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Why change your mind?! Obviously, your original idea was "Live", rather than "Leave"? :D :confused:

One of the approaches is to define: Edge=WinProbabilityxWinAmount-LossProbabilityxLossAmount. :confused:

Nice guess, it looks like a pullback so far. After 1.2900 now, what would be the next high or low you guess? :confused:

My technical indicates it's an uptrend. What would be the bottom of the current pullback (if any), you guess? :confused:

At least having a Catastrophic one! :D

Just curious: If the holy grail is a real one, why the narrowest FX spread from a broker would be required? :confused: :D

Thanks Prophet. :)

Any good books you would recommend? :cool:

Do we need to set any ranges for the parameters and constants of systems, individually and/or collectively, and how to define the ranges (with or without optimisation)? :confused:

My poor maths, again! You're certainly right. But $450 (or $45) is too good to be true. :D

Q Doug Patrick: If a system doesn't produce good results over many time periods and market types, avoid it like the plaque. Let's say you've got the concept and it makes sense; now what? Now you work. As an example, the systems I use tool four years to develp and test, and they are still a...

Now many of us newbies on ET would like very much to send $1 to your Paypal account and expect our Paypal accounts individually to grow by $22,500 (based on 50% profit sharing :D) in few weeks time! :cool:

Q Neal: If it looks like a duck, walks like a duck, and quacks like a duck,it must be a chicken. Is that what you're saying? Doug: How many times have you told that a piece of news is bullish, only to find a few weeks later that the same news is now bearish. Welcome to the world of smoke...

Please tell us the answers. We're awaiting. :cool:

Q Neal: That system would produce great results, and you know someone could sell it and call it a seasonal... Okay, seriously, give a quick-start version for evaluating a system. Committee: First, if you can't get the maximum total drawdown and Sharpe Ratio on thge system, then forget it...

Besides (S/M)MA, you also use other indicatos like CCI now. :confused:

Apparently Magee's TA books have a lot to say about both pullbacks and throwbacks. Practically I when trading currencies wouldn't worry much about the difference. :confused:

How could so many believe this mystical method? :D

I've had only a very brief viewing on your details. Actually many posters in this thread have provided very good comments. Personally I think we couldn't wait until finalising a perfect system to start trading, as many improvements would be only found by making actual (some costly) mistakes...

That would be Nice! :)