It is with great trepidation that I write this e-mail as I know there are many here who will crucify me when I describe my findings for the system I have created.
I have been lurking in this forum for 6+ years and have been reading and researching forex systems for 6+ years. I've tried a LOT of systems and lost 5K before I realized that there must be a connection between the trader and his/her system in terms of R/R as well as how often the trader can trade. The trader must feel completely at ease with the system.
The other real barrier that I've had to overcome (still working through it) is confidence in a system, especially when you're putting hard earned dollars on the table. I've toyed with Ea's in order to help me side step the confidence issue but EA's still need to be monitored as the market can change and there is always the possiblity that the EA screws up some how.
Like many of you, I work full time and have family responsibilities so finding the time to trade was a problem. The other problem that some of you may have faced is that we usually trade or venture through this adventure by ourselves so there isn't really much support except for forums like this.
I've been under some real pressure lately to give up my job because it is affecting my health (long commute) and so I've spent the last period of "sick time" from work really buckling down and working on some ideas I've had from tracking the things I've learned along the way.
Before I give some information on my system I want to say that I have never stopped believing that I would be able to make money doing this some day. I never stopped thinking about trading and read as much as I could.
So I was looking to develop a system where I could set a position and then forget about it as I didn't have the time to wait around for the perfect set ups. The time frame was important as it allows the trade to develop without getting caught up in the noise of price action.
How much could I afford (monetarily and psychologically) to lose while not getting too greedy?
I came up with a relatively modest system, generating 180 pips a month with a maximum allowable DD of 16%. I backtested (by hand) the system using 485 (to date) weeks of Alpari UK data. I was astonsihed (backtested the system 3 times) at the winning percentage of the system. There were 3 weeks out of the 485 weeks where I ended the week down. One week ended down 27 pips, one week ended down 34 pips and one week ended down 222 pips -16%.
With a 3K acct the system generates 6% a month with a 99% winning average over almost 10 years.
I know what you're thinking, I thought the same and that's why I retested and retested the system.
Ok, so why don't I just trade it myself and become the richest man in the world??? Because I have a small acct (1K) and I'm almost 50 years old and I want to quit work now. I want things to change within the next six months I don't want to drag my ass and work in a place I hate.
Why don't I borrow the money? Have any of you tried to convince your wife (who has seen you lose 5K already) to borrow money for something like this? I want to be rich but I love my wife more.
Before you start flaming me and demanding proof or demanding I share this with you I want to say that this isn't something I am willing to share. I am looking for investors who would be interested in a very safe and profitable investment vehicle.
I have thought about how I could prove this to the community but any information related to the system would give info away that could be used to reverse engineer it because of its simplicity. I know I'm sounding a little paranoid but this is the real thing. I wouldn't waste my time or face the barrage that I know is coming if I didn't think it was worth it.
Perhaps I'll be ridiculed and driven from the forum but I maintain that this is for real and it's worth taking the chance. I may be able to secure one investor who would be able to report back to the community. If not, then I will move on.
Thanks.
I have been lurking in this forum for 6+ years and have been reading and researching forex systems for 6+ years. I've tried a LOT of systems and lost 5K before I realized that there must be a connection between the trader and his/her system in terms of R/R as well as how often the trader can trade. The trader must feel completely at ease with the system.
The other real barrier that I've had to overcome (still working through it) is confidence in a system, especially when you're putting hard earned dollars on the table. I've toyed with Ea's in order to help me side step the confidence issue but EA's still need to be monitored as the market can change and there is always the possiblity that the EA screws up some how.
Like many of you, I work full time and have family responsibilities so finding the time to trade was a problem. The other problem that some of you may have faced is that we usually trade or venture through this adventure by ourselves so there isn't really much support except for forums like this.
I've been under some real pressure lately to give up my job because it is affecting my health (long commute) and so I've spent the last period of "sick time" from work really buckling down and working on some ideas I've had from tracking the things I've learned along the way.
Before I give some information on my system I want to say that I have never stopped believing that I would be able to make money doing this some day. I never stopped thinking about trading and read as much as I could.
So I was looking to develop a system where I could set a position and then forget about it as I didn't have the time to wait around for the perfect set ups. The time frame was important as it allows the trade to develop without getting caught up in the noise of price action.
How much could I afford (monetarily and psychologically) to lose while not getting too greedy?
I came up with a relatively modest system, generating 180 pips a month with a maximum allowable DD of 16%. I backtested (by hand) the system using 485 (to date) weeks of Alpari UK data. I was astonsihed (backtested the system 3 times) at the winning percentage of the system. There were 3 weeks out of the 485 weeks where I ended the week down. One week ended down 27 pips, one week ended down 34 pips and one week ended down 222 pips -16%.
With a 3K acct the system generates 6% a month with a 99% winning average over almost 10 years.
I know what you're thinking, I thought the same and that's why I retested and retested the system.
Ok, so why don't I just trade it myself and become the richest man in the world??? Because I have a small acct (1K) and I'm almost 50 years old and I want to quit work now. I want things to change within the next six months I don't want to drag my ass and work in a place I hate.
Why don't I borrow the money? Have any of you tried to convince your wife (who has seen you lose 5K already) to borrow money for something like this? I want to be rich but I love my wife more.
Before you start flaming me and demanding proof or demanding I share this with you I want to say that this isn't something I am willing to share. I am looking for investors who would be interested in a very safe and profitable investment vehicle.
I have thought about how I could prove this to the community but any information related to the system would give info away that could be used to reverse engineer it because of its simplicity. I know I'm sounding a little paranoid but this is the real thing. I wouldn't waste my time or face the barrage that I know is coming if I didn't think it was worth it.
Perhaps I'll be ridiculed and driven from the forum but I maintain that this is for real and it's worth taking the chance. I may be able to secure one investor who would be able to report back to the community. If not, then I will move on.
Thanks.