The Backwards System | Foreign Exchange EA Download- MT4/MT5 Resources
I stumbled upon this system. In backtesting, the results are bad, very bad in fact, and if traded backwards, the results would be great.
Trading is so simple that a child can do it. But some people may find it difficult because there is only one transaction per day and sometimes even no transactions. (If you are a day trader who is used to spending hours a day staring at a screen, posting trades and charts on social media, and obsessing over the idea of trading and being an active trader, you may find this difficult.)
First let's examine a simple misconception. I don't believe markets are completely random (chaos), but let's assume they are. For a 1:1 risk to reward ratio, would we assume a 50% win rate? 1 Risk 2 What about reward...33% win rate? Does this mean that if we take three trades and the first two trades hit our stop loss, there is a high chance that the third trade will hit our stop loss?
-------------
Many thanks to hakary for writing this EA.
The results so far this year have been interesting... (unless the broker you are using offers you 10 pips on CADJPY, as shown in this post, in which case I recommend looking for a new broker...)
Trading is so simple that a child can do it. But some people may find it difficult because there is only one transaction per day and sometimes even no transactions. (If you are a day trader who is used to spending hours a day staring at a screen, posting trades and charts on social media, and obsessing over the idea of trading and being an active trader, you may find this difficult.)
First let's examine a simple misconception. I don't believe markets are completely random (chaos), but let's assume they are. For a 1:1 risk to reward ratio, would we assume a 50% win rate? 1 Risk 2 What about reward...33% win rate? Does this mean that if we take three trades and the first two trades hit our stop loss, there is a high chance that the third trade will hit our stop loss?
-------------
Many thanks to hakary for writing this EA.
The results so far this year have been interesting... (unless the broker you are using offers you 10 pips on CADJPY, as shown in this post, in which case I recommend looking for a new broker...)
Attachment to original post (1)
📦 Summary of post attachments (3)
Below are all the files (3) shared in the reply.
💡 Featured Recommendations
✍️ Latest by the author
- •
- •
- •
- •
- •
- •
📌 Popular topics
- •
- •
- •
- •
- •
- •
- •
- •
🔗 You May Be Interested In
- •
- •
- •
- •
- •
- •