Unwabu (By edwardbernhardi)
The user has deleted this strategy.
Unwabu Discussion
Sep 05, 2012 at 11:10
859 Views
1 Replies
Member Since Jan 06, 2012
3 posts
Sep 05, 2012 at 11:24
I am so frustrated with all the get-rich-quick-schemes in the forex industry. There are so many trading robots and scalping-schemes with empty promises.
However, a STABLE and LONG-TERM equity curve is the key to financial success. I have developed this long-term trading strategy, UNWABU. Unwabu is Zulu for 'Chameleon', since I believe that this strategy has the ability to adapt to various market conditions.
Unwabu is based on SOLID MATHEMATICS and STATISTICS. It was back-tested with 12.5 years of historic data, from 2000 to mid 2012. It operates on the M30 EUR/USD chart and is a BREAKOUT STRATEGY which makes use of the relative strength index (RSI) and Bollinger Bands indicators as well as moving averages. Stop loss and take profit levels are used for each trade and are AUTOMATICALLY ADJUSTED based on the current market volatility. Effective MONEY MANAGEMENT is applied where no more than 1% of the equity is risked per trade.
On average, the system trades ONCE A DAY. Please allow FOUR simultaneous trades for best results.
However, a STABLE and LONG-TERM equity curve is the key to financial success. I have developed this long-term trading strategy, UNWABU. Unwabu is Zulu for 'Chameleon', since I believe that this strategy has the ability to adapt to various market conditions.
Unwabu is based on SOLID MATHEMATICS and STATISTICS. It was back-tested with 12.5 years of historic data, from 2000 to mid 2012. It operates on the M30 EUR/USD chart and is a BREAKOUT STRATEGY which makes use of the relative strength index (RSI) and Bollinger Bands indicators as well as moving averages. Stop loss and take profit levels are used for each trade and are AUTOMATICALLY ADJUSTED based on the current market volatility. Effective MONEY MANAGEMENT is applied where no more than 1% of the equity is risked per trade.
On average, the system trades ONCE A DAY. Please allow FOUR simultaneous trades for best results.
Member Since Jan 06, 2012
3 posts
Sep 05, 2012 at 11:24
BTW, this system is available on Tradency's Mirror Trader as 'Unwabu'.
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