Yes, this happens to most forex traders out there.
It happen to me too.... :)
But I am here to tell you to stop DREAMING!!!!
Every new forex trader might hop from one forex system to another in a short time.
This is known as 'System Hopping' and this is normal for new traders.
The question is how long are you going to keep changing your forex system?
Along the way, there will be a realization that the Holy Grail doesn’t exist. The best you will be able to find or create will be a system that has great consistency.
Your system will have a decent win-loss ratio.
This win-loss ratio can refer to the number of trades or the number of pips.
Some good systems (most good systems) will have a higher number of wins than losses.
A few systems will have many small losses and a few large wins that make up for the losses and then some.
Either way, your good system, will enable you to come out ahead over a certain period of time. A 65% win and 35% loss ratio is great!
Once you have gone on your Forex trading system search, you will finally settle on a system that you like and feel comfortable with.
This might be a system you created or bought, or a mixture of the two. Whatever the case, you have your system, now it’s time to get to know this system inside and out.
You want to learn how your system performs in every market condition. You want to learn what kind of win-loss ratio your system has.
You want to know what kind of losing streaks your system has and what kind of winning streaks it has.
These kind of discoveries will be uncovered initially in back-testing your system.
You will do this by scrolling the charts backwards and then seeing all the trades you could have taken, paying close attention to the losers as well as the winners.
You can do this by simply seeing the trades as they have happened.
This will give you some confidence in your trading system.
Next, you will want to not only scroll backwards in time, but move forward one candle at a time, not seeing what the next candles are.
This kind of back-testing gives you confidence in your trading system, you will need this confidence when you are trading live.
You want to be able to trust your trading system. This is critically important because your system will be giving you signals to take trades when the future is uncertain.
Stop the system hopping and devote some good time to learning one system.
One decent system when traded consistently will make you money, system hopping will never ever make you money in any kind of long term way.
Yours sincerely,
Check Out my other posts here- My Justinnation
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