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Forex Intraday Risk Management Strategy (FIRMS) now available.

On June 20th, we implemented a new intraday risk management trade strategy called Forex Intraday Risk Management Strategy or FIRMS. This strategy utilizes data from technical indicators, harmonic patterns, candle patterns and algorithm technology to identify highly probable trade opportunities. Our backtesting results from March – May 31 on EURJPY, AUDJPY and USDJPY had the following results:

March: 18 wins 1 loss
April had 17 wins, 0 losses
May had 22 wins and 0 losses.

Below are the actual trading results of live trading in our Live Active Forex Trading Room (utilizing this strategy only) since June 20th:

JULY 9TH 14:15 GMT EURUSD SELL 1.2835(+3.82% GAIN)
JULY 5TH 12:33 GMT EURUSD SELL 1.2942 (+2.39% GAIN)
JULY 1ST 15:30 GMT EURJPY BUY 130.23 ($99.747.70 +6.64% GAIN )
JUNE 27th 15:15 GMT GBPUSD SELL 1.5234 (+0.60% GAIN)
JUNE 25TH 15:15 GMT USDJPY BUY 97.93 (+1.26% GAIN)
JUNE 21ST 14:45 GMT EURJPY SELL 128.02(+1.73% GAIN)
JUNE 21ST 23:07 GMT USDJPY SELL 97.05 (+1.63% GAIN)
JUNE 20TH 10:23 GMT EURJPY BUY 129.00 (+4.27% GAIN).

NEW: MyFXBook.com Performance and results

Click here to view MyFXBook statement of results.

 

We are inviting everyone to trade this strategy LIVE with us in our Live Trading Room. See here for a very special offer to join our service.

  • Posted by adminfx
  • On July 3, 2013
  • 2 Comments
  • 0 likes

2 Comments

Dave
Hello there, I just have one addition iquiry about your FIRMS trades, are these trades separate to the trading room trade alerts ? or part of the trade calls occures in the room ? Are the risk per these trade similar to the other trade calls ? or since they have higher successful rate risk is much more ? Please clarify the above issue, Many thanks, Dave
    terifx
    Great questions Dave. These trades are included as part of the trade calls in the room. These trades use a highly selective criteria so although there are not many of these trades, they are highly probably and historically successful. Yes the risk taken on these trades are higher due to the high success rate.

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Foreign Exchange market (FX, Forex) is very speculative in nature, involves considerable risk and is not appropriate for all investors. Therefore, before deciding to participate in off-exchange Foreign Exchange trading/Forex, you should carefully consider your investment objectives, level of experience and risk appetite. Investors should only use risk or surplus capital when trading Forex because there is always the risk of substantial loss. Most importantly, do not invest money you cannot afford to lose. Any mention of past performance is not indicative of future results. Account access, trade executions and system response may be adversely affected by market conditions, quote delays, system performance and other factors.

Commodity Futures Trading Commission: Futures, Options and foreign currency trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the Forex/futures and options markets. Don’t trade with money you can’t afford to lose. This is neither a solicitation nor an offer to Buy/Sell Forex/futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results.

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