D8L2 Forex Trading System’s Strategies Hit 200% Profit
- Thursday, February 26, 2009, 14:58
- Forex Trading
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Marcos Fernandez was fifth in SureFire Trading Challenge, but his Forex trading system has performed very well too! His Live accounts on Oanda and VT Trader gained more than 200% profit in one month. Marcos mentioned that his system named D8L2 can be used trading Forex market on any Forex broker’s trading platform until you can use the tools he used.
He began to trade on Forex Market 3 years ago and during these years he has tested a lot of different trading strategies with real money and have had both positive and negative results. Six months ago he defined his trading edge. He focuses his attention mainly on day trading (he watches trading charts constantly during the main trading session) and the currency pairs that have the highest volatility.
The strategies are based on range breakouts or previous bar breakouts. All trade executions are based on Limit (Entry) orders. Swing Trades can be applied using these strategies but only if breakeven positions have been reached previously. Bullish and Bearish engulfing candlestick patterns can be also taken into account. Lot Size: 2% - 5% of equity balance.
So, Marcos’ D8L2 trading system usually trades GBPUSD and EURUSD currency pairs on 30 minutes and Daily charts and he uses these indicators:
- Daily Pivot Points Levels;
- Stochastic (8,3,3);
- EMA(50);
- Andrews Pitchfork.
And he got good results. You can check his results trading D8L2 system at SureFire Trading Challenge.
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