Forex Trading System - 2200%

[JonnyT]

Hi adrianallen99,

Your strategy might have been tradeable.

If you risked 20% of capital on one trade then I think you were betting 10 to 20 times the amount you should have been for your account size.

I currently risk about 0.7% per trade and am 50% up since 1st Jan. I may be too conservative but hey I'm still in the game after 3 years.

JonnyT

 

[TheBramble]

Eminem, Darren, Paul et al, you're right.

Apologies to Ivan over on moneytec and IK here on t2w for being a grizzly.

It's been a cr*p week...so far. (No excuse, but it's worth a shot).

I'll take a another look at Ivan's system with an unblemished soul and a clear head.

 

[timm]

If you read the whole thread on moneytec, you will see that there are several problems with this system.

It's not based on any logical principal. It uses the Force indicator which is derived from volume. There is no volume data in Spot FX! Metatrader simulates volume from the number of ticks per bar. However this will vary between data feeds from different brokers - hence testers using different brokers were getting different results.

One poster on moneytec claims to have backtested 5 years and found it wanting, however it's not clear what volume data he used.

It sounds like it's a bit of a curve fit for last year. I would forget it.

rgds
TimM