Quote:
Originally Posted by peteronmaui  Don't be fooled by Balance, the only one that counts is Equity. I traded a very similar system last summer, my Balance was growing by leaps and bounds, but my Equity was shrinking day by day. I nearly quit my day job, traded the system on three accounts until the day when the gbpjpy did not come up after it had gone down and I took a hefty loss.
If I would not have done that, I would have lost all. In currency trading it's just a myth, that what has gone up, must come down, and vice versa. Currencies don't have to do anything. Study currency charts over many years, and you will see that.
Peter |
IMO AUDNZD is a bit different from GBPJPY. What helps here is the fact that New Zealand and Australia economies are quite correlated so they move slowly and in a relatively tight range. In case of GBPJPY this is quite a different story...