Having a program like Forex Tester 2 or something along those lines can also benefit you. It allows you to go back to as early as 2000 and trade bar by bar (of what ever TF you want) and you make the decision to trade or not before moving on the next bar. It is much like live trading only you control the pace. You can also choose a few exclusive pairs (not commonly traded) to help remove the bias and check your system (provided it works on all pairs).
It is difficult to be discretionary in trading when eveything is curve fitted either through optimising an EA or optimising your backtesting scope (ie only taking the trades that you at least subconsciously know will work). The ultimate test is trading in the now and it will tell you almost instantly whether you have an edge or not. If you have an edge and you understand it then you will have very little problem executing when the time presents itself. You will have behind you a trust based on the level of backtesting. How well that edge is defined will be found out in real time (and whether your edge is actually anything at all). If you dont trust in the backtested results then the chances are that you will find it hard to pull the trigger no matter how the market/s set up.
Hindsight is always 20/20 and the markets are human emotions which means they tend to have some repeatable patterns over time which allows for at least a moderate amount of clear vision.
Razor
It is difficult to be discretionary in trading when eveything is curve fitted either through optimising an EA or optimising your backtesting scope (ie only taking the trades that you at least subconsciously know will work). The ultimate test is trading in the now and it will tell you almost instantly whether you have an edge or not. If you have an edge and you understand it then you will have very little problem executing when the time presents itself. You will have behind you a trust based on the level of backtesting. How well that edge is defined will be found out in real time (and whether your edge is actually anything at all). If you dont trust in the backtested results then the chances are that you will find it hard to pull the trigger no matter how the market/s set up.
Hindsight is always 20/20 and the markets are human emotions which means they tend to have some repeatable patterns over time which allows for at least a moderate amount of clear vision.
Razor