Am I ready to go live or should I test my system a little longer for a while.

http://www.myfxbook.com/members/wasim/alpari-demo/1079172

^^^ I am testing one strategy in demo for the last almost 2 months and it is showing pretty good results. Overall strategy is very simple in which I throw random buys and sells on a particular pair (mainly EUR/USD and GBP/USD) keeping in mind the bigger trend or small trend picture in mind. If the trend is long I will still add shorts but relatively less then longs. There is no SL and there is only TP. TP's are added to the nearest swings in most of the cases. Only risk management I do is to keep the lots sizes small as compared to the overall equity. The inbuilt disadvantage in this strategy is the floating loss which is unavaoidable and the only solutionI try to apply is to get more TP's so that the overall profit is always more then the losses. This is not a Grid or AntiGrid system neither this is a martingale or hedging system or pyramiding system(even though sometimes pyramiding and hedging happens automatically due to random buys and sell). There is no EA and I only add positions after my day job for only 3 to four hours manually.


Apart from this short term trading strategy I am strong supporter of trend following strategy and I am trading real money for last couple of years in Equities with good results.

Awaiting your responses and criticism

http://www.myfxbook.com/members/wasim/alpari-demo/1079172

^^^ I am testing one strategy in demo for the last almost 2 months and it is showing pretty good results. Overall strategy is very simple in which I throw random buys and sells on a particular pair (mainly EUR/USD and GBP/USD) keeping in mind the bigger trend or small trend picture in mind. If the trend is long I will still add shorts but relatively less then longs. There is no SL and there is only TP. TP's are added to the nearest swings in most of the cases. Only risk management I do is to keep the lots sizes small as compared to the overall equity. The inbuilt disadvantage in this strategy is the floating loss which is unavaoidable and the only solutionI try to apply is to get more TP's so that the overall profit is always more then the losses. This is not a Grid or AntiGrid system neither this is a martingale or hedging system or pyramiding system(even though sometimes pyramiding and hedging happens automatically due to random buys and sell). There is no EA and I only add positions after my day job for only 3 to four hours manually.


Apart from this short term trading strategy I am strong supporter of trend following strategy and I am trading real money for last couple of years in Equities with good results.

Awaiting your responses and criticism

Of course you're ready to go live ... trading demo is just a waste of time besides it doesn't matter how well you do in demo because you'll lose your first account or first few accounts anyway ... that's just the way it is .... so might as well take the plunge

And I'm not impressed with few numbers in your statement ...
359 trades in less than 30 trading days ... BIG NO ...
Worst trade is higher than the best trade .... This does not talk good about Money Management ...
Consistent higher draw down ... again lack of planning and money management ..
Even if you want to demo trade, trade a much smaller account size ... say 3,000 or maximum 5000$ demo accounts ... This will not only tell you more about the strategy, it will tighten your money management ...
Trade less ... earn more ... less stress ...
Trade higher TF ...
Feel free to ask me any doubts / questions ...
I was also a newbie ... 8 years back ..
All the best ... :thumb::thumb::thumb:

I think it is not a wast of time (With all my respect to what you posted), but it should not be valued as: I know it now and now I can beat the market. Here your above post tells the absolute true.

I think it is fine to use any demo to test what we already know about trading and to test if the plattform can serve what we are asking for or have in mind we want to use. But here we again come to the point where we have to know what we want to see or use in our trading.

Take care and have a nice weekend / Dan

http://www.myfxbook.com/members/wasim/alpari-demo/1079172

^^^ I am testing one strategy in demo for the last almost 2 months and it is showing pretty good results. Overall strategy is very simple in which I throw random buys and sells on a particular pair (mainly EUR/USD and GBP/USD) keeping in mind the bigger trend or small trend picture in mind. If the trend is long I will still add shorts but relatively less then longs. There is no SL and there is only TP. TP's are added to the nearest swings in most of the cases. Only risk management I do is to keep the lots sizes small as compared to the overall equity. The inbuilt disadvantage in this strategy is the floating loss which is unavaoidable and the only solutionI try to apply is to get more TP's so that the overall profit is always more then the losses. This is not a Grid or AntiGrid system neither this is a martingale or hedging system or pyramiding system(even though sometimes pyramiding and hedging happens automatically due to random buys and sell). There is no EA and I only add positions after my day job for only 3 to four hours manually.


Apart from this short term trading strategy I am strong supporter of trend following strategy and I am trading real money for last couple of years in Equities with good results.

Awaiting your responses and criticism

Very good results for two months :thumb:. I have a good feeling about your strategy, as it's pretty simple, based on evident market properties and don't require much calculations on top of this. Frankly, I wouldn't have moved to Hotforex, if Alpari didn't rip me off because of so called off-market trades. Anyway, be careful with them.

Of course you're ready to go live ... trading demo is just a waste of time besides it doesn't matter how well you do in demo because you'll lose your first account or first few accounts anyway ... that's just the way it is .... so might as well take the plunge