It is very interesting to analyze the answers you get when you ask people what they are looking for and if they think that what they are looking for is the automated trading “holy grail”. This mythical piece of code is an EA that does NOT exist which achieves “unbelievable” results. However despite the fact that most people will utterly deny that what they look for is the holy grail – they will always say they know the holy grail doesn’t exist – when you analyze the answer to the question “what are you looking for in a trading system?” you will realize that the bast majority are indeed looking for this mythical piece of code. On today’s post I will talk about the holy grail and new traders and especially the relative character of the definition of this term and why so many people are looking for it even if they categorically reject to be doing so.
What average yearly profit to max DD ratio do you consider realistically achievable ?
Yes, You ARE Looking for the Holy Grail : A Message for People New to Trading
August 22nd, 2010 No Comments