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SIBKIS System

 

The Sibkis system has been around at Strategybuilderfx.com. This system has been rated 5 stars. However no extensive forward testing was done to this system. Starting February 2007 we will be trading this system and posting the results over here. This system is a low maintenance system as it requires putting the order on Tuesday, and then watching the prices throughout the week. As we are trading Hans123 everyday, it would be very easy to follow Sibkis for us.

We have done some fine tunning to this system.

     
SIBKIS Weekly Order Position Status Results

Rules

1 - As with the other system have Mondays off.

2 - Start of tuesday put a 110 pips block on the chart for the week (easier to see as on the attached chart.

3 - set up a buy and sell at the breakout points.

4 - When one triggers the other becomes the stop loss (so 110 pips)

5 - Add a reverse in case the first trade fails.

6 - Once the trade is running leave it alone and let it do its thing until Friday evening and close.

7 - Remember if the reverse trade triggers you will need to set a 110 pips stop on this.
 

8- Once in 100 pips profit, you can change SL to breakeven. (We are not applying this rule)

Intervention :

Apart from setting the original triggers, adding the reverse trade and adding the new stop if required the only intervention I make is when there is important US data (NFP etc) on a Friday, when this is happening at say 3pm, I cancel the original stop loss at 2.50 and set a stop 30 pips away from the current market price to guard against any large reversal.
(We are not applying this rule either)

 

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2008
Profit/Loss Pip Counter
(2007 Results +4478 pips)

PIP COUNTER

FOZZY

+ 0 Pips

Start Date: Feb 12th 2008

PIP COUNTER

SIBKIS

+0 Pips

Start Date: Feb 12th 2008

PIP COUNTER

HANS123

+0 Pips

Start Date: Feb 12th 2008

PIP COUNTER

DAILY20PIPS

+0 Pips

Start Date: Feb 12th 2008

 

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(C) Copyright 2007 by myfxreport.com
Disclaimer: Trading Forex is very risky. You should only trade what you can afford to lose. Daily and past results indicated on this website, although real, does not indicate future results. All the information here are for modeling purpose. We do not hold any responsibility for any losses incurred for trading or using the information on this site