Yup, I'll be asleep.

Shouldn't you do it the other way round?? Find a system that works, then use the pip results from that to figure out your risk management, then position size. Obviously tailored to your growth expectations.

I do. I've built a kind of 'perimeter' system using it. Keeps those pesky neighbours from spying!!!

Or, to put it a different way......... If you have a 1 pip trailing stop, and the price retraces by 1 pip, it will hit your stop. Unless you're planning to trade an NFP report, then the price is going to retrace more than 1 pip a lot of the time!

FXopportunist, my advice would be to get a new desk first. Is it me, or is your current one bending in the middle???

Sorry backinblack, but I completely disagree!! I'm with Liz on this one. Although it obviously depends how many trades per day your system generates. If you generally only make 1 trade per day, then how can you possibly set yourself a daily pip goal? ...

I guess she feels the same!

But on the other hand Phil, are you still dating your school sweetheart??

Almost identical answer to turbokaos.

Ladies and Gentlemen, do we have our next Mr. Booker????

Come on then Bemac, spell it out for all us 'thickies'!!!!

Hmmmm, I always thought the 1-5 pips a day system was one of the first stages for a noob???? Trading without a stop, at least 1 time in a 100 it's not gonna get past the spread into profit. Then, you'll sit there waiting for it to turn round into ...

Ademac, interesting enough question. Is there no way you can backtest your strategy to gain a larger data set?

Nothing to do with cybernetic organisms then? Shame.

Fastbusiness, That didn't take much to talk you round!! I personally used GbpJpy for the primary interest gathering pair. As for the secondary 'hedging' pair.... I think that has to be your own choice. You have to find the right compromise (for ...

Phil, Do you know if they sell a 'super orb'? Then you could use two in conjuction to follow your signals!!

Fair point fastbusiness, there was risk associated with that trade. Back onto topic then, the only 'free lunch' I know of is the multiple days interest payment as outlined by passholder here... url Theoretically possible on one of very few days ...

Hi Rob, Interesting concept. A few questions, if you wouldn't mind........ 'Most profitable' I'm presuming in $ terms, rather than pips. So the trading strategy would have to include full money management techniques, correct? Refering to 'untested ...

That's a pretty impressive record so far! Good luck with implenting your system next year.