Why you secret handshaking %^&#%#...

Beware of Websites Selling Commodity Trading Systems

Haha, good attempt though! Is there even a precise definition of pin bars in this thread?

james16 Chart Thread

Thanks for clearing that up Bemac. Another hedge I used to do was GBP/JPY and CHF/JPY, which you should just buy GBP/CHF. Was an awesome pair to hedge; well, that is before it broke out and went crazy. Predictable I suppose.

What is "Stop & Reverse Below"?

If they're hedged, why worry about pips?

What is "Stop & Reverse Below"?

Impressive. How do you think their spreads/commisions compare to some of the other brokers out there? I know this isnt always a representation of how good any particular broker is, sometimes you get what you pay for.

broker blues

I actually was joking. Ive never done any backtesting to support a system based on eclipses.

What is "Stop & Reverse Below"?

Oh Oh...I know...Does it have to do with a lunar eclipse?

What is "Stop & Reverse Below"?

Are the site statistics wrong, or do you really have over 200 posts in the last 8 days?

which version of firebird are you using on live account?

Give it some time man...

which version of firebird are you using on live account?

Some platforms, such as FXSol, call this a CAR (Close and Reverse).

What is "Stop & Reverse Below"?

"Curve fitting" as I call it is optimizing based on previous data that will in no way optimize the future. For example, say take one trade a day and you have 12 months of data on record. By a miracle of the gods, it has been a sheer coincidence that ...

Is this a Successful System?

DOH! You're right, and if you can't optimize future trades based on past performance, why even bother to position size in the first place? There is a difference between optimizing based on past trades for the best "tradable" system and what you are ...

Is this a Successful System?

Yeah, that shows the consensus to be 120K. Just trying to narrow it down.

NFP 10/6

Seems weird your 10% yeilds 60% drawdown, your 20% yeilds 90% drawdown, but your 15% only yields 15% drawdown. Seems incredible, no?

Is this a Successful System?

Awesome job! I too got my Masters in Computer Science, and decided not to use it. Who needs it?

Are there any full-time traders that are living off the FOREX profits?

I totally agree, keep up the good work.

Live Account Trades!!!!

One does not have to worry about psychology and physiology if one is trading a 100% mechanical system. All you have to do is trust your system, which for the people that backtested years of data, it shouldn't be difficult.

Live Account Trades!!!!

First of all congrats on going live, it seems you've done your research. Secondly, have you thought about opening your hedge based on solid lines (118.50, 119.00, 119.50) instead of daily highs/lows? If so, what in your opinion are the ...

Live Account Trades!!!!

I'm going to play around with this as well. Seems very interesting, indeed. Good information Phil.

risking 1% vs 2%