ok everyone. i just wanna share something with you guys and im sure alot of people will be able to relate. ive been trying a billion systems..usually they failed me while backtesting them manually. ive paid for some..some were available for free on forums like this one (not to bad mouth them).
none of them worked..either they were just scams or they just werent working for me and would work for someone else. even my own strategy that worked for a few months failed me in the end because i was too inexperienced in backtesting and came up with false results that encouraged me to trade it with real money. but all those things helped me figure out what i should be looking for. i discovered that im the impatient type and id rather capitalize on smaller moves even in a sideways market than in a trending one. so i know now that i need a rather short term strategy with maybe 1 trade a day. also its good if its a set and forget system...enter the trade..set up the tp and the sl and thats it. a steady monthly pip gain to me is better for the mental state than months of 500 pips of profit followed by months of maybe 10 pips of loss. it would be good to concentrate on one pair..maybe the gbp/usd because it has the bigger moves even in a sideways market..maybe the usd/chf too for the same reasons. the time zone really doesnt matter to me because i can be online at any time. so...there are 2 reasons for this post..the first is to just get it off my chest...which ive done now..thank you..and the other reason is...i wonder how many people out there are looking for the same type of system i am looking for..or maybe have found it already and could recommend it. if there are some people out there..feel free to speak up..we could join forces and scan the net for something that would work for us. we could keep each other on track and keep each other motivated to finally come up with something. there are people who make money in this market and i dont see why we should be left out.
so what are your thoughts on this? any kind of response would be appreciated.
none of them worked..either they were just scams or they just werent working for me and would work for someone else. even my own strategy that worked for a few months failed me in the end because i was too inexperienced in backtesting and came up with false results that encouraged me to trade it with real money. but all those things helped me figure out what i should be looking for. i discovered that im the impatient type and id rather capitalize on smaller moves even in a sideways market than in a trending one. so i know now that i need a rather short term strategy with maybe 1 trade a day. also its good if its a set and forget system...enter the trade..set up the tp and the sl and thats it. a steady monthly pip gain to me is better for the mental state than months of 500 pips of profit followed by months of maybe 10 pips of loss. it would be good to concentrate on one pair..maybe the gbp/usd because it has the bigger moves even in a sideways market..maybe the usd/chf too for the same reasons. the time zone really doesnt matter to me because i can be online at any time. so...there are 2 reasons for this post..the first is to just get it off my chest...which ive done now..thank you..and the other reason is...i wonder how many people out there are looking for the same type of system i am looking for..or maybe have found it already and could recommend it. if there are some people out there..feel free to speak up..we could join forces and scan the net for something that would work for us. we could keep each other on track and keep each other motivated to finally come up with something. there are people who make money in this market and i dont see why we should be left out.
so what are your thoughts on this? any kind of response would be appreciated.