GPS (260 points) Forex Trades Review
Attached a screen shot of GPS forex 25 trades from 28 Sep 2011 to 23 Jan 2012
GPS forex trades primary EURUSD currency.
More then half of the trades are trigger during 2200hrs to 0200 hrs GMT. There is an increase of lot size from 0.12 to 0.15 on 05 Oct 2011, therefore showing the money management is in place.
All wins trades profit take from 3 to 7 pips. And looking at all the trades trigger is Buy, probably the trend strategy is following a trending SMA daily chart to trigger and capture small minutes profits. Duration of trades majority closed within 15 minutes to 60 minutes.
No stoploss is posted. Therefore am suggesting a stoploss of 60 to 80 pips base on the above.
The S3 scores remains at 260 points. No further review required for now.
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