The backtest above revealed that this simple moving average cross over system generated a profit of $355,638 over 198 months, or less than $1800 a month. This is hardly a "marvelously backtested super system". Of course the profits quickly exceed ...

Why exactly do EMA crossover systems not work?

Traduction : "I, the Great Nubcake, can say any nonsense I please, without backing up my childish claims with any proof of any kind. Those who want a proof or dare to question my ideas are simply morons. Whatever I say is true because I said so".

Why exactly do EMA crossover systems not work?

We dare you to show us one single profitable astrological system backtested with the same trading rules on 16 years of data on 21 different futures contracts.

Why exactly do EMA crossover systems not work?

Troikaone1, it is mathematically and statistically IMPOSSIBLE to curve-fit over 16 years of data on 21 different futures contract and with such simple trading rules! I-M-P-O-S-S-I-B-L-E, no matter how hard you try!

Why exactly do EMA crossover systems not work?

Still not convinced that it is possible to make money with a simple moving average cross-over system? Well here is a 16-year backtest on 21 different futures contracts. Test Period 1/1/1983 to 8/31/1999 $75 allowed for commissions and slippage. One ...

Why exactly do EMA crossover systems not work?

Exactly. The Forex market is simply THE best trending market (that's why banks and financial institutions love it), followed by all the interest-rate instruments, such as T-bond, T-note, Eurodollar (not the currency pair), etc...

Why exactly do EMA crossover systems not work?

Who told you that ?!? On the contrary, even though they are part of the "lagging indicators" family, moving average crossover systems DO work. Backtest them with all the futures contracts available and all the major currency pairs and you will ...

Why exactly do EMA crossover systems not work?

It's amazing to see that some people (whose idea of argumentation is simply to insult) cannot grasp the true meaning of a few concepts beyond a simple reading in the first degree. Anyway, enough said, we are already way off topic.

How do I make millions trading Forex?

Hi Puppypippy, On average and according to your own backtest, what is the risk/reward ratio of the 1 2 3 pattern? And what is the failure rate of this pattern, in percentage? Thanks.

SECRET Trading System

Yesterday you wrote and I quote : "have you considered the possibility that a professional trader would never reach a 50% drawdown" Well I just reminded you that our friend the all mighty S&P 500 (as well as the Nasdaq) experienced MORE than a 50% ...

How do I make millions trading Forex?

1zach4, please reread the original question, here it is again : "Can it be done within a year ". You wrote : "it just takes time...". Sure, but just remember that in the long run we are all dead.

How do I make millions trading Forex?

Good post Moneymaker2, but please note that hedge funds are not the only game in town, far from it, a good managed Forex (or Futures) account could do wonders for the typical, average trader's portfolio as well. But beware, some of these Managed ...

How do I make millions trading Forex?

Oh I see, thanks for the info Brisvagus, they say you learn everyday

SECRET Trading System

The footy? You mean the footsie (FTSE 100), the famous British index on the London Stock Exchange?

SECRET Trading System

True. Except that the S&P 500 (the benchmark of every serious fund manager on the planet) produced a compound annual grow rate (CAGR) of less than 9% during the last 23 years, hardly a stellar performance compared to some of the top fund managers. ...

How do I make millions trading Forex?

Well investors are not stupid either, with the internet they can now push a few buttons and shop around for the money managers who consistently generate the best return on investment, or alpha. And if they discover that hedge fund X has been ...

How do I make millions trading Forex?

The same pattern is also clearly visible on the 4h chart. Personally I bought the GBP/USD at 1.6180 this morning, +140 pips so far

SECRET Trading System

You forgot just one thing: To keep the customer happy the hedge fund manager MUST deliver or else he is going to lose all his customer base in a heartbeat. So the hedge fund manager must be an expert and at least beat the S&P 500 (granted, not an ...

How do I make millions trading Forex?

Nubcake, you might consider taking a few aspirins and getting some rest.

How do I make millions trading Forex?

If a trader could consistently double his money each year, his Forex broker would notice and soon he would have Soros, Warren Buffet, Bill Gates, the CEO of every major bank and just about every hedge fund in the world (not to mention his own ...

How do I make millions trading Forex?