Thoughts of a beginner | Page 2 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

"Beginner" really need advice 49 replies

Beginner Questions 96 replies

beginner advice please 8 replies

Beginner's blog 0 replies

Beginner's Section Moderator Choice? 14 replies

Thread Admin: Thoughts of a beginner

Posting Controls

Edit Thread Title

Edit Time Remaining: Expired

Linked Trade Explorers

Attached Poll

There is currently no poll. Add Poll
Attachments: Thoughts of a beginner
Exit Attachments

Thoughts of a beginner

  • #21
  • Dec 8, 2019 7:43am Dec 8, 2019 7:43am
It's been over 14 years since the initial post, what are your thoughts now?
  • #22
  • Dec 8, 2019 10:00am Dec 8, 2019 10:00am
As I see in my backtests - there are periods when any strategy just don't work. Those periods can last for several months till about a year. And then it works again.

Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy_20yers.png Size: 49 KB


As you can see here I backtest USDJPY for 20 years using open prices modeling - so it is quite precise even without real ticks.

So idea is to set up N paralel strategies/setups. N is more than 10..
  • #23
  • Dec 31, 2019 8:35am Dec 31, 2019 8:35am
What causes this, what do you think?
  • #24
  • Jan 1, 2020 4:54am Jan 1, 2020 4:54am
Quoting mlawson71
What causes this, what do you think?
Market conditions change.. from trendy to choppy and if you were optimized 1 EA for trendy market then in choppy will be drawdown and vice versa. The solution is to optimize multiple EAs and run them in parallel so they compensate.
  • #25
  • Jan 1, 2020 6:57am Jan 1, 2020 6:57am
Quoting mlawson71
It's been over 14 years since the initial post, what are your thoughts now?
He is now out of this community; I see, only few old ID’s are active till now!
  • #26
  • Jan 10, 2020 11:29am Jan 10, 2020 11:29am
yes , right now very few senior traders are active on this community
but sounds not good. i dont know why they dont post.
  • #27
  • Jan 10, 2020 12:26pm Jan 10, 2020 12:26pm
question about beginners really not active that was before. wherever it is this community is very good from all above all for economic calendar.
  • #28
  • Jan 13, 2020 10:16am Jan 13, 2020 10:16am
yes , for news trading from my first day of trading
i have been using this which really supportive to bring good result.
  • #29
  • Jan 14, 2020 9:06am Jan 14, 2020 9:06am
You traded news as a newbie? Were you successful? Because my attempts to do so as a newbie were a mess.
  • #30
  • Jan 21, 2020 1:00am Jan 21, 2020 1:00am
not at all Mate , i trade during news as a new Forex trader but not was profitable . its always a complicated issue for me. and still after passing a long time in here i avoid news trading.
  • #31
  • Jan 22, 2020 5:06am Jan 22, 2020 5:06am
News time is crucial since i also had a bad day when i started trading on live account and i still remember it was friday and all of a sudden news release wiped out the entire account. Though it was hard to let go and start again yet i did managed and now doing great than before.
  • #32
  • Jan 22, 2020 8:46am Jan 22, 2020 8:46am
That has happened to me too, several times. It taught me to follow the economic calendar very closely.
  • #33
  • Jan 24, 2020 5:23am Jan 24, 2020 5:23am
Quoting mlawson71
That has happened to me too, several times. It taught me to follow the economic calendar very closely.
Even I follow the economic calendar sincerely. Works out well.
  • #34
  • Jan 24, 2020 9:02am Jan 24, 2020 9:02am
Quoting tim12
{quote} Even I follow the economic calendar sincerely. Works out well.
ForexFactory has a pretty great calendar function, I usually check this one.
  • #35
  • Mar 10, 2020 4:41am Mar 10, 2020 4:41am
its a very good source really for the traders who particularly trade on during news. FPA is very much popular for their review site , baby pips are known for educational activities and Forex Factory is most usable for their economic calendar for all kinds of traders even beginners.
  • #36
  • Mar 10, 2020 9:40am Mar 10, 2020 9:40am
I completely agree with you.
Take your information from legitimate sources like these and trade according to that information.
  • #37
  • Mar 11, 2020 9:52am Mar 11, 2020 9:52am
Quoting HajiMohsin
its a very good source really for the traders who particularly trade on during news. FPA is very much popular for their review site , baby pips are known for educational activities and Forex Factory is most usable for their economic calendar for all kinds of traders even beginners.
do you trade on news ? there is very few traders who like trade during that time. are you profitable on that ?
  • #38
  • Mar 11, 2020 10:42am Mar 11, 2020 10:42am
People who can trade news well are very profitable, but learning to do that is not easy at all. And it often involves a lot of trial and error.
  • #39
  • Mar 12, 2020 12:24am Mar 12, 2020 12:24am
Quoting HajiMohsin
its a very good source really for the traders who particularly trade on during news. FPA is very much popular for their review site , baby pips are known for educational activities and Forex Factory is most usable for their economic calendar for all kinds of traders even beginners.
Remember they had useful feature in their news calendar - you could look reaction of a currency pair to the news release. It was helpful to gauge short-term and long-term impact of the data.
  • #40
  • Mar 20, 2020 12:18pm Mar 20, 2020 12:18pm
I completely agree with you.Take your information from legitimate sources like these and trade according to that information.
0 traders viewing now