Well done mate!
Yes i agree, the EUR/USD is a choppy pair lately. my papertrading on t which i did for 1.5 and ilustrated the results on page 12 (i think) aswell made only minimal profits.
If you are looking for a hot market then please backtest XAU/USD on the 5 days-methode (dont test the 40 days methode) on it for the past cuple years. I am sure the backtest will show some very nice results.
In general, XAU/USD is the hottest mareket around these days to use the high-5 system.
Especially today i would recoment every trader (not only the people using high-5) to take a closer look at xau/usd (short till 1100) and try your luck on this specific market.
Market conditions, very true and very well said.
About the system: Yes yu are right, it is a very powerful system and indeed you realized correctly that most people will not realize it.
the reasons or this is because retailers are trained by brokers and entities with more “experience” that “daytrading” is the holy grail. Retailers are not interested in systems which require you to hold positions over days or weeks. Patience is a virtue rarely found in retail traders, and that is the reason why daytrading/retailers fail in such a overwhelming number.
To make money on tradint the only true virtue someone must have is patience. Just like in fishing or hunting. In our fast paced world, patience is something pretty much noone has anymore.
When you go out and study, do a professional finance study or a MBA in fincance, the first thing they teach you -and the thing they lay focus on for the entire 3 years- is to have/practice patience.
I knew that the participation for this system/thread will not be huge before i even posted it- the reasons for that is the lack of patience.
This system is for the people who learned their years of lessions, and after they found out how not to trade, they can find out how to trade.
Please when you have the time, Bob, backtest the 5-days methode with 50.000 starting account on xau-usd for a sample of 2-3 years (or as much as possible) and post the incredible results here.
I will go in bigger depth on how to chose a market within the next few weeks. How to chose a market is the main things that is beeing learned by learning “how to trade” it is the single most biggest fundamental that people must learn and that is something that needs a lot more explanation than the system i putted up here.