Good afternoon,
I am quite newish (10months) to Forex and was wondering if I have really wrong expectations of my introductory system.
My question:
If I have demo tested my strategy for 2 months and back tested that for the previous 4 months so now on demo testing for 7th month. Is a strategy that is profitable for 6+ consecutive months have a chance of being successful in the long term? I do have a very wary mindset but it looks to have potential. Am I wrong to be conservatively hopeful?
I have read in a couple of places that 2-6months should be taken to test a system before even thinking of trying to go for a real account?
I would appreciate the thoughts of anyone who has views on this
Kind regards
I am quite newish (10months) to Forex and was wondering if I have really wrong expectations of my introductory system.
My question:
If I have demo tested my strategy for 2 months and back tested that for the previous 4 months so now on demo testing for 7th month. Is a strategy that is profitable for 6+ consecutive months have a chance of being successful in the long term? I do have a very wary mindset but it looks to have potential. Am I wrong to be conservatively hopeful?
I have read in a couple of places that 2-6months should be taken to test a system before even thinking of trying to go for a real account?
I would appreciate the thoughts of anyone who has views on this
Kind regards