Forex Trading Strategy Hedge Hog GBP CHF - forex trader from home

Forex Trading Strategy Hedge Hog GBP CHF ~ forex trader from home

This is known Hedge Hog strategy but with diffrent currency pair, diffrent set up, incredibly high returns and drawdown, but i think it is really worth a look.

Here is what to do:
Every day at 24:00 GMT go to your account and put on Hedge Transaction on GBP/CHF or with open price at current level.
Set Take Profit: 20 pips
Set Stop Loss: 450 pips
for both transactions (LONG and SHORT)

I made back tests for last 3 years and this are the results:
leverage 1:10 (starting capital 10 000$, lot size 1 lot)
3 pip spread included in results
system shows average 13,37% monthly return
largest drawdown is 4 100$ which is about 41% of starting capital
Maximum loss in single trade -284 pips


I know that drawdown and maximum loss are very disappointing they are quite high, so you may want to decrease leverage from 1:10 to 1:5 drawdown will be then much more acceptable, but ofcourse avg. return will be only 7% monthly.

If you are interested then go ahead and try this system out with a demo account.
As always email me for spreadsheet with backtest results.
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CBR has no intention to change structure of forex reserves Ignatiev - forex trading home business

CBR has no intention to change structure of forex reserves Ignatiev ~ forex trading home business

Russia’s Central Bank has no intention of changing the structure of the foreign exchange component of its gold and foreign exchange reserves.

“That component is diversified well enough,” CBR President Sergei Ignatiev told the international banking congress in St. Petersburg on Thursday.

The dollar component constitutes half of the foreign exchange reserves and the euro component, 40 percent. The other currencies are the British pound and the Japanese yen, the latter accounting for less than one percent of the reserves.

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SAFE lifts forex quotas - forex trading home office

SAFE lifts forex quotas ~ forex trading home office

China will scrap quota restrictions on how much foreign exchange domestic companies can buy to finance their overseas investments, the latest move in a string of measures to relax the countrys forex controls.

Under the new rules, which will take effect on July 1, domestic companies will be allowed to use their own foreign exchange holdings, buy foreign currency from regulators or borrow from both overseas or domestic lenders to invest abroad, the State Administration of Foreign Exchange (SAFE) said in a statement posted on its website yesterday.

Overseas investments refer to companies setting up subsidiaries, mergers and acquisitions, the foreign exchange regulator said.

"The policy revisions will help companies go abroad strategies and meet their increasing demand for conducting overseas investments," it said in the statement.

"The move is not surprising and is in line with the countrys changing forex management policy," said Li Yongsen, an economist with the Renmin University of China, referring to the countrys new policy of encouraging households and businesses to hold more foreign exchange.

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