Quote:
Originally Posted by demonfx
I'm amused that after a whole 40 trades you consider yourself to be a better trader than I am. Truth is you are hanging around forums looking for ideas, as well as I. I doubt any "really good" traders would be hanging around forums but that's another discussion. Seriously though dude, not trying to offend you at all. My comment is aimed at debating the strategy not at you. I suspect your drawdown is tight as you have probably lost on a swap last month. It looks good for now, and I would like to be proven wrong so I hope you can show equally good results on the downturn. Judging by today's activity it would have been tough going long during the London session on this pair. As for identifying the trend, that's an easy thing to do. Problem is that price rallies within a trend which prevent you from using tight stops, in turn producing a poor risk/reward ratio.
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I don't have to prove anything to you, and its not only 40 trades
, here is today's trades, and I did rather well even in the short trend during the London you can see the updated results, and i made good return last month as well , as I said I have solid entry rules and I AM a good trader.
The most complicated system ever made by man, still requires a human touch from time to time to tune up the system ... that's because the environment conditions keeps changing so the algorithm has to be updated and modified to accommodate the new changes.
Forex is a non linear market, sometimes there are cycles other times it totally random, to make an expert that trade on all these conditions is almost impossible and very difficult its like going to the moon for the first time.
by deciding the trend manually we have taken the most difficult task the expert need to do , the rest is pure MM, so when forcing the trades to be long only, we have increased the winning chances by removing the short trades in a long trend , and if the expert took the wrong trades then the SL will be small and the chances to recover from the losses is much better.
Design Control systems is part of what I do, forex is just another system I am trying to control
