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Thread: +245 pips trading sibkis one week

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    Default +245 pips trading sibkis one week

    SIBKIS system is a great system. It requires low maintenance, fast setup, and once per week monitoring!!! Moreover, it is a good winning system, making as much as 800 pips since february 2007 till August 2007, and trading only one pair, namely GBPUSD.

    The setup for sibkis is as follows:
    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 +100 pips profit, change SL to Breakeven
    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.

    for more info and live test results, you can check http://www.myfxreport.com

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    Bullish pkkmmm's Avatar
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    Quote Originally Posted by myfxreport.com View Post
    SIBKIS system is a great system. It requires low maintenance, fast setup, and once per week monitoring!!! Moreover, it is a good winning system, making as much as 800 pips since february 2007 till August 2007, and trading only one pair, namely GBPUSD.

    The setup for sibkis is as follows:
    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 +100 pips profit, change SL to Breakeven
    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.

    for more info and live test results, you can check http://www.myfxreport.com
    look good EA and Good system

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    hi,
    may post the ea here, please?

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    Bullish 24121's Avatar
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    Default

    [QUOTE=myfxreport.com;39189]SIBKIS system is a great system. It requires low maintenance, fast setup, and once per week monitoring!!! Moreover, it is a good winning system, making as much as 800 pips since february 2007 till August 2007, and trading only one pair, namely GBPUSD.

    The setup for sibkis is as follows:
    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 +100 pips profit, change SL to Breakeven
    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.

    for more info and live test results, you can check http://www.myfxreport.com[/QUOT

    Have you tried the Vantage point software? Hardly belive that exist an 80% accuracy forecasting software. If it could fulfill that expectation then everybody use it, and there were no waves on Forex charts, olnly long -long stripes.
    "Strategy without action is just dreaming, action without strategy is nightmare" Japan proverb

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    Quote Originally Posted by 24121 View Post

    Have you tried the Vantage point software? Hardly belive that exist an 80% accuracy forecasting software. If it could fulfill that expectation then everybody use it, and there were no waves on Forex charts, olnly long -long stripes.
    Unfortunately I had not the chance to try it, but it hard some good ratings about it.

    http://www.myfxreport.com/forex_killer.htm

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    Vantage Point is crap to put it lightly. Don't believe all that "neural network" buzzword hype they give you. It's just a simple MA cross system. I even had a template for the same cross that Vantage Point uses, and quite simply, it doesn't live up to the hype.
    Jafar Calley - Director
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