Won 45 Pips, No Losses
Second week of March won 45 pips. This is the 6th week in a row with zero losses.
Trading system has been successfully used throughout the 6 weeks beginning Feb first week.
Using this trading system:
One-Pip Range Trading Strategy
It is still too early to say with any certainty that this is a full-proof system however, judging from the success so far, I would attribute the success of this system to its purely mechanical trading characteristic.
Without any system, I would base my trading on emotion - eg, when I see a price go my direction, I increase the TP line instead of closing it after it has gathered a 1-pip profit. Also basing on emotion, if I see the price going the wrong way, I would close it quickly instead of allowing it to run all the way to my pre-determined SL line.
With a Trading System, after a position has been opened, I totally leave the screen alone - and refrain from looking at it. I just let my Forex Alerter system alert me once the TP or SL line is hit.
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