Hi,
I have never traded forex before, and don't really understand the pricing / fees.
I want to set forward a system to see if it is actually trade-able with slippage and commissions.
Since Forex trades 24 hours, it looks like liquidity would be the main issue with the system.
Does anyone trade forex with tick or volume charts? That might alleviate the problem a bit.
Anyway, this system is set to a ten minute chart trading the USD/CAD.
Over the past 4 years the avg. winning trade is approx. $150, the avg losing trade is $250.
This is trading one contract.
The
entries and exits are on limit orders.
Can I expect that the winners would be seriously eroded by pip spreads?
My broker is Tradestation if that makes a difference.
Thanks is advance for your advice!