Originally posted by Bogdan G on bots.com school. Click here
for the full review.
Why the Floor Trader Strategy doesnt suck?
This strategy is based on one of the strongest principles of trading and that is The trend is your friend. And what better place to join the trend than after a retracement? From my experience, it gives accurate signals and they occur with a pretty high frequency so even the guys that want to trade a lot are satisfied. Multiple trades can be taken during a trend and this maximizes the profits, giving the trader big gains if all the signals are taken.
I might be subjective here, but the fact that I used this strategy and it worked for me, makes it one of my favorites. Some other filters could be needed to avoid the ranging markets and maybe the EMAs should be modified. The best way to know if the Floor Trader Strategy is for you is to test it on a demo account and get used to it. The decision to use it or not on a live account should be made after thorough back testing and forward testing. Dont let all the rules discourage you from using it; good things come from hard work.