Quote:
Originally posted by tim_nn
And one more question (sorry!) ...
Interesting that so far the EUR/GBP pair should have such strikingly worse results than the others. Do you think there's anything in that, or is it just because of the small sample-size?
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Hello again tim_nn
thank you so much for your comments. I really appreciate it. I love the fact that I can post something on a forum and within days get feedback and new ideas.
Your point about Spread betting is great and I have already thought about potentially going down that route.
I think re EUR/GBP its a combination of both of your points. I found in some of the pairs there is a struggle to get the profits without suffering drawdowns of up to 61 pips (which has been the worse so far if memory serves.) Like I said I did think about having different criteria for different pairs but then I thought how difficult it is to watch all the currencies so decided on a fixed criteria of 100, for now. It could be that I drop EUR/GBP for now and try one of the other pairs coming up with a list of 8 or so profitable ones.
In all honesty what I will do for now if just use the system as is following the old philosophy of "if it is broken don't try to fix it"
The true test will be how the system fairs over the next few months.
I hope the system continues to be successful and that others can possibly use it. I think MT resets
demo accounts every month(???) in which case I will open a new $10000 for Feb. I will post the results, good or bad
Do you think it may be worth while demoing on Refco or GFT as one of these is likely to be my real brokers? Also probably bets to use a mini account if and when I go live?
Thanks again
SR2