First back testing...

Discussion in 'Trading' started by farmerjohn1324, Jan 1, 2020.

  1. schizo

    schizo

    Whether you're discretionary or mechanical, it all boils down to one thing: PRICE PATTERN.

    Find the profitable pattern and stick to it, come rain or shine. However, in order to find a pattern, you need the help of a backtest.
     
    #21     Jan 4, 2020
    nooby_mcnoob likes this.
  2. I would agree with this wholeheartedly. I just wouldn't necessarily make it an automated backtest. And I find my price patterns (usually) by experimenting with the data.
     
    #22     Jan 4, 2020
  3. schizo

    schizo

    Price pattern need not be limited to chart patterns. It could be a pattern of price flow, eg. DOM. But you need a price pattern nonetheless to become a profitable trader. And I want to stress that it must be "consistently applied".
     
    #23     Jan 4, 2020
    nooby_mcnoob likes this.