Test2222

my name is Chigozi Nwofor from Nigeria,

Hi all and welcome to the 95PIPS strategy.

Before we start I urge you to paper trade any new strategy including this one before committing any of yourown funds.

Also bear in mind that this system is by no means new and may look familiar to some of you. I am simply passing it on from my predecessors/mentors in the hope that it adds to your existingtrading arsenal and increases your trading results.

The basis of this system is VERY simple and has proven to be profitable, though I am adjusting the money management/profit targets. So resultsfor this revised version will be realised on this thread. I must also emphasise the well known phrase that "past performance is no guarantee of future returns".

That being said, let us proceed withthe strategy.

OVERVIEW:
This is a pure "set and forget" system where trades are placed at the same time everyday. The option is also there for those inclined to monitor their positions to adjuststop levels as profit targets are reached. Please note that there is currently an Expert Advisor being developed that automates the trading of this strategy, thus keeping to the set and forgetobjective. Please click on the paperclip at the top right hand side of the screen to find the current versions. For those new to using Expert Advisors you will need a broker that uses an MT4 platform such asNorth Finance, IBFX, ODL, FXDD to name a few. For instruction on installing EA's go to: http://www.halcyonfx.com/howtoinstall.htm

By setting multiple profit targets we are exercising moneymanagement, while aiming for 95pips profit from a 50pip move in price.
We will simply be placing orders 5pips above the previous days HIGH and 5pips below the previous days LOW.(Actually, it's more like theprevious 17hrs at 5pm EST.)
Use a 30pip stop loss for all orders.
Orders are placed on Monday, Tuesday, Wednesday, Thursday and Friday.

EXECUTION:

1.) At 5pm EST open the 1hr chart (2hrs b4...