Is it luck or what...35 trades w/o losing?

I am really new at the Forex market/ trading. I have no experience in trading of any sort. My career field is in aviation as a pilot. I want to diversify my investments and I see this as a very good way to do so. I started trading a demo acount over three weeks ago and I have executed over 35 trades without losing a single trade. I use a basic formula that I have developed nothing cosmic but it seems to work. At what point does the luck run out and I can consider it a good logical formula worth investing real money with.

Is is typical for a newbie like myself that can barely read the charts be able to execute this many trades without losing? It almost seems too good to be true. Thanks for your help.

Now that's interesting.

Only one way to find out.

I would suggest starting small and growing it slowly.

Stay in touch and keep us posted on how it goes.

Put your method to the ultimate test........go live with just enough real money to make it hurt a little when you lose. But not enough to take away from your standard living.

I decided to go live and I have continued my streak today with my live account to about 38 trades in a row without a loss

good for u...u mind share the system/parameter u trade?

Aloha, keep us posted.

Yes I would call what you are experiencing Beginners luck it really take more than that. I would caution you to keep demo trading and get a better grasp on what the charts are telling you. Learn how indicators work and go through the education forums here on Forex factory and babypips.com Good luck. and Be careful.

If it pases exam on ranging periods, or you have clue how to avoid them - I would be lot of percent sure.

At last holy grail doesen't exist. Someone have to create it

Awesome! Time to go LIVE dude!

As Dick Vitale used to say, "GET A T.O.! GET A TIME OUT, BABY!"

Let's step back before you give congratulations and ask what the risk to reward ratio is. To be honest 38 trades w/ o a loss is very doable by most people.... especially if you are only going for a few pips at a time.

HOWEVER

What about the good old stop loss? I'd like to hear a thing or two about how you manage risk.

What's your Risk to Reward ratio (TP - take profit size to SL - stop limmit size) ?

If it's close to 1:1 then you either made good decisions and you should defenitely continue trading that way and formalize a system if possible or you've been incredibly lucky so far - but that's unlikely. If it's closer to 100:1 then it's normal and eventually you might loose a lot on that single unlucky trade. This is all about statistics, you can not escape them without "the edge" - the way you decide how and when to trade which increases your chances in your favour above the statistical average.

Good luck

I wouldn't be surprised if it's 1:∞

pair, tf, and avg risk/reward?

if you took only 5 - 10 pips per trade then perhaps they were just beginner's luck

btw, if you can get another 1000 winning I will deposit my money to your managed fund :

38 trade without loss.. ermm pretty cool. Love to know your method. Care to share?

not 1000 wins but 1000 pips then i will also depost my money hehehe..

wow! 35 trades w/o loosing?..Dats good man! Even with my alligator system i lose at least one trade where i have made an error selecting the time frame.But seriously, you have a very powerful system there. Are you doing scalping technique? Keep it up and study your system deeply. You might be one of the 10% succesfull traders in the fx world. Its a sad fact 90% of traders are on the lossing side. Stay away from the 90%, believe in yourself and your system, ignore negative comments about your system and go for gold!