Spearion keep in mind I'm talking about a mechanical/mathematical system here not a method or discretionary trading. A lot of people don't understand the difference.
As for your comment stating the rest of my content being highly subjective is bewildering to say the least. Money management/risk management is paramount when trading. Trading for the sake of trading is illogical and a sure way to lose out in the end. Higher time frames give you a broader look therefore a more accurate indication as to where the momentum is heading.
No mechanical system is immune to drawdown. No method with loser parameters is immune to drawdown. All traders experience drawdown. Question is can you recover from it or not. The problem with a mechanical system is there is no flexibility otherwise it won't be a mechanical system. Mechanical trading is statistical trading, in other words you have backtested with defined parameters from historical data, from that you'll get a profit/loss expectation. In other words you can't change your rules as you go along. Forex always runs into drawdown that the float cannot ever recover from. You can strategize with discretionary trading. You can't with M-systems.
Show me a mechanical forex system that is profitable over the long term!
