[quote=radatats;265917]I have read every system and trade idea out there and tried them all. Put lots of different indies and combos on my charts and had various levels of success. [quote=radatats;265917]I have read every system and trade idea out there and tried them all. Put lots of different indies and combos on my charts and had various levels of success.
Bryce Pyatt writes:
A long time ago I was taught to trade the Wool futures. The kernel of the idea was rainfall, each Friday we all listened to the rain fall reports and on the basis of higher or lower rainfall last week/ last month you made the decision. The results were good, about 10-20% per month but no where near the results that are shown in the Interbank competition.
Https://secure.ibfx.com/contest/contestresults.aspx.
With Forex designing a trading system or an EA is as simple or a difficult you can imagine.
EA's are a programmers delight as it is almost impossible to design one that copes with all the problems of trading.
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The results of the Metrader EA contest extent of the reveal the extent of the programming knowledge that is required to make an EA profitable.
Automated Trading Championship 2008
Hence for the majority of us will need to trade us will need to trade by visual signals. After all you have do is form the opinion that the market is going one way or the other.
Simply, that is difficult.
Look at the timeframes with the same indicators on each on a multi chart setup. Rarely are the are indicating that are all going the same up.
Getting real is the way to go. For me I need to prove over a period of 3 successive months that I can be in the top 10 of the Interbank Manual trading contest.
My rules are:-
1. One contact per pair of varying size.
2. A realistic deposit of say $1000.
3. Trade all the pairs in the Interbank short list.
4. Be in the top 10 at the end of the month.
5. Be absolutely honest with yourself.
Currently I am testing two timeframe variations, 15m,30m 1H and 30M, 1H and 4H with two trading patterns under each.
For April my results using the Interbank rules are short timeframes 240+%, 199% and longer timeframes 164%, and 105%. The last one at 105% still gets into the top 10, the week has not been kind for the longer timeframes.
Linear Mode
