Testing since I wasn't able to post comments a few days ago!

I have been using the exact system (learnt in my school of pipsology). I always use fixed S.L.30 and P.L.100. I am trading on daily charts. My loose to win ratio is about 2.5 to 1.My problem is that I do not have trading oppertunity everyday and that my progress is not satisfactory. For last six months I am seriously trading with a demo account. Please suggest me some ways so that I can improve my performance and get enough confidence to open a real account.

I've been trying to implement your system via an Expert Adviser on MT4, but I've run into some trouble and have given up for now. I know there are tons of MT4 EA resources out there, so it's only a matter of time until I get it running.

If anyone else has the same idea and has the system as an expert adviser, please post a link!

hi all,
i'm new to babypips and i must say the resources on this site is amazing!! kkep up the good work. i've been demo trading for 3 months now and i've made some wins and lots of losses..my problem seems to be i don't have a reliable trading sy stem . right now i'm in 5th grade and can't wait to finish so that i can try out the cowabunga system..keep up the good work and more power to ur elbows...keep on piping...

Kunle Apara

Great web-site and system. Like the fact that you post your results. As a surfer I love the cowanunga approach.

Reply to sambhu:

bigpippin uses 4-hour to validate a trend, while using 15 minutes to place a bid. To keep the same tracking on the daily scale, you would need to watch for the trend on a 16-day (3-week) scale (15 min is 4 bars/hr * 4 hrs = 16).

To pull this back into a mid-length trade (~week), you could watch the trend (originally the 4-hour trend) on the daily scale, and place bids on the hourly scale (originally the 15-minute).

I did a quick glance at this, and it looks very sweet. Last open entry would be on 4-11 @ 02:00 GMT depending on your trade style, you could enter between 1.9735-55, stop at 1.9675-700. I'd say on the hourly scale, you'd likely be shooting for a 4x bigger collection, say 200 pips, but I think I like 100 pips better on this scale just glancing at it. So it would have closed today with 100 pips before the news. Would it have been wise to hold onto this through the big news to reach 200 pips?

Just realize that it could very likely leave your position open for a few days to over a week.

If my info is wrong, please correct me.

Hi. Absolutely love this site! I was extremely tempted to use the 10 minute and 5 minute charts as I don't have a lot of capital. I admit I tried a 5-minute. It worked for USD/CHF at 18:15 opening on 4/25/07 at 1.2048 but with only a 3 pip profit. I'll say I got lucky. I'm switching to the 15min because you obviously know more than I do - just don't know if this will work for me long term due to the stops (trying to limit loss to $100 bucks). My goal is to use two trading systems (one for trending markets and the other for range markets). Hopefully I can make cowabunga work for the trending market and then develop a range strategy using Fibonnaci. I am in the PST time zone and trade best during the hours of 9am-5pm (Lucky me, I can trade at work). I've been picking the currencies I trade based on the market open and close. Unfortunately, I have a huge gap between 2pm and 4pm (NY and Tokyo). My question is do you think I can make cowabunga work in those hours? I am able to watch the market and stare at the charts and I actually like doing this. I've been testing and it seems to look good so far. P.S., I wish I had found this site before I opened a demo account and lost half of the account balance.

hi what you do here is overwhelming i practically learnt to trade forex here,though i backed out for sometime but when i came back to read the resources on this site i was again inspired i just found out about the cowabunga system and now i`m trying to dmotrade it if you have any advice for me please post me i`m eager to learn

Hiya all
Having played in the forex for a little while with not much success. I'm into my 3rd week of demo trading the Cowabunga
system and must say i wish i had save the money on few books and had a beer or 2 with the cash. A great site and it's FREE and you show all the trades done win or loss keep it up for myself i'm on 12wins/7losses and getting better thanks to your COWABUNGA surf

Im trade everyday, may i know more details what is cowabunga system? It's put my interest to that system.. Care to tell me more?

I at present have a demo account with GFT and was wondering how to design alerts that will identify MA crossovers.

My personality requires trades to be available frequently
As I sit at the computer during London’s open till its close but on back testing I see opportunities during sleep and would not mind being woken up for these if it is possible.

Also can anyone advise with regards to brokers conflict of interest in relation to execution of trades.Dealing desk / no dealing desk. is there issues here and if so how are they to best addressed?

Thanking you.

Jonathan

Your indication of looking for trend is using a 4hr chart and placing your trades on the 15min chart.

My questions, FXCM trading station hasn't got a 4hr chart,
can I use 60min chart for searching the Trend Line..?

Cheers mate

Darmatt