Greetings from Guanajuato, Mexico
Is There Any Simplest Method To Success In Forex? 63 replies
bo7a method... method for GBP/JPY 205 replies
(Method) Trading Systems 1 reply
Inquiry of 400:1 leverage method 11 replies
Simple trading method 49 replies
Dislikedkharvell,
Thanks heaps for providing your strategy. You gotta love these higher timeframe systems.
I have just been through the last 2 years of GBPUSD data and while 2005 was a cracker I didn't have quite the same success as yourself in 2006 and so thought I better check whether I know what I'm doing.
The rules I backtested are more like the BB method in its original form using one contract trading the bands from side to side. I guess it's more the entry and exits I want to make sure I am doing right. I did this with FXDD so there will of course be some slight differences. I will go back and backtest with the new rules soon but just wanted to run this by you first.
I've attached a chart to see if I'm on the right track or not. Unfortunately I missed the huge run in April 06. Is that me or the data? Because I missed it I got sell signals all the way up only to be stopped each time. You can see from my backtesting results the shocking run because of that, I think 8 consecutive losses. So where you picked up +900 pips I lost 800 so there's 1700 pips different already!
See what you think and then I will go back and do some more backtesting on other pairs and the new rules and post any results here.
Thanks..Ignored
DislikedHi everyone kinda new around here and in Forex. I am trading a little and learning. Doing OK so far trading small amounts. I have no idea how to add more than 1 BB to my charts at Interbankfx. Everytime I go to add another one it deletes my first. Can someone help this newbie!!!
Thanks all
GordIgnored
DislikedGord,
I wish I had known about the BB Method when I was a "newbie" . . . a lot of bumps & bruises (translation: losses followed by more losses ) could have been avoided.
This is a great way to learn to trade, with minimal time staring at charts, and I'm confident you'll win more than you lose. What a concept in Forex!
Good luck!Ignored
DislikedGord,
I wish I had known about the BB Method when I was a "newbie" . . . a lot of bumps & bruises (translation: losses followed by more losses ) could have been avoided.
This is a great way to learn to trade, with minimal time staring at charts, and I'm confident you'll win more than you lose. What a concept in Forex!
Good luck!Ignored
QuoteDislikedGord,
I wish I had known about the BB Method when I was a "newbie" . . . a lot of bumps & bruises (translation: losses followed by more losses ) could have been avoided.
This is a great way to learn to trade, with minimal time staring at charts, and I'm confident you'll win more than you lose. What a concept in Forex!
Good luck!
QuoteDislikedMissed the short on the Euro but looked like it was a success again.
Dislikedgman,
Just in case you've missed it, Kevin has another thread at http://www.forexfactory.com/showthre...to_threadtools where traders discuss current & upcoming trades on the BB Method.
Good luck . . . it's been working great so far!Ignored