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‘You have to minimize your losses and try to preserve capital for those very few instances where you can make a lot in a very short period of time. What you can’t afford to do is throw away your capital on suboptimal trades.” — Richard Dennis


Attached with this article are the trading results of my 2 strategies for last week. I’ve decided to give you the details of my sure-fire strategy (Mustpha Sure-fire Strategy). If you’d read my last reports, you’d seen that I mentioned this strategy. Although this strategy has been used by me and be with me for a long time, not until recently did I start comparing it to my Itu Global Strategy. For a strategy to survive all market conditions, it must have 3 ingredients incorporated into it: aborting losers and riding winners, very low risk, and rock-solid discipline. These are the secrets of trading masters – trading success has nothing to do with your ability to predict the markets accurately. For instance, it doesn’t make sense to risk $2 in an effort to gain $20. These secrets are what make the difference between financial freedom and financial disaster – the difference between solvency and bankruptcy.

This sure-fire strategy is very good for certain reasons. It has a high probability of having more profits than losses, even without the use of trailing stop. You will always see big moves when they’re starting. Its strength lies in the fact that it makes you enter a market when the trend is strong, therefore you don’t trade a trendless market. If you miss a trading signal, another one will soon pop up. For example, you could possibly sell on AUDUSD, and later buy on the same pair and win both trades (within the same week). This strategy is very simple to use and it’ll make life easier for you. What you need to do to survive is to win 2 trades out of 7 trades. Here are the details:

Strategy name: Mustapha Sure-fire

Timeframes: 30-minute charts


Indicators: EMA and ADX (parameters would be made available free on request, soon)

Buy rule: Buy when prices close above the EMA, and the ADX is between levels 30–40.

Sell Rule: Sell when prices close below the EMA, and the ADX levels are between 30–40.

Caution: You mayn’t enter the markets if the ADX level is below 30 or above 40.

Trade order duration: 1 minute – 5 trading days.

Maximum orders per week: 30 trades

Stop loss: -60 pips from the entry price

Take profit: 180 pips from the entry price.

Trailing stop rule: Apply between 50–55 pips trailing stop when you’ve gained between 60–100 pips, and later adjust your trailing stop to any value between 70–85 pips if you’ve gained over 100 pips.

Position size: 0.01 lots per $500

Risk to reward: 1:3

Risk per trade: 1.2%

Recent performance: 20% returns in 3 weeks (without trailing stop).

Weekend rule: Close all open positions between 6.00 pm – 8.00 pm GMT on Fridays.

Looking for entries: Anytime between London Session on Monday – New York Session on Friday.

Suitability: Good for both full-time and part-time traders.

NB: While the strategy above is in no way a Holy Grail, you’ll rarely have losing weeks if you stick to its rules. A simulation record shows that we could’ve gained up to 30% in 3 weeks with the use of trailing stop. We simply let the stops or targets get hit in the past, yet we got over 20% profits; because of a nice RRR. Besides, a risk of 1.2% per trade is tolerable. So if I was trading with $100 million, I’d have gained $20 million in 3 weeks, with low risk.

Itu Global Strategy Report

Let’s face it, my Itu Global strategy is also profitable, the only weakness is that it sometimes has bad weeks (unlike my Sure-fire strategy which seldom has bad weeks). I’ll compare it against Sure-fire for the next 5 weeks. This strategy has given me a net profit of 27% in a few months. Think of it, if it were a hedge fund of $10 billion, it’d have made a profit of $2.7 billion in a few months. Wouldn’t that be better than having a drawdown of -27% on your hedge fund account? We need to stop deceiving ourselves. If you feel that 27% in a few months is too small for you, then it’s a high time you started looking for an additional source of income; otherwise you could lose your entire portfolio out of greed or desperation. While 27% of $100 looks so small, it’s definitely better than a significant drawdown.

Remember, if your risk is very low, and you give yourself a good RRR, it’d be difficult for your to have serious drawdowns. Nothing is wrong with the markets; they’ll always do what they will do. We traders are the culprits. We often fail to learn our lessons despite pains after pains, repeating the same mistakes again and again. We tend to approach the markets with wrong attitudes of mind, yet we blame the markets for our failures, broadcasting horror stories about the markets.

However, if you are determined to do the right things on the markets, congratulations! We have an exciting journey ahead of us. Welcome to the forex world – a world of financial freedom, a world of intriguing opportunities. I’ll like to conclude this article with this quote of mine:

‘A period of losses can be an unnerving event. Having a realistic expectation, while using good risk management technique may help you get through it better. But more importantly than that, you can always look forward to times when the markets conditions would be favorable to you, and you’ll be so happy that you’re trading.”

Your questions and opinions are highly welcome.

Thank you.

With best regards,

Azeez Mustapha

Forex Signals Strategist, Funds Manager &Coach


NB: There is risk of loss in trading, but it is possible to be a successful trader.

Related Posts:

  • Weekly Trade Report ((May 17 – 21, 2010)
  • Weekly Trade Report (May 10 – 14, 2010)
  • Trade Report (April 19 – 23, 2010)
  • How I Apply Risk Management
  • Tweaking Of My Strategy
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