So how do you measure these things? Is a system with a 15% return with a 1% drawdown better than a system with a 100% return with a 20% drawdown? What do you do for in sample versus out of sample testing? How much data do you use? What program do ...

Overly Complex Coding and Trading Systems.

I am trying to illustrate the point that the number of pips you make/lose is not really all that relevant. It depends on your position size as to how much money you will lose - this is the important thing not the number of pips. Simon

Ouch!!!!!!!!!!!200 pip stops hurt!

I agree entirely! The number of pips that you win/lose is irrelevant! The % of your account is what it important. I would rather lose 200 pips which was 2% of my account than 20 pips that was 10% of my account. Simon

Ouch!!!!!!!!!!!200 pip stops hurt!

I have about $100k with Oanda and about $200k with FXCM. Also about $30k with Refco - hopefully will get that back! Simon

Maximum amount you would keep with your broker?

Hmmm.....this is just bizaar! Have you actually thought about what it is that causes the gaps in your charts and why your charts have different gaps to other data providers? Lets assume that your chart is displaying bid data. The price will move on ...

JohnFX's Price Magnets

This is exactly the same as: Put a buy stop at 120 and a sell stop at 80. This way you only need 1 account and you don't pay the spread twice. Simon

The Barak Hedging Method 1

Try Wealth-Lab Developer (www.wealth-lab.com) and get data from dataHQ (www.forex.datahq.com.au). This is the combination that I use. Simon

Best Overall Charting Package

If you have got a plan for what you are doing, why are you on the forum asking what you should do to get out of your positions? Simon

A challenge for you

I'm with you Merlin. I don't beleive it can be done until I see someone post a broker statement that makes at least 265% in 20 days (which is what 5% per day compounded is) with a minimum of 5% per day. Until I see the proof, I don't believe it. ...

5% per day is achievable

In fact, come to think of it, you should get out of all your positions, work out a system that you are going to use, and then start trading again. Don't just blindly put positions on. If you want to do that, let me know and I will pass on my bank ...

A challenge for you

Simple, sell your loses and hold on to your winners. Simon

A challenge for you

Hmm. Not so sure about that. I like the saying: 'If the only way you could die was to be struck by lightning then you would die by being struck by lightning'. If you trade long enough, you will lose all of your money! If the only way you are going ...

Fooled by randomness

I am sorry, but what does this have to do with anything? Simon

Censorship on Oanda Forum

I disagree with this because it doesn't take into account risk. Your risk per trade is far more important than the amount of leverage that you use. In fact, the amount of leverage you use is irrelevant in my opinion. Lets say that you have $1,000 in ...

Average system + great discipline =great results?

Nader, What you describe is pyramiding and not the same thing that was initially discussed. You comments on pyramiding are certainly very valid though. Doubling up as described originally here is based on this idea: bet 1 on black and lose bet 2 on ...

Doubling up method or playing casino

1 weeks results are completely irrelevant. If you expect to find a signal service that won't have losing weeks or losing months then save yourself a bunch of time and stop looking now. Simon

best trade alerts

I have been checking out DeusFX for the last couple of weeks - still don't have a firm opinion but I did a prelim check on quite a few before I decided to do a detailed look at these guys. Simon

best trade alerts

Why not just be flat the market and place limits instead - it will do the same thing except you won't pay the spread twice. Simon

Hedging strategies

This is not the same thing as doubling your next position AFTER your position has been closed out. What you are talking about is averaging down. Simon

Doubling up method or playing casino

The other thing that you will need to consider is what effect trading some one elses money will have on your psychology. You also need to consider how you will feel about losing other peoples money and having to answer their calls asking 'How did ...

Trading other people's money