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well, the range from .8222 to 1.4472, with positions in 50pip increments, is 393,750 pips in unrealized if all are held. Over a 10yr span, you would need to average 39,375 pips per year, or 164 pips per day (assuming 240 trading days) in order to breakeven. Seems like a lot of work to...

I tested with two accounts, so both adding to shorts (if rates go up) and taking profits on longs in incremental units in the same currency pair. The main thing you have to keep in mind is that considerable time can pass where you are breakeven or a little better than breakeven, but when the...

and don't forget to install at least three 19" LCDs before placing your first trade, absolutely mandatory

as long as the up\down trend advances at a sufficiently slow speed such that the realized keeps growing. But in my example if you find yourself at the 1.40 mark and up to that point your realized have somehow (altough not probably) covered your unrealized to that point, even one more 50-pip...

The part of this strategy that makes me uncomfortable as others is the potential for a huge unrealized "inventory" in eur\usd example, say you put on contra-trend trades in every 50pip increment. If the eur\usd goes from 0.8 to 1.4 in a few years span, you will have accumulated an...

absolutely false...MUCH tougher psychologically to have made millions and then lost it, then never made it in the first place that's why people jump out windows on market crashes

do we really need another thread about trading vs gambling?

slippage can turn a nice upward sloping equity curve into a mirror image downward slope factor in at least 1 tick for entry and 1 tick for exit

one simple rule I have found works well to get out of medium length swings is the 3 bar break.

true, but with trading it's not as black and white (or red) as with roulette since you can take action once the bet has been made and the wheel is spinning i.e. if the trade goes your way you can act one way and if it doesn't you can act another but that creates an edge so we are no longer...

thanks for the heads up...geez it's March already

well that depends on your max risk per trade. This system uses the width between the entry long and short signals as the stop out point. This width could be very wide depending on the opening range. Take a look at the maximum range during the backtested history. Say 6 points is the range =...

I was able to get it nicely profitable on the DAX but I lost the time parameters I was using...I do remember it cut off mid-afternoon, around 2pm local time...

lol, ok let me do some work backtesting this so you can kick back and trade I've backtested back to 2001, and it's profitably year after year, now if that's with a 1.01 profit factor or 1.99........

Modeled long enough to make a profit btw, LTCM has made their debt back with interest using the same models

it's pretty simple (but not easy...) find any edge with positive expectancy, apply money management and run that shit to the moon

really also look into Amibroker

I must attest to the quality of life in southern France. Visited there during Christmas: Cannes, Antibes, Monaco, Nice, St Tropez... Beautiful scenery along the entire coast. Also inland from Cannes, eg. Mougins is extraordinary. Ideal would be to live\work in Monaco and to own a home...

this thread is hilarious if you doubt that it can be done then why waste ANY time on this board? seriously, find some other endevour if you haven't made it and are carrying doubts you might as well quit because it won't get any better for you

if you want it bad enough you will get it