DislikedThat is quite a blunt statement, you cant just make a rash statement like that without stating the reasons.Ignored
Dislikedcan someone make modifications without testing them? you said most!! which means that there are actually some that works." modifications i have made were made to clarify entry and exit points or apply a given strategy to different timeframes. you should know that nobody makes modifications without having a positive expectancy. modifications can also help in eliminating false signals. i personally think your statement is not true in this case.Ignored
Yes, modifications might help eliminate false signals, but they are also responsible for eliminating good signals. Mostly making adjustments that cancel out the losers as well as the winners will lead to less profitability.
Dislikedi will like to ask you a question Custos. HOW MANY WAYS ARE THERE TO TRADE THE FOREX MARKET? you seem to think there is only one way and that is yours (no offense please). A strategy usually has entry and exit signals. you may have daily targets but if you don't if there is no entry signal for that day you simply stay out of the market. it is as simple as that.
Secondly markets arent equal everyday but they are average daily ranges of currencies which if you are going to be sincere are more than 40 pips at least. (whether the market is ranging...Ignored
Probably I misunderstood your use of daily targets. I thought that actually means a daily target which I have to reach each and every day. As I said before, markets are different each day, and having daily targets will just make a newbie overtrade.
Monthly targets are much better, cause you can allow yourself only to trade the best days.
Well, my advice always has been to stop relying on other people's opinions and advice and just research the markets in a scientific manner. No amount of psychological development will get you into the profitable section, when you don't have a system with positive expectancy (which should be based on your research).
edit: actually I want to add something which I just saw in an interview with a successful hedge fund manager. He basically said, if more people focused on not losing money instead of making money, they will be incredibly successful. So maybe one can exchange the rule of monthly profit targets to a rule of monthly "protecting assets". That also will reinforce the notion of not overtrading and really only enter in situations when everything lines up according to your plan.