Welcome to Weekly Pips! On this page you will find a simple but working trading system for the Forex market.
The best thing first: It's free!
To give you an overview about this system: It's based on weekly charts. All you have to do is to get the triggers from this page (or compute it by yourself) and enter them every weekend for the following week. You don't have to watch the charts during the week!
Please take a look into the forums to get the precise details for this system.
Just in short terms the overall performance since beginning of 2004 until july 2007 (using 5 different pairs):
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Performance: +13,176 Pips Max Drawdown: -1,721 Pips Trades total: 543 Winners: 302 Losers: 241 Average win: +164 Pips Average loss: -123 Pips |
Please note: As you can see, this isn't the holy grail. It has a success rate of about 50% but the winners are higher than the losers.
As this system is profitable it might produce some ugly drawdowns. Be prepared to have a drawdown up to 3.000 pips and keep your positions small!
Important Disclaimer: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. Any opinions, news, research, analyses, prices, or other information contained on this website is provided as general market commentary, and does not constitute investment advice. Weeklypips.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.