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If you are breakeven or a little better after one year, I would consider you successful. That's how much the odds are against you.

Yes. Just go to Oanda and setup a demo account... play around with it and you'll see...

X, I'm glad humility is one of your stronger traits...

The former... If you are trading EUR/USD and you go long, you are buying Euros and selling Dollars. You will make money if the Euro goes up.

Spoken like a pro. That's exactly the attitude you should have, Ivan...

I'm wanting to test one of my trend following strategies on as many pairs as I can, including exotics. Unfortunately, TS only offers me about 12 pairs to backtest on... I am willing to pay for intraday data, so if anyone has any favorites that they've used, please let me know... They...

All I know is that the PDT rule cost me 8,000 in woulda, coulda, shoulda profits because two or three trades earlier I got whipsawed out... That's when I left equities for Forex... And I ain't lookin' back.

And just to add to Exchange's post, I'd say -- know yourself well. What kind of personality do you have? Do you need instant gratification, or can you watch price action on the sidelines and not get too frustrated in seeing your unrealized P/L move like crazy... Base your strategy off of your...

No one is saying anything about predicting.... I don't have to predict. I can backtest an instrument for 3-4 years and see how well it trends using my system. You just reiterated what I said -- you don't have to predict the markets to make money. As I'm sure you're aware, if you backtest...

Yep, pretty much. That happens. As long as you're doing it when price is around your setup and trigger, then it gives you an added edge of not getting whipped out so much. And yeah, it's going to reverse, but that's why God gave us stop loss orders... That's why you have to pick the...

Got any tradestation code for that or do I have to code it myself? :p

Exactly. My only problem is knowing exactly when you're in that sideways mode, which often means you've already gotten whipsawed substantially... however I would use something like 3-4 bars of sideways movement to say, ok, I'm in a choppy market. Then plot your trendlines top and bottom, and...

I guess I miss your point. Trend followers know that they won't be clean... heck, I'm right 33% of the time... I accept that because I know my homeruns will carry me through. And sure, they trade sideways at times, but that's just part of it. In terms of knowing what they're going to do...

Yes they do. :cool:

ES... you ain't right man... ;)

So what is considered a good spread for gold and silver?

They've offered 50:1 for awhile now.

Do they trend well?

Werrrrd up...

I find that rule very very confusing. What I thought was right has been contradicted by another poster here. I can buy his explanation too. Next year I'm going to have an accountant do my taxes as I'm an equities AND FX trader... I'll let him figure it out... If I were you, just google...