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- Beman replied Feb 26, 2009
yes this is what i was thinking, backtesting is important but then your skill will needed... this doen't mean to have great skills, just basics then the system should drive you on the right way
Did it ever happen to you? you had to change rules!
- Beman replied Feb 26, 2009
ok, but how do you trade? do you have fixed rules in stones?, if so you are right backtesting is all you need, but in that case you could even code an EA to do it for you, you would been anymore needed! (am i right?) My rules are fixed but i don't ...
Did it ever happen to you? you had to change rules!
- Beman replied Feb 26, 2009
dudes spotted a nice price lvl (hopefully) to place a trade if it goes @1.2750 area i'll go long! usually i don't trade at this hour but it's just because i like to rest, not because the system isn't profitable
Let's see how this thing works
- Beman replied Feb 26, 2009
I see... i use a long term system and it works fine, probably (and hopefully) it will work good for some more...
probably you are right if i could predict that a system will work forever, it would mean predict the future! and predict future in ...Did it ever happen to you? you had to change rules!
- Beman replied Feb 26, 2009
well, this would worry me a little! because who knows if i'll find the way to be profitable again?
Did it ever happen to you? you had to change rules!
- Beman replied Feb 26, 2009
one more thing!! while backtesting with Vhands i found out that my system was way mooore profitable than during a usual backtest, don't think i have super powers and when i read charts i see the future! i don't even do something special, when i ...
Did it ever happen to you? you had to change rules!
- Beman replied Feb 26, 2009
first: thanks for the answer, appreciate that Second: yes and no... I don't completly agree with the post's autor I absolutely agree that trading profitable isn't a luck matter, what i don't agree is the faith he places in backtesting, because ...
Did it ever happen to you? you had to change rules!
- Beman replied Feb 26, 2009
Went long @ 1.2880, moved SL after a while e then stopped out for a -0.3% loss both Systems So the overall day: SyS A and B (this time SL were the same) 1° Trade: Loss of -0.12 2° Trade: little gain 3°trade: loss of -0.3 So Sys A lost: -0.42 Sys B ...
Let's see how this thing works
- Beman replied Feb 26, 2009
canceled my pending orders, but still looking to go long around 1.2780 area
Let's see how this thing works
- Beman replied Feb 26, 2009
All right, now market is not moving too much, I still have my limit order in place but i'm goinna cancel it probably, I have a little indecision: Long/medium trend is short, while short trend is on the long side, where do we go? we have three ...
Let's see how this thing works
- Beman replied Feb 26, 2009
around 1.2740 area will look for a long trade
Let's see how this thing works
- Beman replied Feb 26, 2009
closed trade for a little profit... will see next trade, i think i'll wait for a retracement and will try to go long, in case of the retracement will be too deep i'll think to go short too
Let's see how this thing works
- Beman replied Feb 26, 2009
Better: SYS B: Moved 1 Sl at 1.2754 Moved 2 Sl at 1.2727
Let's see how this thing works
- Beman replied Feb 26, 2009
got in @1.2750 Sl 1.2681 now Sl has been moved to 1.2686
Let's see how this thing works
- Beman replied Feb 26, 2009
I've calculated the first loss it has been a -0.12%... not bad, but looking back at it maybe this time i should have stayed on the side line
Let's see how this thing works