Dear all, I have some beginner questions about starting an automated forex trading: 1- What data to use USDCAD , USDEUR etc ... or reverse CADUSD, EURUSD etc ? 2- What is your usual leverage ? I know is a matter of risk taking , let's say I want to take risk as much as stock markets. 3- What is your realistic expected annual return ? thanks a lot.
I use no more than 10:1 leverage for standard contracts. Anything beyond that is taking too much risk. I position trade with wide stops and my systems have performed well in the past 3 years but not as well as my stock systems so I am thinking that I am wasting resources on FX. It may be my problem and the fact that in the last two years I have concentrated in developing systems for equities. As far as return anything is possible in FX but risk are great.
Thanks a lot goodgoing. I have the same problem, never really traded forex but all my backtests give bad results for medium term ( days, weeks, months ) . Maybe they are for equities or too spoiled by 5 years bull market.