Big Ben Strategy

[tradingforex24]

Opening-range breakout techniques have long been favorites of intra day stock index traders. A similar technique can be used in the currency market to capitalize on price moves in the British pound. The
BIG BEN STRATEGY is a well known strategy. It is a day-trading technique that takes advantage of the shift from trading from one market center to another in the 24-hour forex trading environment.

The strategy is designed to capture the first directional intra day move that often occurs within the first few hours after the European market opening. The strategy works best with the GBP/USD.

The logic behind the BIG BEN STRATEGY is the GBP/USD tends to have lower trading volume outside European trading hours because the majority of GBP/USD spot deals are worked through U.K. and European dealers.


There are many different trading rules out here for the BIG BEN STRATEGY I am trading this strategy as follow:

If all the trading conditions are met, then I place 1 trade per day. I will buy or sell the GBP/USD at market price at 06:30 London Time with a take profit of 35 pips and stop loss of 40 pips.

When the trade is with 20 pips in profit I move the stop loss to the break even.

Sometimes I will change my opinion during the trade and I close the trade before hit take profit. It will usually happen if the market isn't developing as I expected and the charts show me that the trade lost its power.

I start trading off with risk of 3% of my total capital on any opening trade.

To see the performance please visit: http://www.mt4i.com/users/fxtc01

To subscribe to my strategy please visit:


http://www.rentasignal.com/de/signal/view/32301


http://www.gfsignals.com/forex-trading-strategy/BigBen_9


http://www.zulutrade.com/TradeHistoryIndividual.aspx?pid=24802


http://www.zipsignals.com/zsResults.swf?client_id=100934


Stay always updated with the trading rules and Money Management for the
BIG BEN STRATEGY and sign up for my Newsletter here: http://eepurl.com/bPYzT



To your success!

Uwe Berberich
contact@tradingforex24.com

 

[tradingforex24]

You have to be prepared that there will be weeks or even months where we make nothing, or even we will loss. But my live trading since September 2010 and the backtest since January 09 (see below) show that the most moths we end in profit. And if there a losing month, don't worry the profits are much higher.

Important: If you have a losing month, keep trading the same strategy and you will earn back what you have lost and more. If you stop trading and jump to a other strategy then you have lost your money forever. Be a businessman and a Forex Trader and not a gambler.

A famous Forex Trader teached me that.

Have a great day

Uwe

 

[tradingforex24]

Just so that you are aware, the week between Christmas and New Year
normally suffers from low volume and unusual volatility.

It's nothing out of the ordinary - it always happens at this time of the year.

Although I will continue to trade the Big Ben Strategy account as normal,
I just wanted to let you know that users who are not risk-tolerant should stop until
Tuesday, January 4th.

This will avoid wide potential market swings from affecting your own
account.

Happy Holidays

Uwe

 

[tradingforex24]

December was the first month with a small loss of 20 pips. Witch represents 2,39% loss of the account (providing we risk 3% per trade).

But the overall profit is 40%. http://www.mt4i.com/users/fxtc01/stats

As for the future trading, there’s no change. December results only means that the markets in December were not behaving normally, not that the system is no longer working.

The BIG BEN STRATEGY is normal trading system, it is not a holy grail that is profitable 100% times. We need to be prepared that there will be 1, 2 or even 3 losing months every year. As long as the rest of the months are profitable, it is still a lot of edge to make money on.

A psychological help for people who have problem coping with losses – I think about my losses not as the money I lost, but as money I lend to the market. It has to return back to me, and much more.​

 

[tradingforex24]

The week was not so good we can feel already the holiday season. We had only 2 valid set up. The market is very slow and no movement at all!

The first week in January was again not profitable for us we are still in a loss period.

Weekly summary:

4 trades, 0 profit, 2 loss, 2 breakeven.

We lost this week 80 Pips/ 2.14% loss.

I have decided to trade a different Money Management method. I trade now the Supreme Money Management. Just go and download the e-book http://tradingforex24.com/gratis-download/

Have a great weekend and a good next week

Uwe

 

[tradingforex24]

Big Ben Strategy Performance May 2011

BIG BEN STRATEGY

The May was a very difficult month we had only 9 valid Trade and I am really happy to close this month with only a small loss of 1.56%.

My total gain now after 261 days trading this strategy is 71.6%.

I'll keep trading with 2% risk.

I bought a Forex Tester Software and I made some backtest of the Big Ben Strategy. It is very easy to make this backtest, because I am using only 2 indicators to make the decision of my Trades. I have just finished the year 2009. I know historical backtest is not a guarantee for future profit, but I like strategies simple and smart, and I belief what was good in the past it will work as well in the future.


My statement at:http://www.mt4i.com/users/fxtc01

If you want to trade with me just visit:

Zulu Trade: http://www.zulutrade.com/TradeHistoryIndividual.aspx?pid=24802

Zip Signals: http://www.zipsignals.com/zsResults.swf?client_id=100934

Rent a Signal: http://www.rentasignal.com/signal/view/32301