MoneyTec 2.0 - Online Forex Traders & Brokers Social Networking Community » Trading Talk » Career Trader

[shadowman]

I spent 2 months researching on history of 6 charts. Date back to at least 1 year ago.

Since then, i develop a strategy which will profit me consistently every month.

I also believe that trading too many trades will not get u much profits.

I prefer to actually profit more from a trade rather than to scalp.

My strategy could maybe have 2-3 trades a month for each chart but each time i could profit from 50-300pips or sometimes more.

My stop loss is always lesser than 50pips.

I estimated that my hitrate would be ard 70-80%.

As the saying goes, the early bird catches the worm.

It would be regretful if i were to miss a trade. So now i am actually starting to trade perfectly in another demo account hoping that everything turns out well so i can start trading live.

[Norman1]

2-3 trades per month, backtested over 1 year only makes 24-36 trades backtested...This isn't enough data to immediately go live with...

I made this very same mistake when starting out and it didn't go well for me..

Consider finding more data to backtest and forward test it for long period prior to going live...

Hope this helps..

[ballin101]

Where can you find data to backtest with. Like data for say 2007

[akshaytalwar]

then, did you get anything out of this research and time? i hope you did else you might not be too happy for the time which passes away? :P

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