A week or so ago, a blog post by Mark advised us to try this same experiment:

Trade the four majors, Risk 4% per trade and set S/L 10 pips over/under forecast.

My results from 2nd Oct - 11th Oct thus far are as so:

GBP/USD +94 Pips
EUR/USD +109 Pips
USD/CHF -110 Pips
USD/JPY +115 Pips

Total +208 Pips

Now guys, I don't want to sound like Mark's puppet here, but surely this is solid evidence that one could devise a successful strategy using the forecasts a solid fundamental base.

These results have been achieved using no chart checks and no forecast strength checks, which are tweo parameters I personally check before entering a trade. There are more, but I won't go into that here.

FYI: Here are my own strategy/system results thus far:

Pair: EUR/USD ( I only trade this pair, as I want to keep risk to a minimum!)

Date Range: 16 Aug - 11 Oct

Profit/Loss +396 Pips / +23% of starting bank of $5000.

These results have been achieved using Marks indicators and the forecasts - PERIOD.

They are also very conservative as I have used very specific T/P and S/L points. The results would have been heaps better ( I estimate as much as 100 Pips/ 10%) if I had access to MT4 whilst trading and could use trailing stops to ride trades further into profit. (Due to timezone, I set up my trades at work, as such I use Oanda, who don't support trailing stops!)

If anyone wants my strategy, they are welcome to it, I am happy to share I am absolutely stoked, over 20% in less than two months using a 5% risk per trade. Not sure what else could give me these potential LIFE CHANGING returns.

I am desperate to go live, but not until both Mark and I are happy that it is the right for me to do so. I want to make sure my strategy works over at least a six month period - got just over four months to go.

If anyone wants my strategy, just post on here (with email address) to let me know...

Cheers

Darren