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Forex Trading: Incorporating Price Behavior into a Forex Trading System 4 replies
Forex Deconstruction System (A Mr. Mark So inspired system) 13 replies
Traders Bible > ArtVor 2 replies
Would you trade this system? New system #2. 10 replies
DislikedI am just curious NZDUSD have high spread but you seemed to be successful trading the pair so far, what is your experience so far?Ignored
DislikedAs I was back testing this system by Exking following all rules on EU 5M from Feb 8 - June 8, 2011 only trading from london open till london close. If we follow the system blindly, entering every signal, the system makes profit but only about 5-10% a month after spread. Anyone have any ideas how to filter bad signals or how to keep holding on a winning trade? I also tried trading only the AAA trades (as Exking described the most powerful ones are everything goes to same direction in 1 bar) and skip the ones with 2 bars. Results are not as good...Ignored
DislikedHi johnjwong,
Thanks for sharing your results,
You're right, the system is not so profitable if traded blindly, I think no system is. I said it's profitable even if traded blindly, I don't recommend to trade any system blindly, TrendLines and other things are important in almost every system. If you trade it in real time with regard to TL's and Pivots, ... the result is much better. In my opinion if a system is profitable in back-testing it's much better in real time and it's worth to give a shot.
About the filtering bad trades and recognizing good...Ignored