I have manually back tested this over the month of October and made 800 + pips for that month.
Box around 3.30 - 5.30 gmt prices to get the high and low of that time period.
Use those 2 prices for trade entrys(higher price for buys lower price for sells). Every time the price penetrates that price by 2 pips open order with 50tp 25sl 20 pip set break even. Lower price is for sell orders high price for buy orders.
I know that this pair works for the last 2 months. find more pairs that are uncorrelated(or function on a different time breakout box) that the above system works for(after optimize). Group these pairs to create a diversified martingale same as suggested on the Hienke aski thread.
If a pair records a loss then next orders to open on any of those pairs starts to martingale to recover that loss.
Is this possible? Can anyone see problems with this system?