{quote} Hello sir please tell me the name if this indicator which shows all pairs on chart {image}
- Joined Aug 2020 | Status: Member | 331 Posts
I test this strategy on day 3. It seems to me that everything is ok. She hasn't noticed any losses.
{quote} As mentioned before, I did read all the thread. If you were talking so much about a higher r:r ratio why was my post perceived as mocking instead of welcomed ? I think I have made way better contributions so far than any other members being fooled by randomness trading it since a few weeks only. Again, I am not gonna post anything more unless one of my post is quoted. Good luck guys !
"Cut your loses short and let the winners Run"
P
Forward testing is random, unless you have the commitment to do it for several months at least, which will give you a headache because you are gonna twist the “system” making your forward testing even more random.
Why can’t you take criticism? It should be constructive for you.
Anyway paper Trading is still an option, haven’t you committed to that already instead of saying that I am full of myself?
I already brought up some very “positive” arguments, that the trades you are taking are made only possible on a momentum day where the ADR is at its highest where all the smart money is entering the market, therefore taking a counter trade after a counter excursion of max 30 pips before to enter is total nonsense, because of macd ? Even worse !
I have given clues how to make it more profitable, such as entering on a pullback, using candlestick patterns instead of macd,
but still it is not “positive”...
If you think that such a mechanical “strategy” is going to work then you haven’t understood a bit about trading. For this to work you will have to have experience in FA and TA to know which trades to avoid, of course only if you use proper MM and high r:r ratio though. A good strategy is about the balance of being able to take trades systematically while avoiding trades in the same time. Because the trades you don’t take are more important, which is only possible with discretion which takes brain and experience.
The market is a very competitive business, it’s not about how good you are but how better you are, therefore a mechanical strategy hasn’t any edge in itself. You are going to experience that by yourself if you are passionated and dedicated enough.
Again, I am not going to post anything more unless one of my post is quoted.
Cheers,
{quote} We can't back test the strategy so we are forward testing it as per instructions and you are calling it random less trading? You are pretty full of your self. Do your thing bro
Forward testing is random, unless you have the commitment to do it for several months at least, which will give you a headache because you are gonna twist the “system” making your forward testing even more random.
Why can’t you take criticism? It should be constructive for you.
Anyway paper Trading is still an option, haven’t you committed to that already instead of saying that I am full of myself?
I already brought up some very “positive” arguments, that the trades you are taking are made only possible on a momentum day where the ADR is at its highest where all the smart money is entering the market, therefore taking a counter trade after a counter excursion of max 30 pips before to enter is total nonsense, because of macd ? Even worse !
I have given clues how to make it more profitable, such as entering on a pullback, using candlestick patterns instead of macd,
but still it is not “positive”...
If you think that such a mechanical “strategy” is going to work then you haven’t understood a bit about trading. For this to work you will have to have experience in FA and TA to know which trades to avoid, of course only if you use proper MM and high r:r ratio though. A good strategy is about the balance of being able to take trades systematically while avoiding trades in the same time. Because the trades you don’t take are more important, which is only possible with discretion which takes brain and experience.
The market is a very competitive business, it’s not about how good you are but how better you are, therefore a mechanical strategy hasn’t any edge in itself. You are going to experience that by yourself if you are passionated and dedicated enough.
Again, I am not going to post anything more unless one of my post is quoted.
Cheers,
LDFX Trading Ltd