Caution is my middle name!

Auslanco - GBP/JPY and GBP/USD (newstrade)

No surprises so slow out of the gate, but may gain momentum. When it does start moving, won't be one you want to fade.

Auslanco - GBP/JPY and GBP/USD (newstrade)

Doable but not perfect. But may be all you need.

how to create a system without using API ? :)

Any wins you have with this type of system will be temporary.

Playing the Double-Up Game?

By that rule set you would only be looking for longs anytime between the start of the data up until nowon E/U. It's too bad there isn't more data on that page - would have helped to have some more observations. If you find the midpoint on the ...

Trading against the majority

How about this question: If brokering is such a sure-thing for making profits, then why are so many FX dealers going under?

If 95% of traders fail.....

masterfx, I've been trading for over 10 years and have found that studying why I made money has been much more powerful to my development than studying why I lost money. It is easier to focus on something that works and practice doing it over and ...

Why do 95% of traders lose?

As much fun as these threads can be, the answer is that it doesn't matter. What matters is what it takes to get into the 5%.

Why do 95% of traders lose?

Based on that, virtually all the Market Wizards were failures too.

long-run profits impossible with short-term trading?

Add to that a KILLER trading system and you're right on! There are really two camps. The people who focus on trying to prove that it can't be done, and the people who focus on doing it. In the end the latter camp is the only one that has the ...

trading systems vs account size

I'm with you up to this point. I disagree. All trading systems are not of equal value. Not by a long shot. And a losing system is not of equal value with a winning system. I don't see how you can lump them in together unless you make the assumption ...

trading systems vs account size

In the end it comes down to whether using a trailing stop improves or diminishes on your system or method's performance. Does it help you control risk, increase profits, decrease losses etc. And to figure that out you have to test, observe, and ...

To Trailing Stop or Not To Trailing Stop....

Question: What should I base my system on? Answer: There are a few fundamental concepts that I think any good system should take into account. The concepts that I have found to be most valuable are support and resistance, trend, breakouts, and ...

One Way to Develop a Winning System

Question: Could you please tell me how to properly backtest my trading strategy? Answer: The answer to this question really boils down to what you’re trying to accomplish and the type of strategy you are attempting to develop. If you are developing ...

One Way to Develop a Winning System

Questions — I received some questions via PM and email that I’d like to answer here. Question: What is expectancy? Answer: Expectancy is a mathematical formula that can be stated as follows: Expectancy = Average Win * Win% - (Average Loss * ...

One Way to Develop a Winning System

Step 7 — Step 7 Forward Testing - the Reality Check: Now that we have evaluated our system to ensure that it meets our profit and loss expectations, meets the criteria of consistency, and can be coded for our broker’s platform, we should delve ...

One Way to Develop a Winning System

Step 6 (continued) Eliminating the Drag — Drag-Free Position Sizing: My own preference is to think in terms of equity plateaus. In the example if reaching $20,000 were a plateau, you would NEVER reduce trade size once you have increased your ...

One Way to Develop a Winning System

Step 6 (continued) Identifying Drag — Identifying Lot Sizing Drag With the Fixed Dollar Amount of Equity Method: One common and popular theory on lot sizing is that it should be tied directly to changes in equity. The basic principle is that ...

One Way to Develop a Winning System

Step 6 — Step 6: Pair a money management strategy with our core trading system to enhance overall system performance without that bad aftertaste: As this step states, our aim is to add a set of money management rules to our core strategy that ...

One Way to Develop a Winning System

Step 5: Evaluate the System (continued) — Profit and Loss Expectations: Initially when we started developing our system, we had some profit and loss expectations about what our ideal system will produce. As system development progresses, those ...

One Way to Develop a Winning System