GP XF Olympic (312) Review

System: GP XF Olympic (312) Review

Description: Although the maximum theoretical number of trades per day is 100, and the maximum theoretical open trades is 100, they are pending orders so the probability of all being filled is very low. The maximum open orders (all pairs) has typically been 2 to 8 at one time, and perhaps as high as 12.

Trending System
Monthly and weekly charts used to determine trend. Daily momentum used for entry. This system places targets and stops at time or order placement. Pending orders are used for entry to ensure good spread.

Sideways System
When not trending this system is used to capture profits. Uses Weekly and Daily to determine if ranging. Uses smaller time frames to determine entries. This system is currently offline until the strong market trends weaken for a period of time.

Two lot sizes are used in the trend system
1st order is less than 2% risk
additional (2nd to 4rth) subsequent orders are less than 4% risk and have smaller targets so are more likely to close at target.

20 pairs
Stops and targets are used
Break-even is also used
Trailing stop is used.

Type of Trading: Real

Broker: Global Prime

Started: Mar 05, 2014

Views: 1540

Tracking: 11 users

Currency Pairs: AUDCAD, AUDCHF, AUDJPY, AUDNZD, AUDUSD, CADCHF, CADJPY, CHFJPY, EURAUD, EURCAD, EURCHF, EURGBP, EURJPY, EURNZD, EURUSD, GBPAUD, GBPCAD, GBPCHF, GBPJPY, GBPNZD, GBPUSD, NZDJPY, NZDUSD, USDCAD, USDCHF, USDJPY, XAUUSD

• Average win is greater than 10 pips, some I always look for

• Warning: large stop loss over 100 pips being used
• Looks like a risky system with large drawdowns.