How about we all go with forexwoman's suggestion: backtest several months. Take all the trades exactly according to Speiler's rules (and his updates).
It's funny that Billbss and Daytrading both have strong opinions...and both believe they are right. Does it matter who is right?
All that matters to me is if i make money consistently at the end of the week,month, year.
IS it about who is right/who is wrong..how about we just test and figure out the long run positive expectancy then use practical application and make money.
This thread can be extremely powerful. Everyone back test a different month. Use the same entry/exit rules. Report your results in Excel and post them to the forum. I respect people's opinion, but truthfully people on this forum should be trying to add value. Speiler has added value... Swingman has added value...The one way I know we all can do that is by testing. I'm not so sure we all add value by posting our opinions. Post data.
Billbss, no disrespect here. I have followed your posts in a few threads and I think highly of your remarks. It's nothing personal, I just want to get somewhere, take steps forward. I'll be back testing January and February of this year. If you guys want to participate, awesome.
Graham
It's funny that Billbss and Daytrading both have strong opinions...and both believe they are right. Does it matter who is right?
All that matters to me is if i make money consistently at the end of the week,month, year.
IS it about who is right/who is wrong..how about we just test and figure out the long run positive expectancy then use practical application and make money.
This thread can be extremely powerful. Everyone back test a different month. Use the same entry/exit rules. Report your results in Excel and post them to the forum. I respect people's opinion, but truthfully people on this forum should be trying to add value. Speiler has added value... Swingman has added value...The one way I know we all can do that is by testing. I'm not so sure we all add value by posting our opinions. Post data.
Billbss, no disrespect here. I have followed your posts in a few threads and I think highly of your remarks. It's nothing personal, I just want to get somewhere, take steps forward. I'll be back testing January and February of this year. If you guys want to participate, awesome.
Graham