williams system
Hi friends,
just wanted to post my humble opinion here; sorry for my bad english.
First of all, thanks, William for sharing your ideas.
I have been trading about 20 years now, many years of that time daytrading and trying to beat the brokers...lol ...and I have seen many systems come and go.
From what I have learned about the markets, this system might work, BUT you need a VERY big account to do it. 100 k is not enough to trade it with the parameters of the last trade.
You must accept, that the trade was at the edge of a margin call, if it would have turned around after triggering the 20lot short and then running north...it really was a last-minute-lucky-punch today...
Sure, it can win 10 times in a row in hours or even minutes, but if this trade was a bad scenario, what will happen in the worst-case-szenario?
I have seen this pair ranging for a much longer time, what we have seen over the last days, was nothing at all.. it could have ranged another 3,4 days easily...
Something else: no broker steals money on a demo account, why should they do this? Demos show only the best scenarios, not the reality.
What would happen on a real account? After winning 3-5 trades, ANY MT4broker would set you on manual execution and sabotage and manipulate every single of your pending orders by delayed execution, huge slippage etc.
You must control then not only the pending orders, but also the different status because of bad fills, gaps etc. etc.
Again, I dont want to be pessimistic or tell you, that this system does not work, but as a trader we must get rid of any wishful thinking.
IMHO, the system as it it, might win 5 or 15 times in a row, but the day will come, when a ranging market will result in a bad margin call or even burn your account to zero....
But even so, I think it makes sense to keep on working on that idea, but please do not try this now on a low funded live account...
Thx again William and good trades for all of you!