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from statement to strategy

QPT
forex_trader_[213177]
Sep 12 2016 at 12:21
50 posts
hello id like to ask if its possible to get strategy from mt4 statement. maybe predict next trades

Ganapati FX (rey_shooter)
Oct 06 2016 at 06:35
17 posts
i think its never be possible, only from technical or fundamental analysis may predict the next price will go 😀

Candles always right
shihaskni
Oct 06 2016 at 07:23
2 posts
rey_shooter posted:
i think its never be possible, only from technical or fundamental analysis may predict the next price will go 😀

vontogr (togr)
Oct 06 2016 at 09:50
4862 posts
imperialmarkets posted:
hello id like to ask if its possible to get strategy from mt4 statement. maybe predict next trades


It depends on statement content

Richard Bills (RichardBills)
Oct 21 2016 at 13:18
74 posts
It could help you in forecasting and analysing past performance. Depends how good are you in statistics. Maybe you will be able to identify some performance trends, but better be careful as things can change fast and what you see may no longer be applicable...

oshaban (oshaban)
Oct 23 2016 at 07:10
190 posts
If it is pure price action with no indicators, I it possible.

... oshaban ... skype: oshaban27 ...
Raj (RPatell)
Nov 29 2016 at 08:05
64 posts
rey_shooter posted:
i think its never be possible, only from technical or fundamental analysis may predict the next price will go 😀


Yes but you still need a bit of luck as well to avoid unexpected reverse movements as you never know 100% what will happen.

Knowledge is king!
Raj (RPatell)
Nov 29 2016 at 08:08
64 posts
imperialmarkets posted:
hello id like to ask if its possible to get strategy from mt4 statement. maybe predict next trades


I think you can only evaluate your current skills level from reading the statements. Predicting the future trades and prices is completely another story. Why would you like to use the statements for this purpose and not focus on the charts instead?

Knowledge is king!
AniLorak
May 03 2017 at 04:01
920 posts
imperialmarkets posted:
hello id like to ask if its possible to get strategy from mt4 statement. maybe predict next trades


No, you may not get enough info from mt4 statement! Actually, Forex trading business is all about technical and fundamental analysis, so you need deeper knowledge on both sectors! Even, you can’t rely on any indicator based trading strategy or system! Pro traders are making handsome money very smartly, because they have good skill on fundamental as well as technical!

Muhammad55
May 04 2017 at 14:40
6 posts
From the statement you could identify the entry on the chart so if you had enough data then it could be possible to identify the strategy but it would be very very dificult

Baldo (BaldoN)
May 05 2017 at 13:43
522 posts
I do not believe that just from statement could be created a profitable strategy. Some general points could be recognized, but this still would be far away of completion of profitable strategy, due to many important requirements that will stay missing.

ChenLipKeong
Jun 07 2017 at 06:46
38 posts
Muhammad55 posted:
From the statement you could identify the entry on the chart so if you had enough data then it could be possible to identify the strategy but it would be very very dificult


Absolutely it would be very difficult! Even, it’s not easy to job to build up a profitable trading strategy, it’s a long term process and start job! Besides, trading based on current market situation is always profitable! So, novice traders need to make their trading strategy based on current data of market!

vontogr (togr)
Jun 07 2017 at 11:20
4862 posts
BaldoN posted:
I do not believe that just from statement could be created a profitable strategy. Some general points could be recognized, but this still would be far away of completion of profitable strategy, due to many important requirements that will stay missing.


Yeah you can hardly identify indicator or trading rule that was applied to open trade.
Let say you see trade was open at price of 1.12674
so what indicator or entry logic was used? Impossible to determine.

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