Hi all,
After 6 months studying forex I have finally developed my own system that really suits my style of trading.
I have been backtesting it manually (since I don't know how to create the proper EA) using one year data and the result is quite good by my standards.
Success rate: 65%
Profit to Loss ratio: 2:1 to 4:1
I am now in the phase of forward testing it using a demo account.
My question is that, how long should I test this system before I can safely say that it is profitable in the long run and it is okay to go live?
FYI, my system usually generates between 2 - 3 entry signals every day.
thanks for your help.
After 6 months studying forex I have finally developed my own system that really suits my style of trading.
I have been backtesting it manually (since I don't know how to create the proper EA) using one year data and the result is quite good by my standards.
Success rate: 65%
Profit to Loss ratio: 2:1 to 4:1
I am now in the phase of forward testing it using a demo account.
My question is that, how long should I test this system before I can safely say that it is profitable in the long run and it is okay to go live?
FYI, my system usually generates between 2 - 3 entry signals every day.
thanks for your help.