I have decided to carry out a very simple strategy:
Based on crossover entries on EURUSD and GBPJPY I will then use 50SL, 70PL and leave, win or lose ! Needs a 42% success rate to Break Even - looks more like 60-65%.
Both EURUSD and GBPJPY would have won 4-1 over the past 2 weeks on that basis, 420pips about 19% compounded.
I have backtested EURUSD over 2010 and it produced 3,400 pips for the year and a 375% growth when compounded (based on 50pips SL = 2%).
In the past backtesting has never worked out in reality but I'm going to give it a try !
Based on crossover entries on EURUSD and GBPJPY I will then use 50SL, 70PL and leave, win or lose ! Needs a 42% success rate to Break Even - looks more like 60-65%.
Both EURUSD and GBPJPY would have won 4-1 over the past 2 weeks on that basis, 420pips about 19% compounded.
I have backtested EURUSD over 2010 and it produced 3,400 pips for the year and a 375% growth when compounded (based on 50pips SL = 2%).
In the past backtesting has never worked out in reality but I'm going to give it a try !