any updates? please don't let the thread die.

The Trader Behind the Trade™

this guy is telling the truth .....systems trading is looking for a free lunch...unless you keep finding newer methods to keep ahead of the curve.

How difficult is it to find an effective daytrading method?

to be honest I wouldn't touch Forex....

$100,000 or Forex Trading

incredible story .....i saw your trade explorer where it seems you have a T.P of 1 pip! is this a new strategy? I think there is a difference between short term trading and intraday which one aims for 50-100 pips reducing effect of the spread.

How difficult is it to find an effective daytrading method?

hi guys, I wanted to ask whether it's possible to set a default 2% risk based on SL on the mobile fxtrade. I am tired of continuous calculations. thanks.

OANDA Discussion

2 years is really fast if u consider the 10000hr rule.I dont know whats wrong with the trade explorer maybe coz i stopped updating,but profit factor was 2.6 All in all im still cautious going foward knowing it just may be luck. Summary Hourly Daily ...

How difficult is it to find an effective daytrading method?

I feel your skepticism I demo'd for about 2 years (longer than 95% of noobs).Tried tens of methods then found tradestar1 journal which convinced me on validity of trade with the trend.I then devised a method based on lower timeframes to trade the ...

How difficult is it to find an effective daytrading method?

its not very hard to find an edge. As most have said, you have to find a way to know whether the market is in an uptrend or downtrend from a higher timeframe perspective .then use a lower timeframe for entry - buying on dips and selling on rallies. ...

How difficult is it to find an effective daytrading method?

I sometimes trade intraday but my most profitable trades are when I hold for 24-36hrs. I find that if you go for 100 pips+ then the spread doesn't have too bad an effect.

How difficult is it to find an effective daytrading method?

this is the reality ....the best we can do is to forgive ourselves and keep pressing on.

Focus on your mistakes if you want to succeed

I usually quit for the day for that particular pair.

What if the market moves against you?

nah....during that time I had a job.I recently quit due to an abusive boss.currently looking for employment while trading.

Earning Consistently In Forex

any updates ....I find this journal to be one of the most sincere. shows how tough the game is.

Karmostaji's Journal

I'm trying to achieve a 2:1 reward/risk.the system itself is based on 5 years backtest of a simple trendfollowing model.though it is largely discretionary regarding entries and exits.so far I have been able to survive ranging market conditions. my ...

Are my 6-mth-old results statistically valid?

thanks for the links ....will have to study them more.

Are my 6-mth-old results statistically valid?

mhhhh....there is moderate correlation between the trades,I hadn't thought of that. the system relies only on T.A- the trend tends to persist belief.so far I have some close calls but no losing months so far.I can tell the system loses in ranging ...

Are my 6-mth-old results statistically valid?

actually my problem is that I think the results are too good to be true. I try to let winners run coz the system relies on about 5% of the Mega trades....otherwise it stays just around BE.

Are my 6-mth-old results statistically valid?

the results are from live trading. I stopped believing in automated backtests since my trading involves discretionary aspects that can't be coded. basically I incorporate the tried and tested rules,but I wonder if its enough for the long run...

Are my 6-mth-old results statistically valid?

I think you have done great job with your backtesting.I think you should now do a foward test to compare.if 22% is your worst expected drawdown u could commit to pull the plug off the system if it reaches there...and observe if it will recover.

Question for experienced trade system creators and theorists