Update: Sunday, Dec 9th 2007
I just finish backtesting the newly revised method and the stop-loss is far smaller than I originally thought it would be.
New stop-loss size: 100 pips max (losses can be smaller of course)
Demo-Testing and Live Trading will be conducted for the next 3 to 6 months to confirm backtesting results.
DD (Drawdown) can still be high but stop-loss max will be maintained at 100 pips.
At this time based on the old method I have two open positions:
Long GbpJpy 227.23
Long GbpJpy 225.00
Upon today's market open I will closed these two positions and post up their results and move on to the newly revised method.
Titan