where can I find the “SIMPLE DAILY SYSTEM” ?
Where can I find the expert advisor (forex) called ” SIMPLE DAILY SYSTEM” ?
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This entry was posted on Tuesday, April 20th, 2010 at 8:22 am and is filed under forex online system. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.
Suzane P April 20th, 2010 at 10:11 am
Hello,
I’d like to share my views with you. There are certain things you should follow while buying a currency system
1. Understanding the basis of the logic of the system.
2. The system should aim to catch the long-term trends; day trading currencies has less probability of success than long term trading.
3. Simple systems tend to work best, as they are stronger in the face of changing market conditions. There is no link in currency trading systems between complexity of systems and their success.
4. Look at the maximum drawdown from peak equity. This is important in terms of money management, as you need to expect your biggest drawdown is ahead and commit sufficient funds to cover these downturns.
5. Not all systems come with real trading records; they can come with simulations over historical data. If the basis is soundly based logic then they can still work well.
6. At last, judge a system over years not months. All systems can have periods of losses.
Hope it may be helpful