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Trading Systems and Strategies
London Forex Open Breakout Forex System - Journal
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[QUOTE="joshhart, post: 22924, member: 11702"] So you don't think pips are relevant? Pips are the measurement of how you can compare the performance of systems. If I said I made $10,000 dollars a day on a system then would you be interested in trading it? Sure you would. However I might have only booked 1 pip of profit. It comes down to leverage. A pip is a true indication of performance. What you actually make profit or loss wise will be down to how much leverage you can afford to use, the risks you want to take etc. I think if you are measuring your performance solely in performance terms then you are going to struggle to compare performance. Anyhow here are the results from last week I got with trading this system. I am simply using this thread to log the performance of the London Forex breakout indicator to see how well it performs in relation to the results on their site. So far it seems to be fairly in line with what they post. I am also logging the results made on the EURUSD pair as I suspect that the indicator will work for more pairs. Without decompiling the indicator I can't actually post the logic of the system as I don't know what exactly it is doing. I am sure you can email the guys over there and they will be able to tell you more. EURUSD actually performed better last week and there were not too many signals give. w/c 17th GBPUSD mon no trade tues +60 weds no trade thurs no trade fri no trade w/c 17th EURUSD mon no trade tues -40 weds +120 thurs no trade fri no trade [/QUOTE]
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