1.7 Strategy
WARNING: Please remember forex can be a high risk investment. You can loose some / all of your money and you should always only invest money you are able to live without.
Also, I cant take credit for this amazing strategy, that goes to an amazing person that goes by "Jazeon" (BIG thanks Jazeon :)
Below are details of my current strategy, however i have used many strategies such as...
pipstep 21 pisptep 11 take profit 4, 11, 20, trailing stop loss lot mult 1.00, 1.01. 1.05. 1.25, 1.50
and many pair comobos
... all have made profit, all have been in high drawdown at some point, all needed some manual intervention at some point. i'm only mentioning this as i dont believe there is a simple set and forget "best" titan settings for constant profit with no risk so please bear this in mind when potentially using any of my settings and please be sure to either backtest or play around on demo accounts before using real money on any new strategy and wait until some big trends on multiple pairs to access how safe any strategy is. And lastly, I feel with titan its best to have a 10 step forward 1 step back mindset, sometimes it will be the best strategy to nuke trades at a loss on purpose to reduce risk or to ensure you can get back in the game faster and keep profits rolling
*** MOST IMPORTANT PART OF THE STRATEGY ***
By far the most important part of the titan strategy is having enough pips of risk on the risk calc. I know someone recently who had great settings but could only "survive" around 80 pips on the risk calc, and thus a few big trends blew the acccount. I've played with 300 to 500 risk, i personally feel 350+ is a must, and maybe even 400-500 level.
*** Current settings - those with a ? after are still being tested as they might be "too safe"
lot mult: 1.7
pipstep type: fixed
pipstep 38 (however i use pipstep 50 on the risk calc because with "signal for entries" set to "all trades" and the charts being on the 1 hour the average distance has been closer to 50 in reality)
max levels: 10 (we will do more but this is just to stop titan doing trade 11, we will control after trade 10)
signal for entries: All trades (very important)
minimum time between trades: 1 hour
yoga start: 25%of the balance - ? this might be too low testing still
yoga stop: 1 less than yoga start
lipo and amp: off - ? amp will be on but testing the point to bail
take profit: 20
use spread filter: true
maximum allowed spread: false
also very important, the charts should be set to the 1 hour time frame, this and signal for entries set to all trades means titan will place trades mainly at support and resistance zones, so even though we set the pipstep to 38, it could be 39, or 80 pips, this places trades as zones more likely to react / rebound
Pairs i'm using
NZDUSD
EURGBP
AUDNZD
USDCAD
GBPAUD
GBPCAD
EURNZD
EURCAD
NZDCAD
GBPNZD
if you cant use all the pairs due to the risk calc, use them in order of these above, eg use NZDUSD, then EURGBP etc
Risk calc
On this strategy we use 10 pairs, all using 0.01 starting lot per 30,000 balance eg if you had 60,000 the starting lot would be 0.02 each, 90,000 then 0.03 each - if you're compounding, only increase the starting lot when you've added another 30,000
You can also use 0.01 per 20,000 for a bit more risk / more income, or 0.01 per 25,000.
After trade 10 or high DD
if a pair does trade 10, and we've set titan to max of 10 trades, if your DD is low i would set max trade to 12 and keep a note of which one you edited so once it wins you can set it back to 10, if DD is high, you can change the chart to the 4 hour, and increase the pipstep to 50 - another option to get out of the trend faster IF you have enough DD would be to take lot mult from 1.7 to 2 - most of the time this strategy can be left to run on its own and just daily checking mt4/mt5 is working and titan is loaded ok etc, but sometimes manual intervention will be needed. You could also decide not to make any other trades and let things calm down, or keep the lot multiple, or lower it and set the pipste much higher etc, lots of options if/when needed.
How this strategy "feels"?
the most enjoyable strategy was when i was using lot mult 1.00 on pipstep 21, because this allowed for big starting lots so there was nice profit rolling in most of the time, that was, until multiple big trends that didnt rebound enough to hit take profit happened, resulting in many weeks stuck in yoga mode earning nothing. this lot mult 1.05 strategy earns the majority of the profits on a big trend that then rebounds a little, which doesnt happen all the time so it can feel very underwhelming and then out the blue, an amazing day that more than makes up for the slower days. this strategy should get 10-15% a month, my target is an average of 0.6% a day, which will allow me to x4 a balance in 1 year, some days i might get 0.2 and the odd day 1.8% etc
Screenshot of one of my accounts - red lines are very important areas, but of course please check every setting ;)
good luck with your forex profits :)
Also, I cant take credit for this amazing strategy, that goes to an amazing person that goes by "Jazeon" (BIG thanks Jazeon :)
Below are details of my current strategy, however i have used many strategies such as...
pipstep 21 pisptep 11 take profit 4, 11, 20, trailing stop loss lot mult 1.00, 1.01. 1.05. 1.25, 1.50
and many pair comobos
... all have made profit, all have been in high drawdown at some point, all needed some manual intervention at some point. i'm only mentioning this as i dont believe there is a simple set and forget "best" titan settings for constant profit with no risk so please bear this in mind when potentially using any of my settings and please be sure to either backtest or play around on demo accounts before using real money on any new strategy and wait until some big trends on multiple pairs to access how safe any strategy is. And lastly, I feel with titan its best to have a 10 step forward 1 step back mindset, sometimes it will be the best strategy to nuke trades at a loss on purpose to reduce risk or to ensure you can get back in the game faster and keep profits rolling
*** MOST IMPORTANT PART OF THE STRATEGY ***
By far the most important part of the titan strategy is having enough pips of risk on the risk calc. I know someone recently who had great settings but could only "survive" around 80 pips on the risk calc, and thus a few big trends blew the acccount. I've played with 300 to 500 risk, i personally feel 350+ is a must, and maybe even 400-500 level.
*** Current settings - those with a ? after are still being tested as they might be "too safe"
lot mult: 1.7
pipstep type: fixed
pipstep 38 (however i use pipstep 50 on the risk calc because with "signal for entries" set to "all trades" and the charts being on the 1 hour the average distance has been closer to 50 in reality)
max levels: 10 (we will do more but this is just to stop titan doing trade 11, we will control after trade 10)
signal for entries: All trades (very important)
minimum time between trades: 1 hour
yoga start: 25%of the balance - ? this might be too low testing still
yoga stop: 1 less than yoga start
lipo and amp: off - ? amp will be on but testing the point to bail
take profit: 20
use spread filter: true
maximum allowed spread: false
also very important, the charts should be set to the 1 hour time frame, this and signal for entries set to all trades means titan will place trades mainly at support and resistance zones, so even though we set the pipstep to 38, it could be 39, or 80 pips, this places trades as zones more likely to react / rebound
Pairs i'm using
NZDUSD
EURGBP
AUDNZD
USDCAD
GBPAUD
GBPCAD
EURNZD
EURCAD
NZDCAD
GBPNZD
if you cant use all the pairs due to the risk calc, use them in order of these above, eg use NZDUSD, then EURGBP etc
Risk calc
On this strategy we use 10 pairs, all using 0.01 starting lot per 30,000 balance eg if you had 60,000 the starting lot would be 0.02 each, 90,000 then 0.03 each - if you're compounding, only increase the starting lot when you've added another 30,000
You can also use 0.01 per 20,000 for a bit more risk / more income, or 0.01 per 25,000.
After trade 10 or high DD
if a pair does trade 10, and we've set titan to max of 10 trades, if your DD is low i would set max trade to 12 and keep a note of which one you edited so once it wins you can set it back to 10, if DD is high, you can change the chart to the 4 hour, and increase the pipstep to 50 - another option to get out of the trend faster IF you have enough DD would be to take lot mult from 1.7 to 2 - most of the time this strategy can be left to run on its own and just daily checking mt4/mt5 is working and titan is loaded ok etc, but sometimes manual intervention will be needed. You could also decide not to make any other trades and let things calm down, or keep the lot multiple, or lower it and set the pipste much higher etc, lots of options if/when needed.
How this strategy "feels"?
the most enjoyable strategy was when i was using lot mult 1.00 on pipstep 21, because this allowed for big starting lots so there was nice profit rolling in most of the time, that was, until multiple big trends that didnt rebound enough to hit take profit happened, resulting in many weeks stuck in yoga mode earning nothing. this lot mult 1.05 strategy earns the majority of the profits on a big trend that then rebounds a little, which doesnt happen all the time so it can feel very underwhelming and then out the blue, an amazing day that more than makes up for the slower days. this strategy should get 10-15% a month, my target is an average of 0.6% a day, which will allow me to x4 a balance in 1 year, some days i might get 0.2 and the odd day 1.8% etc
Screenshot of one of my accounts - red lines are very important areas, but of course please check every setting ;)
good luck with your forex profits :)