Forex Backtesting Mt4 - Forex Strategies Revealed Pdf

I'm a strategy lover and it's a real problem now

Hi everyone,
I have been learning about Forex for almost 2 years now.
But I have a real problem. I am a strategy lover. I hop from one strategy to another due to various reasons.
How it works: 1. I find a strategy 2. I fall in love with it 3. I learn about it, backtest it, demo trade it, etc. 4. I find something to nitpick 5. Leave the strategy and go back to point 1
In the past 2 years, I must have burned through over 20-30 strategies. I have gone through scalping, swing trading, full discretionary trading, full system based trading, half discretionary and half system based strategies, etc
I just can't seem to stick with a strategy after the honeymoon phase. Either I get tired of the strategy, or backtesting reveals it isnt profitable, or it too discretionary, or it is too system based, etc.
Once again, I left another strategy and am going back to point 1, finding a new strategy. I found a new strategy, which is the one posted by ParallaxFX. Already 2 people have backtested it and it was profitable. But even with this information, I know that I will go through the strategy, I will love it at first, I will test, then ultimately I wont stick with it and then leave it and then go back to point 1.
I like the fact it is mostly a system based strategy and lately I have tested a lot of strategies that are 50% system based and 50% discretionary. The only thing I have learned so far is that I would probably be more comfortable trading a system based strategy rather than a full discretionary one.
This is a big issue for me always and I dont know how to overcome it. It was fine in the beginning because I was a new trader and to go through strategies is just part of trading in the beginning. But now it's been almost 2 years and I have to admit now that I have a real problem that needs to be addressed. Otherwise at this rate, I will still be doing this in 5-10 years.
It seems like most people find a strategy and stick with it, but then struggle with risk management. But I'm stuck at the strategy part and I cant progress.
How do I overcome this? What steps can I take so this doesn't happen? Do I need a mentor at this point?
Any help is welcome!
submitted by forexguyz643 to Forex [link] [comments]

Building the right mindset

Hey guys! Most of my Forex experience I've been battling with my own head. I come from a very mathematical background and having applied my understanding of statistics, somewhat quickly arrived at strategies that could make money. The only aspect that I constantly struggled with was my psychology. Having overcome some of those problems already, I figured I'll share my personal way I learned how to keep myself in check and make sure I don't become irrational. Here's some of the realisations listed.
  1. Don't ever measure your success with money. So many people, myself included are celebrating their big trades, chasing the profits, just developing an unhealthy mindset centred around the money. It really is not the key.
I learned how to view money as a side effect of successful trading. Implementing decision based approach (instead of outcome based one), helps a lot! You can make a lot of money in a bad trade and lose a lot in a good one. Always question yourself and your strategy, when it's profitable or when it's not.
  1. After a successful trade - 'If only I had a bigger lot size on this one/if only I traded it in my live account'. Very common one, can reveal a lot of weakness. If you experience thoughts like this, or even worse if you see those kind of thoughts influence your decision - take a step back and work on your psychology. Any kind of expression like this shows greed. It's you chasing that money again, and usually this chase means you will lose it all along the way...
  2. If you do not enjoy analysing a lot of data, working with numbers, backtesting - trading is not for you. Analize the sources of your motivation when trading. Do you get mainly motivated if you see your account growing? Is the thought of getting money the main drive? Do you actually enjoy analizing graphs or just the money that will hopefully come after you do so? Many people look into Forex for a quick fix, dream job on your laptop when you're chilling on a beach somewhere. I'm sorry to burst your bubble, but it won't happen. If you don't enjoy the process of perfecting strategies, analizing tons of data, statistical analysis, you will probably never make it.
Having reread my own writing it seems like greed explains all 3 of the points I highlighted. I hope this can help some of you, the ones with the decent mindset that need that extra push and the delusional ones that will not make it and hopefully wake up sooner than later. If you are posting pictures of your profits and getting your serotonin release once you see a profitable trade - you are digging your own grave (and there's so many of you here on this subreddit).
Anyways my final advice is: if you still think you have the passion, but yet find yourself struggling with psychology - just head to algorithmic trading. I have acknowledged that my psychology is in my way and my personal way of dealing with it, was just removing it from the equation. Now I'm mostly focused on building a portfolio of trading robots and I'm healthier in my trading.
submitted by zarathustra1337 to Forex [link] [comments]

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How I BACKTEST a Forex Trading Strategy in 2020 - YouTube How to BACKTEST a Forex Trading Strategy - YouTube How To Backtest Forex Trading Strategies How To Backtest a Forex Trading Strategy - YouTube How To Backtest Your Pairs in Forex Like A Pro  Practice ... Simulated Trading Session: Backtesting & Revealing my ... How to Backtest Forex Strategies - YouTube

Backtesting refers to the process of simulating a trading strategy using historical data by a trader. It generates results which the trader uses to analyze profitability and risk before they invest any real capital. If one properly conducts a back-test on a strategy that produces positive results, it is almost always indicated that the strategy is fundamentally sound and profitable if one ... Forex Strategies Revealed Pdf ≡ Menu. Home; Home / Without Label / Forex Backtesting Mt4. Kamis, 24 Oktober 2019. Forex Backtesting Mt4 Ea For Manual Backtest With Mt4 Strategy Tester Forex Factory Backtesting An Automated Strategy With Metatrader 4 What Do You Think About A Backtesting With 99 Of Model Quality Data Metatrader 4 Strategy Tester Backtest And Optimize Your Ea Forex Germany Mt4 ... Here are some more Forex strategies revealed, that you can try: Forex 1-Hour Trading Strategy. You can take advantage of the 60-minute time frame in this strategy. The most suitable currency pairs to trade using this strategy are the EUR/USD, USD/JPY, GBP/USD, and the AUD/USD. In regards to Forex trading strategies resources used for this type of strategy, the MACD is the most suitable which ... I tested these strategies with Forex Tester. ... SEE ALSO: Forex scalping secrets revealed (full interview) So all-in-all, this is a strategy that is worth testing further. I like this strategy and am currently doing more testing on it. You can see my full testing results inside the TraderEvo program. Thoughts on the RSIDive Strategy. Since this is a fairly high win rate strategy, there are ... Another popular Forex technique backtesting choice on MT4 is ‘Forex Tester’. Forex Tester is not complimentary, and can be utilised both for handbook and automated trading activities. Automated Backtesting Strategies. One of the main benefits of these tools is that they eliminate feelings from your trading activities. Numerous traders ... MetaTrader 4 Backtesting & Optimization To get the most out of your expert advisor, you’ll need to optimize and backtest your strategy using MetaTrader’s Strategy Tester. While forward testing on a demo account is essential, backtesting allows you to simulate trading over a long period of time in just minutes. And with the optimization feature, you can find out which settings performed ... / Forex Backtesting / How to Use Strategy Tester in MT5 to Backtest EAs. By: Hugh Kimura Last Updated: July 3, 2020. One of the best parts of MetaTrader 5 is that you can program automated trading strategies, called Expert Advisors (EAs), with the MQL5 programming language. Then you can test your strategies in the MT5 Strategy Tester. Many traders use EAs to create fully automated trading ...

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How I BACKTEST a Forex Trading Strategy in 2020 - YouTube

Here's how to backtest your pairs in forex! In order to be profitable, you need to practice your trading strategy over and over again! Don't get frustrated i... In this video, I will show you how to backtest a trading strategy to make sure you know your strategy as the palm of your hand and can trade a proven system ... This video covers how to backtest forex strategies. Backtesting forex pairs is the best way to gain confidence in your strategies. Keep it simple and do it a... #forex #forexlifestyle #forextrader Want to join the A1 Trading Team? See trades taken by our top trading analysts, join our live trading chatroom, and acces... This video will show you How to Backtest a Forex Trading Strategy, as well as 3 TIPS on BACKTESTING... Trading Platform I Use: https://www.tradingview.com/... In this video I explain the process behind developing your own rules-based forex trading strategies - and how to prove they actually work! Below you can also find links to download my spreadsheet ... Today we kick off #TheTradingEssentials Series, starting out with How I Backtest a Forex Trading Strategy in 2020... ----- Trading Platform I Use: https:...

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