Hello all,
I'd like to share my views with you. There are certain things you should follow while buying a currency broker trading system
1. Understanding the basis of the logic of the system.
2. The system should aim to catch the long-term trends; day trading currencies has less probability of success than long term trading.
3. Simple systems tend to work best, as they are stronger in the face of changing market conditions. There is no link in currency trading systems between complexity of systems and their success.
4. Look at the maximum drawdown from peak equity. This is important in terms of money management, as you need to expect your biggest drawdown is ahead and commit sufficient funds to cover these downturns.
5. Not all systems come with real trading records; they can come with simulations over historical data. If the basis is soundly based logic then they can still work well.
6. At last, judge a system over years not months. All systems can have periods of losses.
Hope it may be helpful
