point taken. thanks kind sir.Ogee wrote: Wed Jun 22, 2022 12:45 am having so many indicators will only conflict and not confirm. Indicators shouldn't be your starting point, your start point should be a repeatable 'setup', a candle pattern that crops up time and again and then find a couple of indicators that enhance the success ratio (positive expectancy) as proved by testing (back test then demo test then live test on minium bet size). Concentrate on 1 type of setup first and get real good at it before looking to expand.
i did some pretty stupid thing, mostly with repainting indicators, backtesting it was a sucess, That's why i was putting it that way.Intrest 1 wrote: Wed Jun 22, 2022 1:12 am I think that the trading system cannot be stupid. Only the rules of use can be stupid
There are people who win on repaint indicators, there are people who lose on non-repaint indicators.Forexlearner wrote: Wed Jun 22, 2022 1:56 am i did some pretty stupid thing, mostly with repainting indicators, backtesting it was a sucess, That's why i was putting it that way.
I think none of this repaint, i did try to not do that mistake.
When you accurately determine the beginning of the price movement and the level of the end of the movement, you will win even with the help of a zigzag, which is considered to be repaintingForexlearner wrote: Wed Jun 22, 2022 1:56 am i did some pretty stupid thing, mostly with repainting indicators, backtesting it was a sucess, That's why i was putting it that way.
I think none of this repaint, i did try to not do that mistake.
as a beginner i don't get how you can make a winning strategy based on repainting, something i tried searching and didn't found the answerIntrest 1 wrote: Wed Jun 22, 2022 2:37 am When you accurately determine the beginning of the price movement and the level of the end of the movement, you will win even with the help of a zigzag, which is considered to be repainting
trends especially, trying to enter a bit late on the crossover to get a confirmation, but not to lateTradehunter wrote: Wed Jun 22, 2022 2:50 am First of all, what are you trying to do..
breakouts, ranges, trends, pullbacks, fade volatility?
How long can you hold a trade mentally?
Can you hold for a year, a month, a few hours or minutes before cutting it?
Are you going to sit in front of the screen and scalp or do you work 40 hours or more and have a family?
How many pairs or products are you going to trade?
28 forex? 4? 1?
The more products you trade the less you will be able to keep track of especially with indicators.
Try putting one of the 'hot' trading systems on here on 56 or even 28 pairs and see where that gets you.
You will be so inundated with signals and alerts you would be rendered basically impotent by all the noise.
Figure out what you want to do and most importantly what you can handle mentally.
If you are new to trading, plan on losing for a while till you figure it out because what you think you want to do vs what you can actually do are 2 disparate things.
To succeed in the market, you must learn to determine the purpose of the current movement. When you learn how to do this, then it will not matter to you what indicators to open deals in order to enter this movement.Forexlearner wrote: Wed Jun 22, 2022 10:03 pm as a beginner i don't get how you can make a winning strategy based on repainting, something i tried searching and didn't found the answer
