We’ve partnered with @NakedMarkets to offer 15% off all plans.
Naked-Markets is a professional backtesting simulator built for swing traders. https://t.co/SK0pbzgtIJ
Late #quoteoftheday / week
“If most traders would learn to sit on their hands 50 percent of the time, they would make a lot more money.”
Bill Lipschutz
Don't overcomplicate things. Backtest to build and test your strategy. Numbers are everything.
@MeetMattL We've met a lot of them. We can introduce some of them to you if you want.
Backtesting is not the holy grail, it just helps build your strategy and your confidence.
@tradermike1234 It all depends on the winratio related to each R:R ratio.
You'll make more money with 1:10 RR with 25% winratio than a 1:1 RR with a 90% winratio. But it does not exists sadly
@tradermike1234 You are right, but it's better to talk about %, not $
Because making 5k$ per month from $1000 capital, it's crazy risky. A ticking bomb.
But making 5k$ per month with 500k$, it's more steady and wise.
Appealing 500% vs. steady 1%
Our brand new tool, allowing to trade/backtest 100% automated, will be ready very soon...
We are cooking just fine !
The "rule manager" can define complex rules only by drag&dropping graphical items 🧐
@t0mbfx Not so paradoxical.
We are obsessed with learning during the learning stage. Once it's done with your system, once you backtested it fully, forward tested it, you really don't care about the outcomes. Because you know your numbers.
The rest is handling the psychological side.
Why @fx_replay is not able to simulate properly the markets ?
Why your #fxreplay backtests are likely to be wrong and useless ?
Everything explained here :
https://t.co/OZJNy4Olk5
"Most traders take a good system and destroy it by trying to make it into a perfect system."
Robert Prechter.
#quoteoftheday
Test your system and its performance without overfitting it. Use the best backtesting platform for that : Naked-Markets.
- Trader student : how many assets do you have ?
- Naked-Markets : yes
More than 1000 assets to #trade, all of them with seconds timeframes and tick accuracy #backtesting.
That's there : https://t.co/FWhlkLwGHT
Monday question of the week ❓
Should a backtesting tool be free to let the users test it before paying, like #nakedmarkets, or should it be paywalled, like #tradezella and #forextester ?
Kind reminder : Naked-Markets is 100% free for swing traders. No limitation. At all.
“The stock market is a device for transferring money from the impatient to the patient.”
Warren Buffett.
Take the time to train yourself by backtesting your #TradingStrategy and become funded.