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The Daily 20 Pip System
The daily 20 pip system is a simple system, very simple indeed,
and is based mainly on putting one order a day for the GBPUSD
currecny pair. The order is placed in the morning namely at
before 6:00 am GMT, and has an expiry time of 5:00 pm GMT. The
take profit is always 20 pips away from the entry price, and
stop loss is 30 pips away.
The entry price is determined according a
signal generator found on the website of daily20pip, however
since the signal generator gives 2 orders, a filter is used to
limit it to one order only, and thus increase the hit rate of
the system.
This system has been tested for 6 months live
now at the site of the creator of the system, and thus we will
also start testing this system here too, live forward testing,
as we do with other systems. ORDERS
& RESULTS WILL BE POSTED ON DAILY BASIS.
By choosing from the sub-menu below, you can
view all required information:
The filter is actually a 34EMA, which is an
average filter line for the GBPUSD. Previous day's Open High Low
Close is used to get the signal for next day.
For more information about this system you
can view the creator's
website.
Previous results of system tested for the
period Dec 2006 till May 2007, brought around +730 pips with
small drawdown, and profit averaging at around +120 pips
per month.
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