2021-04-09 22:13:06
We are testing a new trading system, LTX (trades exclusively on gold).
The algorithm is showing extremely promising results however we will run it on a DEMO account for at least 3 months before attaching to a live account.
Strategy outline: The system uses multi timeframe price action/ level analysis, with only one indicator. In our experience many EAs using 283859 lagging indicators do not work too well .
Instead we use Heikin-Ashi charts M15,M30,H4, and trades are opened/managed based on
volume profiles and reactions at important zones. Note: market manipulation around support/resistance areas (that is frequently observed) is accounted for using a
new proprietary trading strategy with which we have seen a lot of success manually trading in the past.
Maximum drawdown: 12.5%Martingale: No
Hedged positions: yes (but only when we have floating +5% in profit).
Moving SL to entry: yes regularly to decrease the risk and secure gains.
Note: this product (if we see the results we are expecting and decide to bring to market, will initially only be available to our existing clients running LTEA.
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