Building a Forex Trading System
About two weeks ago I got an email from a trader explaining his trading method and asking me for some advice on how to improve on it. On the surface of it, there wasn’t much to his approach but he had been trading profitably for a few years and that got me interested.
As it turned out, he was using the same charting package I use and had used the back test facility to go over years of data to come up with the method he now used. The method itself was a simple, sound little technique but his money management control was brilliant and that was the genius of his method.
So far there was nothing unusual about this other than he was using the back testing facility. If you have only started trading in the last few years this might not seem unusual to build a little code and go back and test lots of ideas. For me it is different.