How does this strategy look?

Discussion in 'Forex' started by afelipe86, Dec 5, 2009.

  1. I was just messing around with some charts and just thought of another way to make some trades.

    Starting balance is $1,000 and the unit size is 10,000. The TP and SL are both 50 pips. I know it depends on the currencies being traded, but for this example I'm just doing 1 pip = $1. I could only go back to 06/30/2009, but I will continue to forward test.

    I'll be testing it for a few more months, but I'm wondering if any of you think it looks like a really risky strategy?

    The only indicators used are MACD and slow stoch.
  2. Can you explain how your strategy works?
  3. Don't know about the strategy but the money management looks like shit :D

    Assuming 1k is your total trading capital try trade sizes of 1k, or 2k at most!