from statement to strategy
Sep 12, 2016 at 12:21
700 Angesehen
12 Replies
forex_trader_213177
Mitglied seit Oct 23, 2014
50 Posts
Sep 12, 2016 at 12:21
hello id like to ask if its possible to get strategy from mt4 statement. maybe predict next trades
Mitglied seit Jan 18, 2010
17 Posts
Oct 06, 2016 at 06:35
i think its never be possible, only from technical or fundamental analysis may predict the next price will go 😀
Candles always right
Mitglied seit Feb 22, 2011
4862 Posts
Oct 06, 2016 at 09:50
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
Mitglied seit Mar 25, 2015
74 Posts
Oct 21, 2016 at 13:18
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...
Nov 29, 2016 at 08:05
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!
Nov 29, 2016 at 08:08
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!
May 03, 2017 at 04:01
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!
Mitglied seit Apr 11, 2017
6 Posts
May 04, 2017 at 14:40
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
May 05, 2017 at 13:43
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.
Mitglied seit Apr 18, 2017
38 Posts
Jun 07, 2017 at 06:46
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!
Mitglied seit Feb 22, 2011
4862 Posts
Jun 07, 2017 at 11:20
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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