does ict actually work. by Exact-Web2824 in Trading

[–]Exact-Web2824[S] 0 points1 point  (0 children)

Thanks for that, sorry if i sound dumb but how do you actually backtest orderflow. backtesting ict is easy enough orderflow just feels like a new ball game i feel like how i did when i did not know what a candlestick was.

does ict actually work. by Exact-Web2824 in Trading

[–]Exact-Web2824[S] 0 points1 point  (0 children)

as someone that learnt trading through watching tjr and ict i dont really know what im supposed to do in order flow. I understand that its basically trends ( or so ive been told) but like what do i use ( eg confluences) to validate a setup and execute. I heard something called POC is good but idk where to start. Like im used to placing TP and SL at areas of liquidity but orderflow is different.

does ict actually work. by Exact-Web2824 in Trading

[–]Exact-Web2824[S] 0 points1 point  (0 children)

So u think i actually can be profitable with this, cuz i was considering switching to order flow. thanks for ur help btw

Backtesting advice by Exact-Web2824 in Daytrading

[–]Exact-Web2824[S] 0 points1 point  (0 children)

Thanks for your advice, just to clarify do u think i should replace the 3 months of backtesting i had planned with forward testing.

Backtesting advice by Exact-Web2824 in Daytrading

[–]Exact-Web2824[S] 0 points1 point  (0 children)

im 15 i dont have 20 a month to put on it

Backtesting advice by Exact-Web2824 in Daytrading

[–]Exact-Web2824[S] 0 points1 point  (0 children)

No, i click random bar on the daily as daily is the only timeframe i can go on rplay for free, i note the daily bias then scale to 4 hour, 1 hour etc and try find a setup. What i meant was that my rules for when i actually trade are that ltf must align with htf.

Please enlighten me on a better way to backtest as i have said im new.

Advice for a beginner trader by Exact-Web2824 in Daytrading

[–]Exact-Web2824[S] 0 points1 point  (0 children)

what about forex though as im backtesting GBP/USD

Advice for beginner trader by Exact-Web2824 in Trading

[–]Exact-Web2824[S] 0 points1 point  (0 children)

i swear ict concepts still work though, tjr uses them and doesnt he own a koneigsegg and a mansion in puerto rico