My strategies are very simple either a 2 or 3 EMA. I optimise the entry but set a 2:1 R2R, meaning willing to risk $500 to make $1000 each trade. I want to keep my system as simple as possible. One thing is I do not want is a buy and hold strategy, I am a trader and see this as passive income if it works out.  You read everyones posts and everyone has a different time frame some use 15 mins some use daily, light years apart if you ask me. For me my main goal is profit, followed by an income stream no matter how small a profit is always a good thing. I do not want to sell AUD/USD and cover at 68cents. More than happy to take 60 pips here and there, providing my strategy has me making a profit. I feel daily charts is missing my goal of regular profits. I feel the best time frame for me is 4hr but then I read a recent post and the guy said he has his best stratgeies on 15 mins and that he is unlikeley to look at anything above 1hr.

Forums are great if the person on the other end is experienced and knowlegable and not just a 14yr old keyboard commando. I find it usefull if people can just be direct and say 15 mins is the best for short term quick profits and daily charts are used for buy and hold. People dont need to give out their code, but be willing to give more than just a post. There must be an easier way than backtesting every time frame known to man surely????

My expensive lesson is nearing 20k in 5 months – mind you from my backtesting alone losses are about 6k. I used to trade manually before – BIG MISTAKE. This is not easy and will take time – just wish I didnt throw $20k down the toilet.

Confused as hell.

Chris