668pips in 15days – too good to be true? :)

I have always enjoyed experimenting with my trading skills and strategies. Somehow it always happened that I merge skills from one strategy into another. This is exactly what I did in my experiment. I have been DEMO trading USDCHF pair for some while and I have been able to acquire some nice profits. But it has a catch. USDCHF has been trading for a while in a range so I have been able to catch on one pair fair amount of trade opportunities. As I have said it was only demo since i am still testing this strategy which is combination of VFI strategy I trade on M1 and T3 strategy which I trade on H1. I have entered the trade on 50% retracement of previous W or M leg with pending order. I have entered with three positions and I was exiting partially on 100, 161.8 and 261.8 fib levels. Every single time I have exited position I have moved my ongoing positions on the previous level of my SL. So for example. If you look at the picture my first trade happened at level 1.0746 and I was going LONG targeting with my first position 100%(W neckline). Once this level was hit my initial SL (on two positions remaining) was moved to the level of entry at 1.0746. From now on no risk is involved on my side and I am expecting the hit of 161.8. This level was hit as well and my last third position was moved on the 100level. So far I have been able to gain about 90pips with one last position waiting for 261.8 hit. This last TP wasn’t hit since the rapid price reversal. So my last position was hit on stop-loss order at 100level with secure profit of 28pips. All together one trade: 120pips. With initial risk of about 60pips all together. This risk was eliminated very soon with moving my SL at the level of break even.

As you can see. W and M patterns are patterns with high probability. Fib. levels are good for experiment but in live trading it is not enough. They have to be adjusted around levels of previous S/R. I am gonna carry on with this experimental trading for next two or three months. If I am able to gain 2000pips in three months I will be happy to merge this strategy with simple T3 trading and move on separate LIVE account.