Castle73 wrote: Thu Dec 01, 2022 1:28 am
Hey FourXXXX,
I took a bit of time off and and am now back testing out the system once again. Admittedly, I fell into the trap of trying a system, having a few losses, getting pissed off and moving on. I had to step away and take hard look at my trading habits. It's one of the downsides of the Forex-Station - there are so many great things going on it's hard not to chase after every shiny new indicator or system thinking its the holy grail.
I appreciate your trading consistency and willingness to help so many of us.
Backtesting has proven to be consistent, so I'm starting a small live account today to forward test. I'll post charts moving forward as I have questions. Again, thanks for your help.
I joined Forex-station almost 2 years ago, of the time I have spent on here more than 95% would have been in Xards thread. For the first 3 months, I was comparing his system to another that I was using at that time. Then I made the decision to trade Xard only, the one thing that stuck in my head was his profit. If there is a more profitable system freely available I am not aware of it. In the time I have used this system I have had rough patches even a period where I could not open a trade. But at no time have I gone to anything else, what kept me on this system is seeing Xard showing 20, 30, 50 and even 142% in one day. Privately he has told me has an odd day where he makes a loss and quits for the day when his threshold is broken.
One day I will get to 100% profit the day, that day is getting closer as my results keep improving. I trade with exactly what I have posted here and won't change unless there is a very good reason to. My belief is it is far better to just trade one system and get to know it well. Not wanting to take anything away from Xard but I think a lot people follow his system waiting for the next version that is going to magically turn them into a super trader. The system is not the biggest thing that affects your profit is your own psychology, some say it is 80%, I believe it is more than that. Tom Hougaard's Psychology material helped me a lot, I tried following his Telegram trades and quickly gave up that when I was 60 pips in profit on the DAX and he was -5 and talking about shorting while I was long. The biggest thing I learnt from him was that going what will make you profitable is the hardest. Closing your losses quickly instead of hanging on to the hope they will turn around and letting your profits run instead of closing when you have a small profit.