A question to FOREX traders

[Alberto Torchio <atorchio@xxxxxxxxx>]

Dear Listmembers,

I am developing a trading system to trade FOREX and, since I am planning to position 
trade, I am using end of day data.

Now the point is "what is EOD in FOREX"? I am using the Federal Reserve Bank of NY data 
that is the noon asked price. How good is this to simulate real trading? If I place my 
trade each day at 12.00 am I going to have the same price that the FRB is reporting?

The URL is:
http://www.ny.frb.org/pihome/mktrates/forex12.shtml
 
Thank you for your collaboration.

Alberto Torchio
 Torino, Italy