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[QUOTE="new digital, post: 173100, member: 55113"]
There are no forex systems with an edge. The edge of historical back testing , soon disappears on a live account   with non fills, slippage, re quotes , spread widening and other tactics of forex brokers  i.e bucket shop.

An edge has to be present in random games, if in random tests,  back tested trading systems  either casino systems show    profit ,    of   2 to 5 % ( the edge), these systems or games are likely  to make profit.If a system has a 10 % edge , after erosion of the edge , system is likely to   still remain with a profitable edge.The systems or trading games are likely to lose their edge , in a live account situation. In forex the forex bucket shops kill the edge of the forex trader, the remainder of the edge will be wiped out , with slippage  etc.

[B] Definition of an edge: An edge is present before any trades are placed , or any  dice  is rolled in a casino, in a random tests  and live real time trading / rolls of dice. This edge never diminishes . All persons operating this edge , should get the same results, all casinos operating this edge get same results.[/B]

A person  who makes money with a system , which other traders fail to do, is simply  more skilled and professional as a trader. He does not have an edge ,   he has skills  of a professional. He still has a negative edge of the spread in forex. Different types of traders have different skills, they don't have different edges  of fundamental trader edge, technical trader edge.
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