DislikedParis:
I believe there were a few folks here that did go over a year or so of charts but only looked at the 'main' signals such as bounces off the 21 for a TC signal, etc. You may have to scroll through the thread or repost thi is a few days so enough people can see it. I remember reading that post(s) but can't put my finger on who did the backtest. There is a year's worth (2007) of 4hr and 1hr charts in pdf format on the website with the indicators plotted on them that you can download and print out, that might help a little.
There are certain people that only trade certain pairs so they may be able to chime in on those. This method is solid but it takes some time to recognize the high probability setups. I did have a trade, a bounce off the 89, that gave me 866 pips after a few weeks so I'm kind of biases as to 'yes you can make 300 pips a month' with this method.
On thing to remember is that this is a 4 hour method and it can take some time (a few days) for things to set up correctly for a trade. The patience and discipline to wait for this to happen MUST be part of you trading plan.
I've been absorbing Phillip's 5min system for the past several weeks and plan to be back here (like I was) in June. But, even with the 5min system the patience factor still has to be there as far as waiting for the correct set-up.
Hope some of this helps...Ignored
This is a personal question you don't have to answer if you want, but do you think you could have made more pips using the 5min strategy than the 4h?
Which of them do you think has higher probability.
Sorry to ask this.
. Still it can work, or maybe not ...
