We developed a simple contrarian FX system "Millionaire No.1" to earn money steadily with FX

I'd like to introduce a newly developed simple contrarian FX system called “Millionaire No.1.”

AUD/CAD pair where contrarian trading is effective

The advantage of system trading is that you can win from the start because you trade according to patterns analyzed from past price movements.

In FX, trend-following is often effective, but for the AUD/CAD pair, the two economies’ similarities often lead to frequent back-and-forth movements that repeat over time.

Therefore, a system of buying when oversold and selling when overbought was created“Millionaire No.1”.

How strong is Millionaire No.1?

Backtesting results for Millionaire No.1 show a smooth, steadily rising equity curve.

There should be no large drawdowns, so it can be operated with peace of mind. Since the profit per trade is relatively large, you don’t need to worry much about spreads.

Backtests have been running since 2006, with 1,775 trades and a Profit Factor (PF) of 2.22, which I believe provides statistically reliable results.

Trading examples

Long entry after a 50 pips drop → close after a 44 pips rise 90 minutes later

Short after a 70 pips rise → close after a 42 pips retracement 105 minutes later

Long entry when the downward move strengthens → rapid price recovery, 40 pips profit

Parameters are simple and easy for anyone to operate.

Trade lot size

Stop loss: 500 pips — positions are closed after a certain period, so no hard stop loss is required.

Take profit: infinite (set to 5000 pips)

The logic is a secret, but it is simple and universal, so there is no risk of overfitting.

Forward testing is also published in real time, so if you’re interested, please take a look ^^;

I plan to raise the price once a certain number of units are sold, so purchasing sooner is advantageous.