It's actually not very difficult to test at all. There might be nuances you'll have to decide on and keep constant, that's all. Give it a go.
If the lines are going down it essentially says, short at the upper line with estimated profit area at the lower line. What should one do once it is at the lower line (in a down trend), like what it seems to be at the present time on the nice 5-hour chart posted by a very good writer in a previous page. (nice and very good are genuine compliments to the poster).
First â respect to DB & Crew Trading PA â Iâve never found a way to âaccuratelyâ back test it â it was trial by fire â and spending a lot of time in front of a chart watching it unfold / being created Itâs why a static chart is dead to me And why I donât place any importance on back testing If you can make it work â more power to ya - I couldn't Nothing is constant - and the nuances are what one sees as PA unfolds - a static chart covers these up imo Not wanting to start a bitch fest - just stating what worked / works for me RN
I like this chart very much that I have further questions. I want to better understand the dynamics of the up and down swings between the lines. Could we share observations?
It would be a lot easier for you to make observations and share them if you were to read the material. You could start by characterizing your market: Appendix E.
Read it real time and look for either a pull back or continuation - each has a distinctive foot print Blanket rules don't apply - PA is continuously evolving - so too must the trader RN
Unfortunately, those who forego backtesting and forwardtesting in the belief that if they can just keep plugging away in simtrading long enough it will all just come together can spend years trying. A static chart is not at all "dead" to me because I can see how it was created. And forwardtests are done in replay, which is hardly static. As for testing this particular approach, it takes about a week. But those who would rather start from scratch are, as I said, welcome to do so. That is after all what journals are for.
One size does not fit all - never has And I'll put my real time PA reading skills up against anyone (I do every day) RN
Who said one size fits all? The SLA is an option for those who've been at this for years and still can't attain consistent profitability. As for RT PA reading skills, comparing one's skills with another's is only one consideration. Another is how long it took each trader to achieve competence.