@MrBenn (and other respondents), Not to be an a$$, but you'all DID notice that the OP asked this question in 2011, right?

How much backtesting is enough?

PF, How would you rate the book? Worthwhile to read? Best, Dave

Van Tharp Offers Free Book, Trading Beyond the Matrix

Well said Jim. Although I would state that it's the "common" gambler who understands expectancy, proper bet sizing, and the law of large numbers in order for his/her expectancy to play out over a large number of frequent bets.

Staying In My Lane - A Read-Only Journ(al/ey)

Wise decision Steve! I for one would have left the trade on... only to watch my account get drained!

Set and Forget

Closed all positions. Combined account = $411. Down ~9% from initial equity of $450. Best, Dave

A Simple Trading Method

Today's updates: Closed Buy Trades: CADCHF 700 units ($3.98) (1 ATR loss) GBPUSD 400 units $12.39 (3 ATR win) Closed Sell Trades: USDCAD 685 units $0.008 (BE) AUDCAD 750 units $0.05 (BE) Open Trades: Please refer to post#1 for updated plots of the ...

A Simple Trading Method

Today's updates: Closed Buy Trades: AUDCAD 750 units ($3.88) AUDUSD 800 units ($4.04) Closed Sell Trades: None Open Trades: Please refer to post#1 for updated plots of the NAV for the combined accounts, and the combined %gain/loss. I'll also ...

A Simple Trading Method

Today's updates: Closed Buy Trades: NZDUSD 740 units $0.01 (BE) Closed Sell Trades: EURAUD 460 units ($4.13) (1 ATR loss) USDJPY 750 units ($3.91) (1 ATR loss) Open Trades: Please refer to post#1 for updated plots of the NAV for the combined ...

A Simple Trading Method

Today's updates: Closed Buy Trades: USDCAD 685 units ($3.91) (1 ATR loss) USDJPY 750 units $0.101 (BE) Closed Sell Trades: USDCAD 760 units $0.009 (BE) EURUSD 600 units ($3.98) (1 ATR loss) Open Trades: image image

A Simple Trading Method

Today's updates: Closed Buy Trades: EURAUD 475 units $0.005 (BE) Closed Sell Trades: NZDUSD 740 units ($4.22) (1 ATR loss) NZDJPY 615 units ($4.24) (1 ATR loss) AUDCAD 800 units $0.02 (BE) USDJPY 750 units ($4.25) (1 ATR loss) Open Trades: ...

A Simple Trading Method

Thank you Pickles!

A Simple Trading Method

Today's Closed Buy Trades: NZDUSD 740 units ($4.53) (1 ATR loss) NZDJPY 615 units ($4.00) (1 ATR loss) USDCAD 760 units ($4.16) (1 ATR Loss) Today's Closed Buy Trades: NZDJPY 615 units $0.001 (BE) NZDUSD 740 units $0.002 (BE) AUDUSD 800 units $0.04 ...

A Simple Trading Method

Hi Steve! Yeah, unfortunately BE alerts in the middle of the night can be a pain... being in the Eastern Time Zone, I get alerts once the London market opens (3 AM EST) as well as alerts during the later hours of the Asian/Australian/NZ open (for ...

Another Journal...

Actually, it doesn't "mean" anything at all, unless of course you have a crystal ball, or sufficient statistical data with 100% certainty, to know where price is going to move to next.

The Gorilla Method

See you in the New Year Steve! Get healthy soon! Dave

Set and Forget

You're still going strong Steve! Keep up the great work!

Set and Forget

Hey Steve, How's the trading going? looking forward to your update... your current DD will just be a minor blip over the long-term... Best, Dave

Set and Forget

Wow... great idea!

The Killing Floor