Backtesting

Going to start writing more posts based on trading now. Now that I have worked out how to actually trade and what the key is in this game to make money. Started forex in Oct 05 and learnt a few strategies then some more and more and more. Just kept learning more strategies tried it for a few trades and once i hit a 4-5 trade loosing streak I woudl abandon it and try something else this went on for ages, I just went from strat to strat even no strat at times.

Until 2 weeks ago when I worked out the key is this:

TRADE MORE LOTS NOT MAKE MORE PIPS

Its taken 18 months to work that out. It falls down to the idea was always to make 20 pips a day and that was it and started that with snatch and the 4 majors, but then dumped the yen and then 1 year later realised crap all I need is the GBP that gives me 20 a day easily. And THEN I can just start throwing 100s of lots at it. As opposed to making 20 in the morning and if I want more money I make another 20 (and the risk of loosing 30) at night.

The first lesson I ever learnt in FX was always stick to 10 pips a day and ur a millionaire but I never understood that until now. I finally get it. What everyone means by backtesting for 2 years and having data to proove it.

Well I did it I have about 1 years of current data and 5 years of backtested data and I am good to go the system is hitting 75% so i know what ever happens as long as I stick to it the numbers will come into play and I will come out on top the key is just take ur 20 pips and get lost thats it. Even if the market offers 100 after you're out who cares.

Am also going to keep autoclicking with the bigger reports that I have backtested data on.