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Originally Posted by sadaloma
I am using the same setup that Hans and fuki recommended:
Gbp/usd and eur/usd only, attached on M5 charts.
It's been only a trading week of forward testing and I can see the potential of this system...
Unfortunately, there will be a time where this method will hit a big drawdown. It doesn't mean it will loose money overall because the winnings will eventually surpass the loss.
If you read Hans past forward test with this system you can see that there was a month where the system produce -30pips. At one moment in said month there was a drawdown of 800 pips but eventually the system even out somehow and lost only 30 pips at the end of the month.
Last month, he gained more then 1000+ pips!!!
To use this method IMHO you'll need a big account or trade minilots to be able to withstand those kind of drawdown.
But overall, it's a winning strategy.
Sada
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I didn't remember reading that he has a -30pip for one month. Anyway I am doing foward testing right now. Overall the boadmembers are very happy with the results. However I will still do my own foward tests before going to my Real Money account.