Lindencourt FX System - 5 months without lose

**synergy** · 05-13-2010 12:34 AM

I would like to share with you a system that is receiving high praise in another forum where one of the forumer had said that since he started trading with this system, he has not encounter loses for 5 months, and still counting.

Code:

www.lindencourt.net

You can find the mentioned statement in the link provided in the website above.

Obviously, there are doubts, but you can read all about it in the same thread there.

I have gotten the system from someone, and mulri has reminded me about it, before I actually start to test drive it. I found that this system is well documented and a sound foundamental. As long as you follow the simple rules CLOSELY and you will be able to make green pips consistently. I have tried it for about 2 weeks and able to double a $1000 demo less than a week, and make another demo account of 5000 grow $3000.

The system consist 2 strategy. One is a day trade, and it is available on the site for free download. The other one is swing trade, was on the site for sale @GBP 99, no longer available except for his consulting clients.

Code:

http://www.4shared.com/file/gmzmLabf/Lindencourt_FX.html

Kudos appreciated.

UPDATE 05-21-2010

I have made some addition to the LC-b-Clock to display the system rules. You just need to replace the LC-b-clock with this indicator and you will be reminded with the rules whenever you look at the graph. After you load this indicator to your graph, you can update the template and this will ensure that you will get the indicator to display the rules every time.

Code:

http://www.4shared.com/file/9Iaz2uDj/LC_-_Rules_with_Clock.html

UPDATE 05-29-2010

Coded by atto, a signal indicator which will show arrows when all conditions are met. Please understand the system rules before utilizing the signal indicator as the indicator will still show buy on this candle and the next candle changed direction (if you turn on the repeat option).

Code:

http://www.4shared.com/file/0HB4oKE_/LC_Signal.html

UPDATE 05-31-2010

Coded by san1111, the signal indicator that has alerts - sound, email and pop up when all conditions are met.

Code:

http://www.4sh@red.com/file/UyqSMQjL/LCSignal_wAlert.htm

UPDATE 06-03-2010
Coded by Daysey, this is an improvement of indicator from san1111, instead of multiple instance of alert, it only alert once.

Code:

http://www.4shared.com/file/H2_gWpU3/LCSignal_wAlert.html

**steve_xxtrader** · 05-13-2010 12:57 AM

Thank
I heard of this one if I am not mistaken you need to be up for the London open to work ?
I am always fast alsleep then with the rest if the normal world lol..
steve

**Skygod** · 05-13-2010 01:59 AM

London open is 9am here, almost civilised

I will have a look, thanks for sharing!

**noone22** · 05-13-2010 02:34 AM

Thanks!
I've heard somewhere, that this system does really working.
Will see.

**cazador** · 05-13-2010 04:38 AM

noo here london open is 3 am east :-(

**joeytrader** · 05-13-2010 09:38 AM

Originally Posted by synergy

...
I have tried it for about 2 weeks and able to double a $1000 demo less than a week, and make another demo account of 5000 grow $3000.

....

Thanks for share, synergy.

May I ask, which of the systems did you run your demo test on? (a) The basic, (b) the MX, or (c) the Daily method? Or all three of them?

And also which currency pairs gave you such good results? And is it polite to ask, what % risk per trade?

**thesecret** · 05-13-2010 10:36 AM

Well, i tried this system shared before in strategy simulator and system had much losers...

**synergy** · 05-13-2010 10:57 AM

I am using the basic method.

To be frank, I don't stick to a specific currency pair as the author of the system stated that this system is suitable for any pair. So what I do is just browse thru all the currency pairs listed, loaded one after another to see if any of them meets the requirement and fire the trade. However, at any given time, I don't have more than 2 active trades running.

Most of the time, I just open the trade with TP and SL set at the pivot SR level and than leave it running. Admit that I do have loses, but winning are more than losing thus the result.

In a day, I am targetting to open maximum 6 trades, whether losing or winning. As long as I make my target at the end of the week, I am okay. This works well.

Originally Posted by joeytrader

Thanks for share, synergy.

May I ask, which of the systems did you run your demo test on? (a) The basic, (b) the MX, or (c) the Daily method? Or all three of them?

And also which currency pairs gave you such good results? And is it polite to ask, what % risk per trade?

**synergy** · 05-13-2010 11:03 AM

I don't babysit the computer. Normally I only look at the screen during London session, and also not infront of the screen all the time. If you try to take all the trade that is meeting the entry criteria, I would agree that this system will produce a lot of losing trade. There are trades that should not be taken eventhough meeting all the criteria.

Take for example, a buy trade that meets all the criteria, but the CCI is heading south, eventhough is above 0 level, should not be taken.

Originally Posted by thesecret

Well, i tried this system shared before in strategy simulator and system had much losers...

**joeytrader** · 05-13-2010 11:12 AM

Originally Posted by synergy

I am using the basic method.

To be frank, I don't stick to a specific currency pair as the author of the system stated that this system is suitable for any pair. So what I do is just browse thru all the currency pairs listed, loaded one after another to see if any of them meets the requirement and fire the trade. However, at any given time, I don't have more than 2 active trades running.

Most of the time, I just open the trade with TP and SL set at the pivot SR level and than leave it running. Admit that I do have loses, but winning are more than losing thus the result.

In a day, I am targetting to open maximum 6 trades, whether losing or winning. As long as I make my target at the end of the week, I am okay. This works well.

Cool, thanks. That is very impressive.

So at maximum of (6 trades) x (5 days) = (30 trades a week), in order to double or almost double the account, each trade must have returned, net of any loss, more than 3% gain per trade. If I may assume using the recommended 2% risk per trade, that means over 3 to 2 reward-to-risk ratio (net of the losses). That is very good.