Light bulb moments? That’s what you get when you start using Trade on Track. I know this because I’m living it. Yes, I designed and wrote the system with the intention of it being a useful analysis tool (among other things), but it’s even blowing my expectations out of the water with the information it’s giving me.
Just about every day I’m learning something new about my forex trading – what’s working and more importantly, what’s not working for me. If you’re like me and you’ve been trading a few years, you may think you have a pretty good grasp on your trading systems and which ones you like best and which ones work best for you. Well, with some proper analysis (which Trade on Track does for you with very little effort), the facts may be totally different to what you originally thought!
As an example, one of my trading methods used bollinger bands and I had done some fairly thorough backwards testing before employing it. And, while using it, it seemed to have it’s share of winners and losers. I firmly believed that overall it was making me money, and as it was a nice simple system to use – I really liked to use it whenever I could. Trade on Track has now shown me a picture which is completely different – and I’m seeing just how much my bottom line is affected in a negative way by using this method. To my horror, the bollinger method is not even performing as well as my so-called “whim” method (basically, that’s when you hastily enter a trade on gut feel … ugh). Oh well, back to the drawing board on the bollinger method. I’m confident that with a few tweaks it can be greatly improved – so I will focus on doing just that before wasting any more real money on it.
By the way – if you have a “whim” method of your own – make sure you always trade it in a play account unless you know for sure it’s actually a “win” method.
Good luck and trade seriously!
Tags: forex trading, trade analysis
