On average how long would you say it will take an average person to become consistently profitable if they follow say, some of the systems in the PA course with discipline. And is it realistic to expect to end every week profitably if one only trades 4hr and daily timeframes?
Both are equally important but obviously depends upon the frequency the system trades. Regardless, I'd want nothing less than 3yrs of testing for any system before using it on a live forward test. But there is no set amount of trades as each system has different trading frequencies. Ideally the min would be about 500+ on the low end and several thousand on the upper end.
2ndSkiesForex's Comments
Comment Wall (10 comments)
Hi Chris
Love your blog... Thanks for sharing it here at Forexstreet.net
Francesc
I am glad you liked the article and hope it helps you with your trading.
Kind Regards,
Chris Capre
lets meet in the fxsteet webinar today at 10am ^_^
Hi Chris,
On average how long would you say it will take an average person to become consistently profitable if they follow say, some of the systems in the PA course with discipline. And is it realistic to expect to end every week profitably if one only trades 4hr and daily timeframes?
Thanks!
Hi Chris,
When you test systems, what is more important, the amount of time or the number of trades? And how many trades is good enough as a test?
Hello Raj,
Both are equally important but obviously depends upon the frequency the system trades. Regardless, I'd want nothing less than 3yrs of testing for any system before using it on a live forward test. But there is no set amount of trades as each system has different trading frequencies. Ideally the min would be about 500+ on the low end and several thousand on the upper end.
Hope this helps
Kind Regards,
Chris
Thanks, that helps a lot :)
dear chris, do you know about 'binaural beats' and if so, would you comment on their possible uses regarding performance/trading. thanks
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