[cowpip]

OzFx, congratulations on finding something that works for you. You apparently have the edge that so many seek. Way to go!

If I may make one suggestion - it would be more realistic to people reading your thread if you converted your "total pips" earned into pips equivalent to the full size you are using. For example, if you are trading 7 lots and booked profits as follows:

+50 on first lot,
+100 on second lot
+150 on third lot
+200 on fourth lot
+300 on fifth lot
+400 on sixth lot
+500 on seventh lot

Since you are using 1/7th of your entire position in each scaleout:

size = 1/7

The actual total amount earned as if you held the full 7 lots to the very end would be:

(50*size) + (100*size) + (150*size) + (200 * size) + (300 * size) + (400 * size) + (500 * size)

which equals 242.8 pips of profit on 7 full lots.

Please correct me if I'm wrong, but the method you are using simply adds up all of the pip sizes of the various scale-outs (in this case, it would be: 50+100+150+200+300+400+50 0 = 1700 pips).

Stating that your total pip profits is 1700 pips sounds a lot more impressive than 242.8 pips, but it is misleading (particularly to people new to forex).

I personally have always preferred people who have computed the total pip profit or loss that is translated into equivalent full-size positions (if we know the size used). It's far more realistic.

Just a thought...