hi all,
i'm new to both this forum and to the fx trading arena as well. so hope you experienced traders will give me some views or suggestions.
thanks in advance~!!!
i was testing a simple system that traded only the cable. the stoploss levels were not fixed but TP to SL ratios was about 3:1 most of the time.
however, using a 10k notional amount there was little improvement in equity. it more or less simply fluctuated around 10k sometimes pushing to 15k but comes back. so now... the details:
trade size: 4 times current equity( calculated after each trade for new trade size, so was 40,000 units to start with)
test period: from 15th July 2007 to 9th Jan 2009. so that is about 1yr 6mths
trade holding period: min a few hrs, max 5 days
if trade size was increased to 10 times equity, the 10k will balloon to 570k but i think that is not the issue here.
because the recent volatility will most likely be the exception rather than the norm, i think if i start trading it live, my PNL will most likely be stagnant.
i am testing on 1 hr charts using FXCM's demo platform so i cannot test days earlier than july 2007.
i would appreciate suggestions on MM, entries, exits... everything...
i'm a learner!
thanks again!
not skilled so hope i can get the pictures in...
i'm new to both this forum and to the fx trading arena as well. so hope you experienced traders will give me some views or suggestions.
thanks in advance~!!!
i was testing a simple system that traded only the cable. the stoploss levels were not fixed but TP to SL ratios was about 3:1 most of the time.
however, using a 10k notional amount there was little improvement in equity. it more or less simply fluctuated around 10k sometimes pushing to 15k but comes back. so now... the details:
trade size: 4 times current equity( calculated after each trade for new trade size, so was 40,000 units to start with)
test period: from 15th July 2007 to 9th Jan 2009. so that is about 1yr 6mths
trade holding period: min a few hrs, max 5 days
if trade size was increased to 10 times equity, the 10k will balloon to 570k but i think that is not the issue here.
because the recent volatility will most likely be the exception rather than the norm, i think if i start trading it live, my PNL will most likely be stagnant.
i am testing on 1 hr charts using FXCM's demo platform so i cannot test days earlier than july 2007.
i would appreciate suggestions on MM, entries, exits... everything...
i'm a learner!
thanks again!
not skilled so hope i can get the pictures in...