So, make a system that has a 100% per year compounded return per year. It could have a win/loss of 25%, 55% or 75% the result at the end of the year is the same. Doesn't matter if it only has 1 winning week in 4 or every week is a winner. Simon

Let's make a tournament - right here

I didn't mention anything about returns - I believe that the job of a trader is to follow a trading strategy. The returns will be what they will be. Simon

Let's make a tournament - right here

Sorry qweet but I disagree that we should be focussed on making every trade a profit. I would go so far as to suggest that you have a problem accepting losing trades. Losing trades are a necessary part of trading and need to be embraced just as much ...

Let's make a tournament - right here

If you are using a fixed % risk position sizing model then your new positionsizes will be 50% large and you will make 50% more money in each trade then you did previously. Simon

What to do with profit money?

Franz, I hvae tried to set up a free trial to access your room as per your invitation a couple of times now and haven't had a response from anyone - any clues on how I can get this set up as I am interested in taking a look. Simon

5% per day is achievable

It really depends on how much money you are talking about and what that money means to you. If you only have a $10k account and you made $5k for the year and you have a job, there really isn't any point in spending that money because if you do, then ...

What to do with profit money?

You can trade with Oanda 24/7 - they just widen their spreads over weekends/holidays to reflect that additional risk they take on due to low liquidity. Means you can get out if you want to. Not sure you would be able to effectively trade though. ...

The Forex Market NEVER actually closes

No, but a good system to get you a good body can. Simon

Trading Systems

I think the thing that I like about 100% mechanical trading is that it doesn't rely on my skill as a trader. I am pretty hopeless at making decisions about when to buy/sell but I find it very easy to follow a 100% mechanical system. This means that ...

Trading Systems

I am not sure about trading systems for sale, but I certainly believe that you can have a 100% mechanical trading system that works. I guess it depends how you define successful really. Simon

Trading Systems

Hardly surprising considering what the USDJPY has done over the last few months. It has been in a nice uptrend throughout this time. I think you need to be wary about making assumptions on such a short sample interval. I have just run a quick scan ...

Interest

If you want to learn how to make a 100% mechanical backtestabel trading system then read "Trading Systems that work" by Stridsman. Simon

Reading......and reading.......

Who cares why it went up?!?! If price goes up - buy, if price goes down - sell. Simple really. Simon

Sources for FOMC interest rate information

You can get all the data you want from Olsen data. Simon

FX data in text format

This is not the same thing! You are after: ROC = SMA(x)/SMA(x)14 bars ago *100 You can easily do this in Wealth-Lab or Metastock but I doubt you would be able to do it on a free charting package. Simon

MA Momentum

I never can understand this logic - if your system is so great why don't you trade it and make squillions from it? What if I developed a trading system that produced say 5% consistently per month. I traded it for a few months and it worked just as ...

Forex tipsters?

John, Are you going to tell us anymore about your scalping - can you give us the trades that you have taken and an insight into why? Thanks Simon

JohnFX's Price Magnets

John, Your original signal price was 1709 wasn't it? Why have you edited your posting? If you are going to change your entry target that isn't a problem but don't edit your postings, just put another one on. Simon

JohnFX's Price Magnets

Thought I would add some data to this discussion. Attached is a chart which shows the drawdown in $ that you would get after 30 losing trades with both MM methods. You will see that the 1st strategy has a much larger drawdown after 30 trades - $4500 ...

Two diff MM same result?