Hahaha, right? What a mess. It's like a big neon sign screaming "come on in" to a casino. As for the flunkies complaining about his comment, come on man, do you really expect that most people don't already think the same thing when the first thing on your original post is a honking screenshot with five million different things loaded? It's enough to give someone suffering from epilepsy a seizure.
I'll have to be a bit aggressive here but i hope you don't take it against you or your trading system, i only wish for my things to be done and i believe you can help, you said that you will be happy to help many times, im only asking to help me find a good backtester that can go years behind without having to manually see each month, each day, and each timeline in the chart
The weekend 100+ pips that you got looks like an impact that hit the market due to Government shutdown rumors and the French elections
I'm using a strategy that looks similar to your system, i have been testing the system manually for almost 6 months, now i wish to find a tester that takes all these rules that im putting so it can test it beyond the 6 months limit, and your system looks like it has been filled with indicators just like mine and i hope to know what testing software you were using before you put all these indicators together
This photo is to show that the answer to my question will be most important and appreciated, thank you
{quote} I'll have to be a bit aggressive here but i hope you don't take it against you or your trading system, i only wish for my things to be done and i believe you can help, you said that you will be happy to help many times, im only asking to help me find a good backtester that can go years behind without having to manually see each month, each day, and each timeline in the chart The weekend 100+ pips that you got looks like an impact that hit the market due to Government shutdown rumors and the French elections I'm using a strategy that looks...
Well how do you know that the same signal that you are trading will continue to repeat itself over time and was repeating itself forever, that questions puzzles me and i find all the backtesters in the market ridiculous and non-directed towards something useful, it just shoves all the indicators together and puts some criteria and neglects other criteria
Well how do you know that the same signal that you are trading will continue to repeat itself over time and was repeating itself forever, that questions puzzles me and i find all the backtesters in the market ridiculous and non-directed towards something useful, it just shoves all the indicators together and puts some criteria and neglects other criteria
Ignored
I do not understand what you're talking about
My Robinho 1x8 operations are with my 2296 SETUP
The operations I did on post 2564 were made in another way ... (exception)
I do operations every day Robinho 1x8 and nothing else
Well how do you know that the same signal that you are trading will continue to repeat itself over time and was repeating itself forever, that questions puzzles me and i find all the backtesters in the market ridiculous and non-directed towards something useful, it just shoves all the indicators together and puts some criteria and neglects other criteria
Thanks for participating lemercenaire i hope you understand that im not asking about the fact that price can go against you anytime as a major rule of trading, my question was more towards how do you define that a pattern is right since you saw that pattern repeating itself for like 3 months or so in the past.
I read everywhere that if you backtest for a longer period you would get a better insight on the trading system that is being used.
So to be more precise in my question, would a period of manual testing for 3 months in the past be enough to prove that the pattern actually exists in order to start using it to trade on a live account, and if its not enough what would be the most suitable amount of time to manually backtest a strategy that applies on a repetitive pattern
{quote} Thanks for participating lemercenaire i hope you understand that im not asking about the fact that price can go against you anytime as a major rule of trading, my question was more towards how do you define that a pattern is right since you saw that pattern repeating itself for like 3 months or so in the past. I read everywhere that if you backtest for a longer period you would get a better insight on the trading system that is being used. So to be more precise in my question, would a period of manual testing for 3 months in the past be...
Ignored
I have the following opinion
Any forex method ,,, is a matter of Probability ...
For example ... the Robinho 1x8 method
How likely are we to win against the stronger against the weakest currency ... do you know how? Using 100 pips of stop and 05 pips of tp?
What is the probability of winning with 50 pips of stop and 05 pips of tp?
With 20 pips of stop and 05 pips of tp?
With 10 pips of stop and 05 pips of tp? (Here it gets more difficult)
With 15 pips of stop and 7.5 pips of tp?
With 20 pips of stop and 100 pips of tp? (This one would be a dream, to win 05 times more)
All these possibilities nobody knows, do you know why? Friends do not test ... nobody makes the entries for 03 months or more to know what has the best probability ...
I make entries through this method every day ... here in Brazil I wake up at 04:00 in the morning ... nobody wants to have work ... even showing the victories, friends always ask for EA ...
I'm working with 15 pips of Stop and 7.5 pips ...
I speak Forex is probability ,,, see the candle change D1 ,,,, just look at candle D1 when candle changes color ... We can also make entries with MACD in H4 or D1 ... we can make entries in the resistors and supports ... but see one thing ... is it always that the rules will work? ... no
do you know why?
The market has no rules ... So a lot of operators when they take stop start looking for a new method, ...
The big secret is knowing how to manage RISK x REWARD
No matter the number of stops ... the important thing is to arrive at the end of the month and to be green.
But who does constant testing? Most give up halfway and never know the probability ... you never know whether what you're doing makes a profit or not ...
Changing, changing, changing, and changing
Choose a method and do it every day ... do not keep changing ... so you'll know if you can or can not continue in the forex market
My sincere thanks to you now feel more confident to continue what im doing, pardon me if i was a bit weird in my way but im trading since 2015 and everyone over the internet talks about backtesting as if its the holy grail, it is important to test for sure but the way its advertised is giving it a lot of credit
{quote} Thanks for participating lemercenaire i hope you understand that im not asking about the fact that price can go against you anytime as a major rule of trading, my question was more towards how do you define that a pattern is right since you saw that pattern repeating itself for like 3 months or so in the past. I read everywhere that if you backtest for a longer period you would get a better insight on the trading system that is being used. So to be more precise in my question, would a period of manual testing for 3 months in the past be...
Ignored
If you have a set of rules - rock solid, never changing - then you would assume that yes, the longer you back-test, the better your data will be. However, as Carneiro says above, you can do all that to your heart's content and it means the square root of absolutely nothing. Why? Because the market is always evolving - morphing into the next movement pattern. It's like major Hollywood studios trying to find the magic summer blockbuster formula. It worked before, so it must work again (and again), right? Well, we know how that goes...
The only way to test a method is to stress-test it (and oneself) in live forward testing.
When it all comes down to its most absolute basic. You can trust this: Price will either go up or go down. Even when we talk about ''sideways'' markets, price is still moving up and down, just in smaller ranges.
This imo is what makes Carneiro's method so worthwhile. If we know that price is going to move. What will give us an edge? The answer to ''what will make price move? What currency is strongest? Which currency is weakest?'' After all is said and done, that is what it boils down to, one currency being stronger than the other...and this is what Carneiro's method is helping us crack.
I see Carnerio's system as actually more than a trading system, to describe this in words, it simply enlightens and enforces my believes, also i noticed that he is a humble and nice guy who doesn't like to be praised too much so i will stop there lol
{quote} Because the market is always evolving - morphing into the next movement pattern.
Ignored
So a pattern exists and can be defined by a set of rules, if i understand correctly, but knowing which currency is stronger is the best way to trade this pattern. I guess this further more solidifies my believes .. thank you Lemercenaire, merci beaucoup*
