Quote:
Originally Posted by omelette
Oilfx, where did you get this statement from?
I gotta say, I think those trades look pretty good. This is basically a scalper, so a 35 pip SL is reasonable imo, if only to account for the volatility you speak of - afterall, that same volatility is great if price moves in your favour. Also, the frequency of trading is very low and evenly distributed (for a scalper) so your fear of getting wiped out by volatility seems unfounded - volatility has been huge recently, and this has done very well!
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These figures look to good to be true.Aprroximately 150 pip drawdown and 750 pip risk reward
The backtests show 6.5 % drawdown using 30 m charts
Anybody (no accomplices please) use this software?
Regards
OILFXPRO