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But I have a question: I have been following and reading your posts since 2019 -
I see you practice backtest and demo trading with reversal orders very successfully, very high win rate... why do you give up this trading style now? Thanks, have a green pip day! {image}Ignored
Hi Jesse,
Great work by you today
I am not quite sure regarding your question.
I do not backtest in a conventional way (I will do it visually not mathematically).
To study I will use a Trade Simulator which prints up a past date and then moves the market in realtime for me (tick by tick by whatever timeframe I select).
I did this to study how (and when) the market might approach and/or leave any and ALL targets.
To this end I do still trade reversals away from any perceived end-of-runs exhaustions, as well as I also trade with the market to the next targets.
Which way is the current trade is based on the time & session & current price when I am in my trading window. I trade very few hours & times a day.
Sometimes the market does not go in my trade direction initially and I have to babysit the trade until it redirects. Which takes longer.
I only trade one pair currently (a personal reason not a market reason. I mean my pair is no better or worse than ANY instrument - mechanics are still the same).
I have set my live account to a balance I want for equity/leverage/trade lot size where +15p provides my needs & wants per day. Any more is bonus.
The "p" in my 15p also means NET profit - not just a pip count - so 15p is a net profit AFTER the commission is deducted from payout.
(Spread does not come into any final profit figure as it only represents an initial drawdown/loss trade goes into after you push buy/sell and doesnt factor profit/loss)
Your trading looks excellent from where I sit.
Everyone has their own style they are comfortable with. Each trader must find their style/comfort - and then enjoy their trading
Wishing you well, sir.
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