I agree; but just to be on the safe side, I'll paper trade it for a while; besides, "Forex Trading Machine" strategies are useful to system development, giving me some ideas of my own,so if worst comes to worst, I will not have thrown my money out of the window, after all.Dekoob said:Eduardo,
I too read "Bird Watching In Lion Country" I felt unhappy about the use of large stops. However, when you look at the way the market works his method has some merit. The market is just a machine that processes orders, all the orders in the book are logged as numeric values,so in a market that isn't trending the orders closest too and on both sides of the market price will be filled first so you have a greater chance of your stop being hit before your take profit if the stop is a smaller pip value than your take profit.
Thats enough of that, I think your observations relating to "Forex Trading Machine" would lead me to believe that there could be some value in Mr Frister's work.
Dekoob.
Eduardo.