FOREx

Forex automated trading system, it calls Prophet1 Forex Expert Advisor. It is design for the Metatrader 4 (MT4) and to work for GBP/USD currency pair and they have good results, over 90% profitable trades, growing the balance from $1,000 to over $42,000 …see results on this link…

People who know DIBS from Forex Factory (FF) forum will say that the 'correct' way to apply DIBS is to use it on H1 chart, take profit for 50% of the position at a Reward:Risk of 1:1 and let remaining 50% of the position 'ride' with SL moved to breakeven (BE).

The reason I do not do the above (taking 50% off at 1:1 and letting remaining 50% 'ride') is because I do not have time to monitor trades. So I have decided to simply use a hard TP. And I set this TP at 'approximately 1 x ATR(40)' because ATR(40) on a H3 chart is roughly equivalent to 5 days (one trading week) of price movement. If I have applied DIBS on a H4 chart, then I will set the TP at 'approximately 1 x ATR(30)'. If it is a D1 chart, then the TP will be either 'approximately 1 x ATR(5)' or 'approximately 1 x ATR(10)'.

This is just a note to those people who disagree with my way of applying DIBS: What is important to me is that I am comfortable with a method and consistently make profit from it (or at least my version of it), not how strictly I follow it. I am not out to prove that a method 'is elegant', 'has strong edge' or whatever.