I have always wanted to be able to define what a "profitable system" is. I have spent good amount of time to think about it since there are infinite ways to make money in Forex and of course lose money as well.
I came up with the following list of criteria to be present in a system for me to believe it is a profitable system and what would interest me to invest real money.
1) The system should be back testable.
2) The system should produce similar results when backtested with multiple broker data.
3) The system should be tested on at least last 3 years of historic data.
4) Depending on the Lotsize used the per year max drawdown and Return on investment should be not less than 1:4 ratio.
I am very much interested in members sharing what you your definition of profitable system is and what all would you want to know to believe enough to be comfortably invest good chunk of your own hard earned money in it?
I came up with the following list of criteria to be present in a system for me to believe it is a profitable system and what would interest me to invest real money.
1) The system should be back testable.
2) The system should produce similar results when backtested with multiple broker data.
3) The system should be tested on at least last 3 years of historic data.
4) Depending on the Lotsize used the per year max drawdown and Return on investment should be not less than 1:4 ratio.
I am very much interested in members sharing what you your definition of profitable system is and what all would you want to know to believe enough to be comfortably invest good chunk of your own hard earned money in it?