oilfxpro
Registered: Oct 2007
Posts: 1600 |
08-12-12 06:03 PM
Quote from Rationalize:
Why TA doesn't work doesn't matter.
The fact that any rational backtest shows TA doesn't work, matters.
I was back testing a trading system with fixed rules , money management and using technical analysis .It made 351 pips or $35,100 on a $100k account , only in one week trading the euro usd.I have been following this strategy for some time and it produces similar results every week.
The profitable hit rate is 54 % , and profits are made from running the winners and cutting losers.By using only 1 lot , it still produces $3500 per week. or 175 % per annum.
 3 4 % a week.jpg
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