Quote:
Originally Posted by MattW2009
Phil,
A very interesting strategy however the win/loss ratio is scary for me. As you know I'm down to virtually nil on my account and a string of losses would end it all so I'm thinking about a change to the 'rules' of the system that would produce more wins, although ultimately reduce profitability - thus making it a more conservative and 'safe' system.
How about exiting the trade at 2R?
Do you think this would produce more (smaller) wins? Would it have produced some winning trades in the Feb-March losing streak?
Are you able to back-test this a bit? Like some others my 4hour charts only go back 3 months.
Matt
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Simple solution. Just download an Alpari demo and through history center get the data you need. Voila - you can do the backtesting yourself.
Another piece of advice - don't let previous losses have an adverse effect on how you trade. It's better to either stop for a while, or to do a complete mental restart, wipe the slate clean.