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If you have a life. Its best to keep Forex on a leash cause its has a way of taking control. I see this in myself as well
I should have been clearer in my question in the previous post. Whats your opinion so far on trading the Asian session? Have you tried? If so....is it worth the bother, and how have the indicator preformed.
Don't mean to disturb you with these questions. Through the tread I have grown to respect your opinion, and I feel you may have some knowlegde on this. However, if you haven't traded it at all I will obiously understand this as well.
dave i always new what level 4 was just didnt agree with nina on a couple of her level 4 recaps thats all cisco trading european and ny should be the only trading sessions you trade from 2 am est to 11-12 pm the only time i ever traded asian was when jpy was doing interventions and i would place order 20 pips from price and wait for the explosion for easy 70 to 100 those days a over at least for now trading need volitility so stick with london and ny as for step stoc indicator they ROCK
backtesting doesn't work, period. You have to account for slippage, server outage, and many other factors. Besides, MT4 platform is unstable, and the free data feed you use for backtesting is not reliable.
Just some factors. Also consider a simple cross-over MA system with backtesting, it's real cool with backtests, however try to trade it naked live, and you will see what I mean.
CatFX is profitable, I could see that, I use it for confirmation of short-term trends and retracements.
Interesting idea about pyramiding though, would be interesting to watch how that idea evolves with this system.
the real test of a trading style are trades you make take a snapshort of each trade you make and keep a journal then after 50 trades see where you stand i personally can vouch that trading the 3 step stoc cross with a cross of 50 ema works both in trending and non trending markets because trading on a 30 minute level there are always trends within the trends
for instannce is not the euro trending up well why did level 1 work because there are always retracements and trends with in the trends as for the step being used on any other platform i dont think so it was made for mt4 i also trade on a different platform for my live trades once i have a signal i close down mt4 an consentrate on my live platform
backtesting doesn't work, period. You have to account for slippage, server outage, and many other factors. Besides, MT4 platform is unstable, and the free data feed you use for backtesting is not reliable.
Just some factors. Also consider a simple cross-over MA system with backtesting, it's real cool with backtests, however try to trade it naked live, and you will see what I mean.
CatFX is profitable, I could see that, I use it for confirmation of short-term trends and retracements.
Interesting idea about pyramiding though, would be interesting to watch how that idea evolves with this system.
I agree, backtest is not going to tell you if a system will perform well in the future, but if you do it it is a great learning tool to get the grip of the system and shorten the learning curve, since as I also thought that this was a good system, didn t want to spend 6 months trading a demo.
But backtesting something by yourself give you the idea that is the system is for you or not, because in the end, that is it all about, the system could be great but if it doesn t fit your trading style you are done.
AThis way we reached the optimum level of lots to trade starting with a 5 k account, look at that and you will see that it starts trading only 2 micro lots per scale (8 micro lots). it is not a great risk, and in the end compounding you get to 118k, you have the foundations there for money management rule.
So all and all, i don t regret spending some time backtesting something that i think could yield me great profits.
And as i said before, all backtest should be taken with a grain of salt.
Regards.
Harold, it wasn't long since you couldn't get to grips with level 4, now you're telling us how its done. Well done 
PIP or Die 
so cant use this on them. Have to flip back and forth from demo MT4 to live.
Linear Mode
