Recent content by forexoft

twalker, it seems like Jim Simmons and Soros do know very well their own systems, so they are not black box for them, right? they know how to trade with it. And what about ordinary people who bought some black box systems, do you know a couple of millionaires among them?

You are right Joe, black box systems is not very good choice. Trader must completely understand algorithm of MTS in order to trade using it effeciently. Also I think that system must be evolving, I mean new builds must be released, bugs are fixed, features added. If you use system that you...

I use MetaTrader 4 for backtesting. From my experience I suggest to use "Every tick" testing model, always use date period, check Recalculate checkbox - after date range or currency change (you may always keep it ON), download M1 and all timeframes history and test only on history period which...

Just wanted to say, I also had not believed in mechanical trading systems until I developed one for myself. Though I still work to make this system more reliable and less risky, I know that it will make money on real account, because now it makes money on demo account. Also, I know that there...