For the first time since I started dabbling with Forex, I've got a plan which seems to be working, based 's 00 Level Trading.

I have refined it over the previous 6 months but for the previous 3 months it's been bringing in consistent pips.

Quote Originally Posted by ;
THE ONLY EXPENSES You'll EVER HAVE, IS THAT WHEN WE EVER MEET, YOU PAY FOR A COFFEE
, if everything goes to plan I owe you more coffee than you can ever drink.

Thanks also go to Nasap, , Luxing, Robinho, Yelena and lots of others who've contributed to the thread along with Hanover.

However, going back into my own plan, there are two variations. Over the previous 3 months and they performing as follows: -

1. Version 1 is averaging about 98 using a win rate of approximately 75 percent averaging 20.
2. Version 2 is averaging about 134 pips/day but only has a win rate of about 66% averaging about 32 trades/day.

The only difference between the two variations is that there's an extra filter on variant 1 that, as well as filtering out a lot of bad trades also filters out some good trades.

Both variants have a R :R of 1:1 (less spread - there's not any commission because I'm UK based and using a spread betting account) and that I use the SleepTight ea to lock some pips.

My gut feeling says the 130 pips/day is much better as it is producing more pips. . .and more pips is good.

However, I can't help feeling that, over the long run, the variant using a high win rate might be the safer way to go (less draw down maybe).

Does anyone have any guie about which way to go?