The “Forex Renewal” code

The “Forex Renewal” code

Hello everyone,

I found this strategy on an ebook that I bought. The author claimed to have executed over 500 winning trades in a row.

Obviously this is completely unrealistic. But I figured the strategy coul be winning, however. So I decided to backtest this strategy.

It didn’t work well with the entry rules mentioned in the ebook, I have simplified these rules.

This strategy takes the breakout candle between 8:45 and 09H which defines a range. If a signal candle is completely out of the range, we take position in the direction of the trend, on break of the high / low of this signal candle. Only 1 trade per day. Do not trade if the breakout candle is more than 45 pips.

This strategy applies in M15 graphs, mainly on the EUR / USD, and also the GBP / USD.

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Risk disclosure:

No information on this site is investment advice or a solicitation to buy or sell any financial instrument. Past performance is not indicative of future results. Trading may expose you to risk of loss greater than your deposits and is only suitable for experienced investors who have sufficient financial means to bear such risk.

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  1. david-1984 • 05/28/2016 #

    is it roubust? does it works on multiple forex?

  2. Pierreee • 05/28/2016 #

    Hey,
    What’s the name of the e-book please ?

  3. Doctrading • 05/28/2016 #

    No, I think it only works on EUR/USD and GBP/USD.
    As I said I did want to test this strategy, but it’s very far from being my best… anyway, I did post it because I think someone can really improve it.

  4. Pablo Carmona del Moral • 05/28/2016 #

    Hello doctor, in 5 minutes eur-usd development is good, I think it’s very good strategy, thank you very much for your contribution, looketh to improve it to see if I can

  5. Canale di Fill • 05/28/2016 #

    hello doctor …. publishes the trading system your best … I am curious to see the detailed report to compare it with mine. 🙂

  6. Doctrading • 05/28/2016 #

    Hello, my best trading systems are on my website ; but I don’t put the links here (as I don’t want to make advertising here).
    Regards,

  7. Doctrading • 05/28/2016 #

    Hello,
    Strange, it works fine for me, on each timeframe < 4H.
     
    I’m convinced that someone can improve this strategy.
    It’s a breakout strategy, those kind of setups can sometimes be profitable.
    But there is so much to test…

  8. Eric • 05/28/2016 #

    n = 3 
    dont forget to allow 3 contract in proorder

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