My main goal is to keep my money. If that works, I would also like to make enough profit to justify the risk and cover the costs. It is not so important if your current result is good or bad. It is more important that you can repeat what you do and produce consistent results. My former broker simply decided to forbid to trade certain forex pairs and told his customers that this was a security restriction in their own interest.

 

Most people think that the right entry signal is the most important thing that will make the difference between losses and profit. If you are able to do the right things, you might like the results but you also need to use the system in the right context.

 

Do you think trading is exciting? For me, good trading is dead boring. I am not excited because I have learned something. Some people ask themselves should I use a pre coded system and learn how to improve that? What do you think? A two bold profit goal could ruin the whole system. How do I know? Because I have tested it. My first profitable bollinger bands system was the one thing that convinced me that all this algo trading stuff really is worth the time.

 

When I started to deal with automated trading, I had to spend lots of time with the classic fundamentals. Find out what works for you before you decide to risk all you money because somebody told you what to do. The risk setting for this system influences the number of positions that might be traded at the same time on the same chart. If something works exceptionally well, you notice the fact because you are used to what you consider to be average, some things just don’t work very well. Hope trading is one of these things.