Feshizzy:


Then you clearly don't even grab the concept of backtesting.

Backtesting is to test the profitability of a strategy, the frequency of trade, period of trade, expected ROI, refining TP/SL, confidence of trade, experience of trade, shorten learning time on trade, expected and accepting trade loss.

Even after all of this
You would still trade like a c*nt.
it's on FT were you train discipline, you don't learn that in BT,
You also train patience on FT, and increase trade confidence.

I can simulate 3 years worth of data on BT in a week,
If you do that in FT, you won't even do 3 months on FT before throwing away the strategy.

Anyways, do what works best for you.

Regards.

Feshizzy:


Then you clearly don't even grab the concept of backtesting.

Backtesting is to test the profitability of a strategy, the frequency of trade, period of trade, expected ROI, refining TP/SL, confidence of trade, experience of trade, shorten learning time on trade, expected and accepting trade loss.

Even after all of this
You would still trade like a c*nt.
it's on FT were you train discipline, you don't learn that in BT,
You also train patience on FT, and increase trade confidence.

I can simulate 3 years worth of data on BT in a week,
If you do that in FT, you won't even do 3 months on FT before throwing away the strategy.

Anyways, do what works best for you.

Regards.

main24:


There is no such thing as that. Each trade should be based on your rules.
Which should be a logical place/structure.
If your system gives you a trade with 5pips SL, don't change that to 20pips just because you feel it is tight. And vice versa.

kozmicity:



It hit SL🥲

wuyexzy01:

Na true you talk brother.... but some one like me na coconut head I get wey no dey follow any rule.

main24:


If you are marking up charts and not executing, you are moving backwards.
Wins and loses are randomly distributed, which means if the ones you don't execute ends up being your profitable setups, chances are the ones you execute will be the losing trades.

Taking only losing trades will affect your confidence, which means you will not take subsequent trade that will end up being a winner...it's an endless loop.

Instead, reduce your risk and execute all your A+ setups.

nzechu:
nice one. I sha took time trade, I was supposed to add that particular one, completely forgot or will I say I was lackadaisical about it. I am making progress cos I am learning a concept on my own,and I am becoming better at identifying the concept in its different forms.

Seeing the move before it happens even if I didn't trade it, is progress for.me. the trade I didn't take was also on competition demo if I had taken the trade wud hv boosted my ranking on the competition.

VeeVeeMyLuv:

It was bearish na, not only this pair, the other 3 pairs too.

main24:


Bullish or bearish is relative on what TF you are looking at.
Meanwhile when someone takes an L in this business, just encourage them and move on (except where you are asked for input directly).

The business is already hard enough for you to make the person feel more like an idi0t.
We all take our L's from time to time.

Hope you don't take it personal. No pun intended.

main24:


Bullish or bearish is relative on what TF you are looking at.
Meanwhile when someone takes an L in this business, just encourage them and move on (except where you are asked for input directly).

The business is already hard enough for you to make the person feel more like an idi0t.
We all take our L's from time to time.

Hope you don't take it personal. No pun intended.

dmahn:
Samfelly abeg do the remaining $2 to equate your profit to exactly 10% on the Situp challenge. There is a divergence between the Growth column and the Profit column. Just Incase you didn't notice sir

I know say I never attain 10%, boss. I put the remaining $2 for kolo (box). Na December 26th I go unbox am

wuyexzy01:

No mind dem.... na after the move dne happen the bearishness show full body. Plus I think this gbp/aud is still very much BULLISH.

TradingGod:
when you realize that the competition account will expire after 30 days that is when you will know that it is pointless treating that account like a real account

samfelly:


I know say I never attain 10%, boss. I put the remaining $2 for kolo (box). Na December 26th I go unbox am

Ibrahimlagosian:
You don't get me,The lot size these guys are allowed to use is over the lot size limit in the competition.Have you ever opened up to 70 lot in total before?, would you be allowed to use it?.
I once checked the trading history of a guy who made over 80% last month on TFT competition.Guess what,His biggest winner was not up to 9%,I calculated his profit and it's just 36%.mind you,all his trades at that time were closed.
I think these props are just playing around with us.

Elliotwaveforec:

GA can't be bullish when GU and AU are bullish.

ABC Correction on daily at play now.

8625 is too sure! 9162 now.

kozmicity:



Funny enough, after backtesting for about two weeks I realized that your strategy only fully forms when forward testing. I've told my friends that you don't need to create a strategy before you start trading. Instead choose one out of the myriad of strategies out there, trade demo with it, notice it's limitations, tweak it (with respect to risk to reward ratio, frequency of trades, number of pairs, timeframe.e.t.c...) until it becomes what you want, repeat over and over again.


But then again😁 they haven't said it but I know they're waiting for me o become profitable first then I show them the way. 🤣 Honestly I can't blame them, but I've also told them that when I start making money from forex, I no go teach anything again.

It's only fair💯

main24:


If you are marking up charts and not executing, you are moving backwards.
Wins and loses are randomly distributed, which means if the ones you don't execute ends up being your profitable setups, chances are the ones you execute will be the losing trades.

Taking only losing trades will affect your confidence, which means you will not take subsequent trade that will end up being a winner...it's an endless loop.

Instead, reduce your risk and execute all your A+ setups.

main24:


You don't even need to, they can't catch up with you.
Even if you teach them, they will still need to go through the go-through by themselves.

wuyexzy01:

Bro is your S.L tight. I just added to my position. Very RISKY though cos of news at the corner.
I dne close both position at a loss. CPI must not be allowed to turn against one's position na village.

main24:


Koz,
why do you use the rsi on your chart?

kozmicity:


I actually don't 🤣

It's one of the remnants of when I used to combine price action and indicators to trade. I removed it once but I couldn't tolerate how my chart became so large. I jejely put am back because I wasn't used to seeing the chary like that.

It's basically the same reason why I do my analysis on MT4. I'm not comfortable using MT5.

kozmicity:


And I'm nowhere near where I want to be so it should tell them how hard it's going to be. One is putting full effort and he's quite close to me in ability, another one's effort is half hearted. The rest...😁 No worry, my next year motivation go loud.


Imagine passing infofirst's challenge and getting live funded with FTMO. Make 5% of a 10k account. That's roughly 500k for a student like me who's been surviving on about 30k monthly.

kozmicity:


GJ setup.

main24:


I envy you bro.
Give it everything. You've got nothing to lose but too much upside.

With the way this country is going, anyone not earning in foreign currency will suffer more on the long run.

Geovanni412:


@Nzechu, trade other instruments like stocks, crypto, synthetics.

Or try your system on a different fx pair and see your accuracy level.

When you see how random your system is, it will become easier for you to accept losses and play everything at once

kozmicity:


The bolded is my main motivation. I was at 6% two weeks ago and then I started taking the wrong trades. I may have 4 setups on my other account, but the one I decide to place on the darwinex account is the one that would hit SL🤣

I no fit vex. I know I'd pass it sha... I've come to far to allow it shake me to my core. I'd just adapt. One thing many people dont talk about because it's frowned upon is "gut feeling."


But technically it's not gut feeling because it's accumulated from patterns you've seen form over years of looking at the chart. Your confluences may be screaming at you to enter a trade, but your instinct just say to hold on an you wonder why. You just need to be careful so you realize when it's fear of losing that's keeping you out of the market.