Have you done any backtesting on this system? It certainly sounds like you've thought it through, but any system can make money for a short period. I'd like to know how it does in other (longer term) scenarios.
If you use Meta Trader 4, it comes with a programming language (MQL) that you can use to program your Expert Advisor. You give it a chart, the conditions to look for (i.e. your trading rules) and then it will automatically place the trades for you based on the rules. It will also back-test for you to tell you if your system would have been profitable or not.
ok thanks, I'll see if I can use it. Right now I am in love with Tradestaion II of FXCM. They are making me happy with all my accounts. I have them plenty
If you want to type up your rules in a more formal way (entry, exit, stop loss, etc) I can write the EA for it and back test. It's a little short-sighted to put your faith in a system with no back testing.
