I am no longer trading The Old Beast.
I guess if a thread dies we can all pretty much assume the method doesn't have wheels. Accordingly, you can pretty much assume this is my final post on this thread.
It's predictable. As soon as I tell someone how great a trading method is, I can count on that method going backwards on me. Maybe if I had stayed with the pure system, and taken smaller losses, I would have stuck with TOB. As it happened, I narrowly escaped with my skin.
In a nutshell, and as best as I can recall, here is what happened. After I hit that peak, nearing Dec. 1, 2011, I got caught in some trades that refused to retrace. Doesn't really matter which pair, it could happen anywhere. I tried saving myself by taking a large hedge trade to stop losses and assuming we were in a solid trend. Naturally, the hedge went sour and things got worse. I closed all trades, and took the hit.
Dusting my self off, I started with TOB again, only to have a repeat in early February '12. At that point I stopped trading TOB and worked mostly on demo, with a few trades that really didn't pan out. Then another hedging episode late 2012 and I really lost most of my shirt.
About that time I was reading that EUR was taking off, and JPY was hitting the skids. I did some reckless trading, with some more stupid hedge trades, and somehow have managed to recoup my losses, mostly due to blind luck. It was a terrible rollercoaster ride and I was on the verge of getting out of Forex entirely. But as it finished, today I am a few thousand up.
I am giving up TOB, because while it seemed to have steady growth, I have been unable to manage my account when the pair continues to trend and refuses to retrace and I am stuck with some bad Martingaled trades.
So where from here? Well, I really spend a lot of time fooling around with the demo accounts, but will be going live with Nanningbob's 10.4 system.
http://www.stevehopwoodforex.com/phpBB3 ... =38&t=1481. It is the most sensible, and realistic method that my feeble brain can understand. As of today, the system is manual trading, but I will consider EAs as they come available.
As far as auto trading systems, I am closely following Bunker's Double Big Mac and will probably give it a shot, when the demo testing settles down.
http://www.stevehopwoodforex.com/phpBB3 ... =51&t=1289
I really appreciate Steve providing a link to this thread "for inspiration", but I just wanted to let you all know that I have moved on. But then, I suppose you already knew that.
Cheers.
Sam
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