updating it was because it became pointless. The purpose of it in the first place was just to show the efficiency of the system. I believe I have accomplished that and have had enough evidence to know that this system works! I encourage you to keep a track record for yourself to monitor your trading, but as for the Cowabunga System goes, the trade record will stop being updated.

Here are the links to the Cowabunga Track Record when I kept track of it:

2007
2008

For current track records, I am using MeetPips.com to log my trades. The site automatically keeps my track record for me. You can see my current track record here:

MeetPips.com Cowabunga Track Record

Whats the deal with the 50 and 00 level target levels?

People often ask me why I pick these 2 levels as my initial targets in many of my trades. The answer is that the markets pay a lot of attention to these levels especially in the short term. Since many traders always tend to put stops and take profit orders around these levels, it can often trigger a sharp continuation or a sharp bounce. This is why I pay close attention to my trades once they reach these levels. If momentum continues in my favor, I ride the wave. If I start to see a bounce…I’m OUT!

Can you explain what the R-value is and why you keep track of it?

R-values are a way of seeing how much you are risking compared to how many pips you are making. It is calculated by taking your final profit/loss and dividing it by the amount of pips you risked.

So for example, if you were to risk 10 pips and you ended up making 30 pips, then your R-value would be 3 (30 divided by 10).

If you were to risk 10 pips and ended up losing 30 pips, then your R-value would be -3 (-30 divided by 10).

Sometimes you ended up making less pips then you risked and will find yourself getting an R-value less than 1. For example, if you were to risk 10 pips and ended up making 5 pips then your R-value would be 0.50. (5 divided by 10).

The reason we measure this value is because over time, we can look at our trades and see if we winning more or less than what we are risking. If we end up with an R-value less than 1 then it means we are not winning as many pips as we are risking. If this is this is the case, then we have to make sure our system is winning over 50% of our trades or else our system will not be profitable in the long run.

If we end up with an R-value that is greater than 1, then it means we can afford to lose less than 50% of our trades and still be profitable in the long run, depending on what our actual R-value is. For example, if our R-value is 3.00, then it means we only need to win over 30% of our trades to still be profitable. The higher our R-value the more we can afford to lose. The lower our R-value the more we need to win!

It seems like you risk alot of pips to make only a few. Isn’t that a bad method of trading?

See FAQ #14

While making more pips than you risk is a good practice and a good way to be profitable in your trading, it’s not absolutely necessary if you can win a high percentage of your trades.

  • ljin

    hello, i read this strategy and i like it quite a bit. is there anyone keep a track of winning and losing trade’s record ? with percentage + profit would be great. thank you :)

  • Guest

    “While making more pips than you risk is a good practice and a good way
    to be profitable in your trading, it’s not absolutely necessary if you
    can win a high percentage of your trades” Thats retarded
     

  • Paul

    Good system. Who do you use as your forex broker? Thanks.

  • abman4444

    i don’t know how to set alerts in xtick platform can you tell me please from which menu i can do that

  • bigpippin

    you have to use the “xpaint” feature. Right click on the chart and you’ll see an option for it. From there you should be able to figure it out.

  • abman4444

    i don’t know how to set alerts in xtick platform can you tell me please from which menu i can do that

  • bigpippin

    you have to use the “xpaint” feature. Right click on the chart and you’ll see an option for it. From there you should be able to figure it out.

  • stdummy

    where do you find the x-tick software

  • bigpippin
  • stdummy

    where do you find the x-tick software

  • bigpippin
  • terrancead

    COW_A_BUNGLE!
    Try on the 35min GBP chart…the DiNapoli 3×3 and EMA 10 superbe and Awsome….cross-over indercator…
    I am blowen away
    TADfx

  • terrancead

    COW_A_BUNGLE!
    Try on the 35min GBP chart…the DiNapoli 3×3 and EMA 10 superbe and Awsome….cross-over indercator…
    I am blowen away
    TADfx

  • pinetree

    BP, could you clarify a bit more when you say are not up all night to trade this system. Beleive it or not, this is a significant stumbling block for me to use the cowbunga system. On the one hand you say you do not stay up all night watching the screen — yet on the other hand you say you set up the alerts — and most of the promising trades come after midnight until early morning time. How then do you manage not to stay up all night? Do you get awaken each time the MAs cross by having the alert system awake you? If so how do manage to get any sleep? Also do you live in the ET time zone?

  • pinetree

    BP, could you also say who do you use as your forex broker?
    And why do you use xtick -a somewhat costly charting service – when most forex platforms provide charting for free? Thanks.

  • bigpippin

    pinetree- I do live on ET. And my alerts do wake me up, but usually it’s only once a night because I only set alerts for a moving average cross in the direction of the main trend. Like I said, this system is NOT for everyone, especially if you have a dayjob and can’t afford to lose sleep. Trading is supposed to revolve around your schedule and not the other way around. This is not the only system out there so you might have better luck trading a system that you can keep track of. Remember, this blog’s sole purpose is to provide an example of how a simple system can be applied in the market. It doesn’t necessarily mean that everyone can or should trade it.

    As for the broker, I cannot say which one I am using because we like to remain unbiased. I use Xtick because I like the features it has (alerts, ability to paint candles, etc.) and I’m willing to pay for it. Just because I use Xtick doesn’t mean you have to. Xtick works well for me and I encourage you to shop around and find a charting package that works for you. If you can get by with a free one, then by all means stick with it :)

  • pinetree

    BP, could you also say who do you use as your forex broker?
    And why do you use xtick -a somewhat costly charting service – when most forex platforms provide charting for free? Thanks.

  • bigpippin

    pinetree- I do live on ET. And my alerts do wake me up, but usually it’s only once a night because I only set alerts for a moving average cross in the direction of the main trend. Like I said, this system is NOT for everyone, especially if you have a dayjob and can’t afford to lose sleep. Trading is supposed to revolve around your schedule and not the other way around. This is not the only system out there so you might have better luck trading a system that you can keep track of. Remember, this blog’s sole purpose is to provide an example of how a simple system can be applied in the market. It doesn’t necessarily mean that everyone can or should trade it.

    As for the broker, I cannot say which one I am using because we like to remain unbiased. I use Xtick because I like the features it has (alerts, ability to paint candles, etc.) and I’m willing to pay for it. Just because I use Xtick doesn’t mean you have to. Xtick works well for me and I encourage you to shop around and find a charting package that works for you. If you can get by with a free one, then by all means stick with it :)

  • barbarickl

    I am somewhat new to this, and I am just trying to figure out when you say 5 EMA and 10 EMA applied to the close, I set that up in my charts and it say’s 5 MAE and 10 MAE instead of “EMA”. Is this the same thing, or am I doing something wrong? Thanks for your help!

  • barbarickl

    I am somewhat new to this, and I am just trying to figure out when you say 5 EMA and 10 EMA applied to the close, I set that up in my charts and it say’s 5 MAE and 10 MAE instead of “EMA”. Is this the same thing, or am I doing something wrong? Thanks for your help!

  • stanfrenz

    Hi,
    I’m new to the Cowabunga system, and I guess I’m quite clear except for the TP (Take Profit) target. When you trade using the cowabunga system, what is the advisable time to exit the trade. Thanks.
    …Stan

  • stanfrenz

    Hi,
    I’m new to the Cowabunga system, and I guess I’m quite clear except for the TP (Take Profit) target. When you trade using the cowabunga system, what is the advisable time to exit the trade. Thanks.
    …Stan

  • scooter

    What is the 50 or 100 levels you are talking about when you advise to take profit? What indicator are you talking about?

    Scott

  • scooter

    What is the 50 or 100 levels you are talking about when you advise to take profit? What indicator are you talking about?

    Scott

  • wandido

    Good system.
    I use the MACD(12,26,9) as indicated for the cowabunga system but yurs look different. Are you using different values

  • wandido

    Good system.
    I use the MACD(12,26,9) as indicated for the cowabunga system but yurs look different. Are you using different values

  • scooter

    When on the 4 hour chart looking at the Stochastics when you say uptrend or downtrend do you mean that the slow K has to be above the slow D or just the overall indicator needs to be in a uptrend for you to go long?

  • scooter

    When on the 4 hour chart looking at the Stochastics when you say uptrend or downtrend do you mean that the slow K has to be above the slow D or just the overall indicator needs to be in a uptrend for you to go long?

  • michwales

    Just new to your system and the positive posts am reading here about your system is overwhelming. in your FAQ, I read that the system is meant for cable. Now do you mean any currency with cable pair? eg GBP/USD, EUR/GBP, GBP/JPY et al

    Thanks

  • michwales

    Just new to your system and the positive posts am reading here about your system is overwhelming. in your FAQ, I read that the system is meant for cable. Now do you mean any currency with cable pair? eg GBP/USD, EUR/GBP, GBP/JPY et al

    Thanks

  • viswadatta

    Can you back test trading strategies on xtick professional?

  • viswadatta

    Can you back test trading strategies on xtick professional?

  • alexserna

    Im new to forex but I like,any body knows how to ask a question to cowabunga ?
    Alex

  • alexserna

    Im new to forex but I like,any body knows how to ask a question to cowabunga ?
    Alex

  • braderek

    As a new member I am not sure how to download the indicator for your system.
    When I click on get indicator here,it goes to http://forums.babypips.com/#post3565
    Where on post 3565 is the indicator file?

  • braderek

    As a new member I am not sure how to download the indicator for your system.
    When I click on get indicator here,it goes to http://forums.babypips.com/#post3565
    Where on post 3565 is the indicator file?

  • cyclone_35

    Do both the stochs and rsi have to be going in the same direction on the 4 hour chart before we even bother looking at the 15 minute chart to trade? i.e. what if our overall trend is “up” on the 4 hour based on the EMAs, but the rsi and stochs are both down? Can we still trade, or should we wait till all indicators are in the same direction on the 4 hour before looking at the 15? Thank you!!

  • cyclone_35

    Do both the stochs and rsi have to be going in the same direction on the 4 hour chart before we even bother looking at the 15 minute chart to trade? i.e. what if our overall trend is “up” on the 4 hour based on the EMAs, but the rsi and stochs are both down? Can we still trade, or should we wait till all indicators are in the same direction on the 4 hour before looking at the 15? Thank you!!

  • RAPTOR5910

    BIG PIPPIN,WHEN USING THE COWABONGA SYSTEM WHICH RSI DO YOU RECOMEND 9EMA OR 9SMA.

    THANKS,
    RAPTOR5910

  • RAPTOR5910

    BIG PIPPIN,WHEN USING THE COWABONGA SYSTEM WHICH RSI DO YOU RECOMEND 9EMA OR 9SMA.

    THANKS,
    RAPTOR5910

  • calcal168

    Do you have the experience using Xtick, sometime the send email work and sometimes I got the send mailerror.

    Do you have the same experience before? what email acct do you use right now?

  • calcal168

    Do you have the experience using Xtick, sometime the send email work and sometimes I got the send mailerror.

    Do you have the same experience before? what email acct do you use right now?

  • LRJohnston

    ok, i’m a newbie. i’m trying fxcm to a month. my MACD has the following:
    MACD (12,26,9) Linear MACD – close
    MACD (12,26,9) MACDA – close
    MACD (12,26,9) HISTOGRAM MACD – close

    Using the Cowabunga sytem, is this what I’m looking for? Or Do I need ot adjust my paramaters? Help? Advice?
    Thanks, Lj

  • LRJohnston

    ok, i’m a newbie. i’m trying fxcm to a month. my MACD has the following:
    MACD (12,26,9) Linear MACD – close
    MACD (12,26,9) MACDA – close
    MACD (12,26,9) HISTOGRAM MACD – close

    Using the Cowabunga sytem, is this what I’m looking for? Or Do I need ot adjust my paramaters? Help? Advice?
    Thanks, Lj

  • rodhub

    Thanks for all of your help and guidance; I have been following you for quite a while and I am ready to go from my practice account to a real account. From your experience is there much difference in speed of execution or anything else when going from practice to live trading? Thanks again for sharing.

  • rodhub

    Thanks for all of your help and guidance; I have been following you for quite a while and I am ready to go from my practice account to a real account. From your experience is there much difference in speed of execution or anything else when going from practice to live trading? Thanks again for sharing.

  • orebiyioo

    One of the rule is to look out for a reliable broker.Some of them out there can easily frustrate a good system.Like tymen cautioned in his posts on this forum,some are out to take both your spread and your capital.That is the problem Iam facing now,freezing of windows and buttons untill it pleases them.

  • orebiyioo

    One of the rule is to look out for a reliable broker.Some of them out there can easily frustrate a good system.Like tymen cautioned in his posts on this forum,some are out to take both your spread and your capital.That is the problem Iam facing now,freezing of windows and buttons untill it pleases them.

  • CASINO

    DIDNT READ IT YET BUT I WILL DO IT:]

  • CASINO

    DIDNT READ IT YET BUT I WILL DO IT:]

  • Pupsdad

    I have recently loaded the indicators and have had favorable results. I, as of yet, have been unable to create alerts. I use IBFX Metatrader and am unable to get past the screen which calls for the smpt server. Can someone help me?

    Thanks,

  • Pupsdad

    I have recently loaded the indicators and have had favorable results. I, as of yet, have been unable to create alerts. I use IBFX Metatrader and am unable to get past the screen which calls for the smpt server. Can someone help me?

    Thanks,

  • ForexKerry

    I have used a system similar to this for a while but refining my numbers to match this system has really helped. I work full time approx 12 hours per day; and trade while I am working.. Using this system I pulled +112 pips last week.. I have always believed in the KISS system of doing things.. I appreciate your time and efforts in sharing this system. Forexkerry@gmail.com

  • ForexKerry

    I have used a system similar to this for a while but refining my numbers to match this system has really helped. I work full time approx 12 hours per day; and trade while I am working.. Using this system I pulled +112 pips last week.. I have always believed in the KISS system of doing things.. I appreciate your time and efforts in sharing this system. Forexkerry@gmail.com

  • mhhafeez

    where can we find alert system that can alert on the MT4 pop up screen and also send SMS at the same time the pop up appear? any idea?

  • mhhafeez

    where can we find alert system that can alert on the MT4 pop up screen and also send SMS at the same time the pop up appear? any idea?

  • BPUser

    Where does one find and how does one download the MT4 Cowabunga indicator?

    Thanks in advance,

    BPUser

  • jenbest

    Can I trade on a small capital like $60. Will it be wise to trade on that.
    What is the minimum amout I could trade on using your trading system.

  • jenbest

    Can I trade on a small capital like $60. Will it be wise to trade on that.
    What is the minimum amout I could trade on using your trading system.

  • worshipu

    I have a question concerning your target price and order type. I under stand that the target price is at a 100 or 50 level or equal to what is risked. You mention that when a candle closes beyond a target price that you keep the trade open and move the Stop Loss to the original target price. What type of order do you use for this? Or do you not place a target price order and just watch this manually? Options I’ve tried: 1) I place an order to take profit at target price and if price closes beyond TP I open a new trade. This puts part of the original trades profits at risk. 2) I place a Trailing stop to kick in 10 pip beyond original TP. This doesn’t lock in the profits from the original TP if the trigger is not hit. 3) I manually watch for my TP to be exceeded or met. This once again leave the option that I close too late. I’m just curious what order process you take. I’m aware brokers can handle this differently. Thanks!

  • jasonsaww

    Hi BP,

    I,m Jason From Singapore.

    I need your advise on the time frames.
    I understand that the higher the time frame, the better. I would like to enter using the 4hours candle instead of 15mins. If that is the case, should I use daily or weekly chart for identifying the main trend?

    Thanks
    JasonSAWW

  • jasonsaww

    Hi BP,

    I,m Jason From Singapore.

    I need your advise on the time frames.
    I understand that the higher the time frame, the better. I would like to enter using the 4hours candle instead of 15mins. If that is the case, should I use daily or weekly chart for identifying the main trend?

    Thanks
    JasonSAWW

  • ukituki

    Hi, I am Luke from Poland,

    How do you react when the trend change candle is forming on 4 hour chart – let’s say there is a trend change candle with the cross of MA’s, which didn’t close yet, on 4h chart telling you that the trend may change from up to down, meanwhile you are are getting valid buy signal on 15min chart.
    I guess it’s up to everyone’s discretion from what i manage to observe here, but what do you normally do? Do you enter that trade?

  • ukituki

    Hi, I am Luke from Poland,

    How do you react when the trend change candle is forming on 4 hour chart – let’s say there is a trend change candle with the cross of MA’s, which didn’t close yet, on 4h chart telling you that the trend may change from up to down, meanwhile you are are getting valid buy signal on 15min chart.
    I guess it’s up to everyone’s discretion from what i manage to observe here, but what do you normally do? Do you enter that trade?

  • rupert1358

    What does she mean when she says “the cable.” gbp/usd?

  • rupert1358

    What does she mean when she says “the cable.” gbp/usd?

  • http://ea-boss.com Paul

    Good system. Who do you use as your forex broker? Thanks.

  • ljin

    hello, i read this strategy and i like it quite a bit. is there anyone keep a track of winning and losing trade’s record ? with percentage + profit would be great. thank you :)

  • Guest

    “While making more pips than you risk is a good practice and a good way
    to be profitable in your trading, it’s not absolutely necessary if you
    can win a high percentage of your trades” Thats retarded
     

    • Jake

      Not really retarded.

      If you could win 100% of your trades, then it wouldn’t matter what you’re risking, correct? You’d make money regardless. Now, if you were only winning 10% of your trades, obviously you can’t risk whatever you want. With that track record, you are far more likely to lose, thus what you are willing to lose (i.e. what you risk) needs to be less.

      He says “If we end up with an R-value that is greater than 1, then it means we can afford to lose less than 50% of our trades and still be profitable.” Indeed this is true, which makes the reverse true as well, which is:

      An r-value less than 1 is only not profitable if you win less than 50% of the time.

      To illustrate that, imagine regularly risking 50 pips to make 10, and then only winning 15% of the time. After 100 trades, you’d lose 50 pips on each of 85 trades (-4250) and win 10 pips on each of 15 trades (+150) for a total LOSS of 4100 pips.

      On the flip side, imagine regularly risking 50 pips to make 30 and winning 85% of the time. After 100 trades, you’d lost 50 pips on each of 15 trades (-750) and win 30 pips on each of 85 trades (+2550) for a total PROFIT of 1800 pips. This would still be profitable even with the ‘risk 50 pips to win 10 pips’ scenario above.

  • kcnavaraj

    hi friends ! how to download this system? is it free ? please help….

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