Imagine that System A has seventy percent winning trades, making thirty pips profit on the wins and losing forty pips on the losses. System B has forty percent winning trades, seventy pips up on the wins and 30 pips down on the losses. System B will make a touch more profit in the long run, it will often have runs of many losses in a row. This can be really tough to handle psychologically and could result in the trader losing faith in the system and quitting when he was down. On the other hand it can also be hard to deal with systems that have huge single losses. Does It Fit My Trading Style?
Currency exchange traders hunting for day-trading systems have different wants than long term traders. If you only have a tiny window of time when you can trade, you may need a system that works really well for a selected currency pair that’s active at that point. There could be many factors like this to consider when considering forex day trading techniques depending on your current position..
