THE BIG BEN STRATEGY

[tradingforex24]

BIG BEN STRATEGY

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 stop loss or 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.

Here you can the my statement: MT Intelligence | BIG BEN STRATEGY

To sign up to the BIG BEN STRATEGY visit: ZIP SIGNALS

Please feel free to contact me if you need more information.


To your success!

Uwe
contact@tradingforex24.com

 

[tradingforex24]

BIG BEN STRATEGY

We had a good week!

Weekly summary:

4 trades, 3 profit, 1 loss, - breakeven.

The week ended with 53 pips profit.

To your success

Uwe

Please don't hesitate to contact me if you have any question about my BIG BEN Strategy.


Uwe
contact@tradingforex24.com


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

 

[tradingforex24]

BIG BEN STRATEGY

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!

Weekly summary:

2 trades, 0 profit, 1 loss, 1 breakeven.

17th I closed the trade before after a 4 hour up and down only a view pips. And I was happy I did because 2 hours later the market went down..

We lost this week 38,9 Pips. But we are still + 92
.
With 3% risk per trade our overall profit is 8,76%.

Have a great weekend and a good next week

Uwe

 

[tradingforex24]

BIG BEN STRATEGY

My fellow Follower,

Trading hours during Christmas season:


Thursday 23rd and Friday 24th December I'm not trading.

From Monday 27th to Thursday 30th December I will place order if we have trade set ups. But please keep in mind the market is very slow during this time and I expect not a lot of trade opportunities.

Friday 31st December I'm not trading.

From Monday 3rd January 2011 I start normal trading.


I wish you and your family a Merry Christmas and a Happy New Year.

And all for us a lot of pips in 2011

Thank you for your confidence!

Uwe

 

[tradingforex24]

BIG BEN STRATEGY

My fellow Follower,

Today we have no trade set up.

Have a great day

Uwe

 

[tradingforex24]

BIG BEN STRATEGY

Yesterday I got an funny message from one of my subscriber:

“You have destroyed mu account and I will destroy you as my signal provider forever. Thank you for this consecutive set of losses, after first losses I tried to defend my account by increasing the lot number, but you kept lossing. This is a warning to other traders....BTW I do not see big difference in overall performance between you and free daily 30 pips signals on the net.....very very dissapointing.... “

First when I wrote that, I was shocked because of two things what he wrote:

• You have destroyed mu account
  
  
• I tried to defend my account by increasing the lot number,

How a Forex Trader can write something like this, and does a good Forex Trader increase the lot size after a loss? I don't think it is a Forex Trader, I belief he is a gambler.

And this message was sent to me because he trade the Big Ben Strategy or should I say he is gambling with single trades.

I am trading this strategy since 106 days. I have a total return of 44,06%, profit factor 1,88. I took 54 trades, 33 winners and only 13 losers. I started trading with an account of 5,000$ now in my account is 7,202.85$. MT Intelligence - Statement for fxtc01

And do you know why I have this because I am exactly following my rules and I stick 100% to my Money Management rules.

For sure everybody wrote already “95% of the private traders a losing their money in the Forex Market”, but even people who are following a profitable strategy losing their money and do you know why?

Because they look to the performance page and they look for the result of the strategy. After they find one and they are satisfied they start to trade.

What can happen now e.g.

1. trade profit. Happy.
2.3.4. trade loss. Unhappy

Lost a lot money, the provider is bad, going back to the performance page and looking for a other signal provider and start trading with a new provider and then start the same over and over again.

This type of people are not Forex Trader, no they are gambler and they are on the wrong place. Better for them to go to the casino.

Forex is a business we are not gambling here. There is no Holy Grail out there and every strategy has his consecutive sets of losses, but to be protected of loss you as a follower of a strategy has to stick as well to the rules like the provider and the most important factor is your personal Money Management and everything will be good.

There is no business in the whole world where you always win. The most import is what we have ad the end of the year.

I am a business man and a Forex Trader and I belong to the 5%.

So please don't make that mistake. If you can not trade by your own then look for a good provider and stick with him in good days and in bad days, because at the end you belong as well to the 5% and not to the 95%.

Thank you

Uwe

 

[tradingforex24]

BIG BEN STRATEGY

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]

BIG BEN STRATEGY

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]

BIG BEN STRATEGY

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%. MT Intelligence | Statement

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]

BIG BEN STRATEGY

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 Money Management

Have a great weekend and a good next week

Uwe

 

[tradingforex24]

BIG BEN STRATEGY

Wow what a good performance we had in February 2011.

We had 13 trades which gave us a profit of 653 $ (13,07%).

My total gain now after 174 days trading this strategy is 58,35%.

I'll keep trading with 2% risk.

My statement at MT Intelligence | States BIG BEN

If you want to trade with me just visit: Zip Signals


To your success

Uwe

Please don't hesitate to contact me if you have any question about my BIG BEN Strategy.


Uwe
contact@tradingforex24.com


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

 

[tradingforex24]

My personal success ladder

The best trade sizing approach is where the system:

• decreases the position sizing in a losing streak
  
• and increases the position sizing in a winning streak

This is often referred to as the anti-Martingale system.

By achieving the above goals my trading account is protected in a losing streak as I am risking and losing smaller amounts. In a winning streak my trading account will increase as my deal sizing increases making my winners produce more.

The question is then:

• What is a winning streak or a losing streak?
  
• How much should I increase my position sizing?

For me a winning streak is any time I have gained 10 times the amount I risk per trade. A losing streak is where I have lost 10 times the amount I risk per trade.

If I start trading with $ 1.000 in my account and risk 1% ($10) on each deal:

When I have increased my trading account by 10% or to $ 1.100 (10 times the risk of 1%), I increase my position sizing to 1.5% of the original account balance ($1.000). Should my account balance reach +25% (10% + 10 times risk of 1.5%) I increase the position size to 2% of the original account balance. And so on. So for each increase in the account equal to 10 x the amount risked, I increase the position by 0.5%. This allows me to continuously increase the position sizes with unlimited of the upside.

However when my account goes below the level it was before the increases mentioned above (below $1.100), I continue trading at the increased level (1.5%) until the previous level has been reached ($1.000). So in my above example once the percentage risked goes to 1.5% when the account is over $ 1.100, I continue trading with the risk of 1.5% until my account balance goes back to $ 1.000 where I will use the 1% again.

By using the above principles I can apply a success ladder approach to my trading account balance so that I can fully benefit from successful streaks and be protected in losing streaks.

Here you can get a FREE MT4 indicator to calculate the proper lot size very quickly before you open a new position based on stop loss and risk percentage.

http://tiny.ly/Wud4



To your success,

Uwe

 

[tradingforex24]

BIG BEN STRATEGY

Because of the Easter Holiday we had only 9 trades in April and we closed the month with a small loss of 1.77%.

My total gain now after 232 days trading this strategy is 73.16%.

I'll keep trading with 2% risk.

My statement at MT Intelligence | States BIG BEN

If you want to trade with me just visit: Zip Signals

 

[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.

Just contact me if you want to have the backtest.

My statement at MT Intelligence | States BIG BEN

If you want to trade with me just visit: Zip Signals

 

[traderforce]

Good resources

visit the websites below thanks

www.forexdoji.com
www.forexstats.net
www.forexorders.net
www.easypips.net