- #1,710
- Nov 22, 2012 11:42pm Nov 22, 2012 11:42pm
- Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
How many months should I'll be testing this system in demo and with how many pairs (14 or 5). My capital will be 500 or 1000 EUR.
Thanks!
How much can you afford to lose?
1 - we know the system works - but do you trust it, just because a Thread says so?
2 - Ok so Happy the thread is not pulling a fast one and the system works - but can i trade it?
3 - do i have the patience for this type of trading.
if answer yes to all 3 then time to go live small, but how do you know if you can trade.
when you can look at a screen and know without any hesitation that the chart is long or short you're about ready to trade live - But if you're still thinking about what the charts are telling you (what if the Vq is not the same direction as the HAS, the HAS is long but the candles are short and so on and so) then stay in the demo stages for a little longer.
you must know the system inside and out and trade without thought or hesitation - waiting to flip a bad trade because you think you know better will nearly always cost you and you need to have the confidnce to just do it.
and most importantly you need to know how to exit both good and bad trades - bad exits will make a great system fail. track your trades peaks and lows - soon you will find that BTS has peaks that can make for good solid exit points, but until you track it and analyse it you won't know. (unfortunatly i don't trade HAS, but i trade 1h 4h and D1 charts for there own merit 1h target is 1500pips, 4h target is 2500pips D1 target is 6000pips - we then look for signs of stalling and reversals, I trade without stops and only exit on Targets, change of direction or solid signs of stalling)
think of this as a year of study for that perfect job, take the time to own the system and know the game. it's worth the wait to get it right.
In my view this is a solid system and very much worth the study time.
- #1,711
- Nov 23, 2012 12:47am Nov 23, 2012 12:47am
- Joined Oct 2008 | Status: patiently growing wealth... | 2,655 Posts
John 3:16 - From THIS love no power on earth can me sever.
- #1,712
- Nov 23, 2012 12:48am Nov 23, 2012 12:48am
- Joined Oct 2008 | Status: patiently growing wealth... | 2,655 Posts
John 3:16 - From THIS love no power on earth can me sever.
- #1,713
- Edited 1:34am Nov 23, 2012 1:10am | Edited 1:34am
- Joined Oct 2008 | Status: patiently growing wealth... | 2,655 Posts
John 3:16 - From THIS love no power on earth can me sever.
Inni!
it would do you good if you pick these nuggets from MPP and follow them.
I started BTS from 2008 I never started making live trades on it till 2010
throughout 2011 I was trading 0.01 not because I didn't have money in my account
but I chose to stay that way for 1 full year, even someone in the old thread scoffed at me saying
I was only making pips and not money but I wish he comes back today and say so now
2012 from January 3rd I went full blast live. I place the trades and just watch, cos I trust the sys.
in other words dont go...
I completely agree. I don't want to make money now r next year. I want to be profitable wit ONE system in term of pips. And tell myself that I can survive in this market for a looong time. What I love about this system is that is a slowly one. I have to temper my heart little by little with loses, whipsaw days... and learn a LOT. Liking this system and you people.
- #1,720
- Nov 23, 2012 6:42am Nov 23, 2012 6:42am
- Joined Aug 2009 | Status: Trader | 2,576 Posts
your MA is faster, and you may get caught in whipshaw.
My H1 is still not Short, still holding the Long.
kos