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Re: strategies, indicators and so forth
hey torero, thanks man :p
how do you know if youve got a good system?
silly question maybe! 'cos a good system makes money, right?
I've done this little strategy on a 30 minute EURUSD, which over the past 2 years has a profit factor of 1.76, and so seems like it could make a stack of money. It looks pretty good to me, but i dont want to get too excited too soon, incase what i've done is just trash and wouldnt work in the real world.
Theres some stuff which I'm unsure of, is there any kind of general rule for slippage?
Infact, going through this process of trying to create a strategy and backtesting it has taught me alot about trading in general. I can clearly see money management i.e. stop losses, scaling out profits etc are so important it can turn a non-profitable trader to be profitable.
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