I tested my strategy for 4 months on demo before I opened cent account. After half a year trading cent with 3 last month of consequent profiting I went to live account. I could have started live even earlier but I guess I was experimenting too much at demo and cent stages.
can you please, give me an example of a manual strategy that I can try and test, to begin with my gold trading?
Just one strategy could be appropriate for:
* scalping/ short term
* long term trading
Trading in the middle will require more then just one style due to market behavior changes
* scalping/ short term
* long term trading
Trading in the middle will require more then just one style due to market behavior changes
Until you know your strategy inside out and is making a consistent profit.
"They mistook leverage with genius".
Jul 06 2017 at 07:14
Strategy developing takes time, and as everyone knows the trend is always shifting, the time of shaping a profitable strategy is not certain. But one can start with the daily analysis provided from the forex company, get to know why do they have this prediction and how do they set the pivot. This would help a lot.
I remember a certain brokers screen would move up one tick milliseconds before the price would jump,it was very useful for scalping
"They mistook leverage with genius".
How long to test a manual system depends on which timeframe the system uses and how many trades it places in general. For a daily timeframe you should at least test it with 6 months with at least 200 trades.
For lower timeframes the number of trades may increase and the time period of testing may also increase.
The most important thing is backtesting which will save a lot of time in forward testing.
For lower timeframes the number of trades may increase and the time period of testing may also increase.
The most important thing is backtesting which will save a lot of time in forward testing.
Artificial General Intelligence
I tested about 5 months on a demo account before going live.
Jul 28 2021 at 10:36
Tremblay posted:Yes. I also practice on the demo to test my strategy.
I tested about 5 months on a demo account before going live.
Jul 28 2021 at 11:20
Have opened a good topic. I have been doing demo trading for a long time. When I saw that I was making a consistent profit on the demo platform, I started trying to get involved in live trading.
Aug 04 2021 at 10:26
It should be practice until you get your desire result.
Sep 03 2021 at 16:46
Test strategy until you get your satisfying result.
@LyudmilLukanov yes testing strategy is very important. Without testing any strategy we can try it on live account. But unfortunately many people do it.
According to my memory, I tested strategies and tried to trade on demo account for couple of days. When I finally understood that I was ready for live trading, I deposited money to my broker platform and started trading.
Everything because I had theoretical base on that moment. So, if you understand that you don't know enough information about trading and you haven't determined which would be your strategy and on which timeframe you would trade, then perhaps you have to stay on demo, until you find good conditions and find the most suitable timframe.
Everything because I had theoretical base on that moment. So, if you understand that you don't know enough information about trading and you haven't determined which would be your strategy and on which timeframe you would trade, then perhaps you have to stay on demo, until you find good conditions and find the most suitable timframe.
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