Range Price [Contest]
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  1. #1
    Rookie Azis Muslim's Avatar
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    Range Price [Contest]

    Greetings

    Account number: 1601001
    Investor password: newbie01
    Server: Roboforex demo
    Type of strategy: Range price
    Working timeframe: H1 and H4
    Currency pair: EURUSD

    Description:

    This strategy focus only on EUR/USD pair and use its range price on daily, weekly, monthly, and yearly basis to enter and exit from market. I will work in all market situations to get profits, even in sideways market. Invested money on demo account is 10,000 with 1:500 as the leverage, and minimum lot size per position is 0,1. I am using an indicator to help me determine specific levels to decide whether to buy or sell. I will pay attention on times when high impact news will be released. I will only set take profit without any stop loss. And one more thing, every trend will be followed by 30% correction. For example: if price goes up for 100 pips, it will go down for 30 pips as its correction then continue to go up. I will explain the rules how to sell and buy below.

    Buy
    1. When price go down from 8 pips (minimum) to 20 pips (maximum) or more during open market price (OMP) until 6 hours later, set take profit (TP) for 10 pips or to OMP - 2 pips,
    2. When price go down until it reach 30% below, set TP for 10 pips or to OMP - 2 pips,
    3. When price go down until it reach 42% below, set TP for 10 pips or to 30% below OMP - 2 pips.

    Screenshot:
    Attachment 10450

    Sell
    1. When price go up from 8 pips (minimum) to 20 pips (maximum) or more during OMP until 6 hours later, set TP for 10 pips or to OMP - 2 pips,
    2. When price go up until it reach 30% above, set TP for 10 pips or to OMP - 2 pips,
    3. When price go up until it reach 42% above, set TP for 10 pips or to 30% above OMP - 2 pips,

    Screenshot:
    Attachment 10451

    Money and trade management:

    I only focus on my margin level and remaining equity. I will stop adding more positions when my margin level reach 300% to 500%.

    Trade carefully and cheerfully

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    Last edited by Value trader; 05-06-2014 at 04:20 PM.

  2. #2
    Rookie Azis Muslim's Avatar
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    Wednesday, May 07, 2014

    Greetings

    Today I want to share my current opened position:

    1. Position(s): Short EURUSD,
    2. Order number: 68216742 and 68216949,
    3. Entry price: @1.3927 and @1.3929,
    4. Take profit set: @1.3917 for both positions.
    5. Screenshot:
    Attachment 10487

    Reason(s) of my decision:

    1. Price reached OMP and went up from 30% area below it,
    2. Price didn't show any signal yet to move up because it failed to break OMP at least for 5 pips. But there are always possibilities and anything can happen,
    3. If my assumption is correct, price may go down to reach 30% or break it.
    4. Screenshot:
    Attachment 10488

    Trade carefully and cheerfully

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  3. #3
    Rookie Azis Muslim's Avatar
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    Greetings

    Quote Originally Posted by Azis Muslim View Post
    1. Position(s): Short EURUSD,
    2. Order number: 68216742 and 68216949,
    3. Entry price: @1.3927 and @1.3929,
    4. Take profit set: @1.3917 for both positions.
    1. Orders were executed by TP @1.3917,
    2. Gained +22 pips profit/ +220$/ +2.2% per capital.
    3. Screenshot:
    Attachment 10490

    Trade carefully and cheerfully

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  4. #4
    Rookie Azis Muslim's Avatar
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    Greetings

    I got another profits while waiting for a perfect moment to swing trading.

    1. Position(s): Short EURUSD,
    2. Order number(s): 68230276,
    3. Entry price: @1.3925,
    4. Take profit set: @1.3917,
    5. Profit/loss: +8 pips/ +80$/ +0.78% per capital.
    6. Screenshot:
    Attachment 10493

    And this is my current opened position:

    1. Position(s): Long EURUSD,
    2. Order number(s): 68233996,
    3. Entry price: @1.3917,
    4. Take profit set: @1.3925,
    5. Screenshot:
    Attachment 10494

    Trade carefully and cheerfully

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  5. #5
    Rookie Azis Muslim's Avatar
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    Thursday, May 08, 2014

    Greetings

    I am still waiting for EURUSD to move up to my TP. While waiting, I added 2 more long positions. Check it out.

    1. Position(s): Long EURUSD,
    2. Order number(s): 68238089 and 68246057,
    3. Entry price: @1.3914 and @1.3911,
    4. Take profit set: @1.3925 for both positions, same TP as well as the first one.
    5. Screenshot:
    Attachment 10495

    Reason(s) of my decision:

    1. EURUSD is on correction from its 130 pips upside movement, done in last Friday until Tuesday. 130 is a number of minimum weekly range price of EURUSD so it could go up for another pips or at least, until it reach previous high @ 1.3942 area,
    2. Price is about to fulfill its 30% correction of 130 pips upside movement. Remember what I have explained in my first post, every trend movement on all time basis (daily, weekly, monthly, or even yearly) has 30% correction after price fulfilled it target before it go to another target.
    3. Screenshot:
    Attachment 10496

    Trade carefully and cheerfully

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  6. #6
    Rookie Azis Muslim's Avatar
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    Quote Originally Posted by Azis Muslim View Post
    1. Position(s): Long EURUSD,
    2. Order number(s): 68233996,
    3. Entry price: @1.3917,
    4. Take profit set: @1.3925,

    1. Position(s): Long EURUSD,
    2. Order number(s): 68238089 and 68246057,
    3. Entry price: @1.3914 and @1.3911,
    4. Take profit set: @1.3925 for both positions, same TP as well as the first one.
    1. All orders were executed by TP @1.3925,
    2. Gained +33 pips profit/ +330$/ +3.1% per capital.
    3. Screenshot:
    Attachment 10505

    Trade carefully and cheerfully

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  7. #7
    Rookie Azis Muslim's Avatar
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    Greetings

    1. Position(s): Short EURUSD,
    2. Order number(s): 68257032, 68257623, and 68258820,
    3. Entry price: @1.3928, @1.3932, and @1.3938,
    4. Take profit set: @1.3905,
    5. Profit/loss: +83 pips/ +830$/ +7.1% per capital.
    6. Screenshot:
    Attachment 10521

    As expected, market moved as my analysis. EURUSD almost hit 1.4000 and finally it has finished its previous monthly target, more than 300 pips up. As we could see when price near 1.4 area, it suddenly went down in big amount of pips. Well, I just expect another 30% correction for EURUSD then ready to go down for more.

    Attachment 10522

    And it is really make sense as a lot of trader mostly have same thinking and analysis about market. When they saw prices near its high, they will starting to cut their long positions then start going short on it. That's market logical and it is quite simple to do rather than depend on any fundamental news full of rumors.

    Trade carefully and cheerfully

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  8. #8
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    Hi! How's it going with yous strategy? It seems that euro rallied lower than everybody expected :)

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  9. #9
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    Well Aziz Muslim, I can see you are doing very well with your EURUSD. I think you have made relatively better trade among other contestants with your best success rate. Actually you are lucky by some means as EURUSD became very volatile for few days after interest decision. Good luck for the contest.

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  10. #10
    Registered user lawners1791's Avatar
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    last time i logged in with the investor mode you left the big drawdown with the EURUSD is that now cleared or you went MC that is bigger chance for me to win the 5 prize? :)

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