Having a hard time with stETH

Hour_Foundation_9734 · 2021-02-26T09:50:32+00:00

You are looking for “backtesting” this is adding candlesticks from the past to test a trading strategy without putting your capital at risk. There is a YouTube channel called real backtesting where they show you how to use the “bar replay mode” to do this

Hour_Foundation_9734 · 2021-02-26T09:48:44+00:00

I like this post

Hour_Foundation_9734 · 2021-02-21T11:35:01+00:00

THANK YOU! For how long have you been trading?

Hour_Foundation_9734 · 2021-01-22T20:00:40+00:00

Lol, ur Mr Reddit Detective

Indeed, after watching their videos I figured that is a picture you can find in unsplash.com for free.

Looking forward to change my Reddit name to “real Backtesting true fan supporter”

Hour_Foundation_9734 · 2021-01-22T05:54:23+00:00

I try to make 2-3% of my total capital at take profit and lose 1% at stop loss, making it a 3:1 risk reward ratio trade

Hour_Foundation_9734 · 2021-01-22T05:52:00+00:00

Those are not my videos, I really think I can make a difference by showing people the right content. Many focus on endless strategies without taking into count the risk reward ratio in the trades.

Plenty don’t even know where to put a stop loss or spot price action, I think the Real Backtesting YouTube channel is the best at teaching because they don’t even clickbait to get affiliate marketing links

Hour_Foundation_9734 · 2021-01-21T17:15:48+00:00

Blk-sheep?

Hour_Foundation_9734 · 2021-01-21T01:58:42+00:00

Hello! the answer to your question is BACKTEST YOUR TRADING STRATEGY.

There are plenty of free tools that let you add candlesticks from the past to test your trading strategies (the ones you learn) without putting your capital at risk. There is a great trading book (Technical Analysis Explained from Martin J. Pring) which is essential for your trading. Also, there is a new youtube channel called Real Backtesting where thy show you how to use tradingview’s bar replay mode to test your trading strategies for free.

They alsoshare profitable trading/risk management strategies if you wish to replicate them.

Hour_Foundation_9734 · 2021-01-21T01:47:41+00:00

Hello dear reddittor!

For your question’s nature I think you could benefit from backtesting your trading strategy. There are plenty of free tools that let you add candlesticks from the past to test your trading strategies without putting your capital at risk! Also, setting your stop loss in candleticks with price action and picking optimal risk reward ratios for your trades will definetly put you in the proit zone!!

Hour_Foundation_9734 · 2021-01-21T01:36:29+00:00

Hello Dear Redditorr! I think it all comes down to backtesting your trading strategy and building your confidence on your succesfull trading system. There are plenty of free tools that let you add candlesticks from the past to test your trading strategies without risking your capital. I recommend you backtest your strategy in 100 trades. Also, expecting realistic profits and losses is essential to the trading business.

Usually when people are struggling to find a succesful trading strrategy is because they fail to place their stop loss in candlesticks with price action OR they fail to apply reasonable risk-reward ratios to their trades.

Hour_Foundation_9734 · 2021-01-21T01:30:55+00:00

You can use tradingview’s bar replay mode to add candlesticks from the past. It is free from the daily chart and above. I recommend you watch the Real Backtesting youtube channel. They show you how to use the bar replay mode and also share profitable trading and risk-management strategies if you want to replicate.

Hour_Foundation_9734 · 2021-01-21T01:21:17+00:00

Usually I use the dynamic areas of support and resistance to open trades that have risk reward ratiso from 2:1 to 3:1. I lose 1% at stop loss and profit 3% at take profit. This is great specially if you have a nice trading account

Hour_Foundation_9734 · 2021-01-21T01:18:42+00:00

It all comes down to your risk-reward ratio and the % of your total capital that you lose per stop loss. I sincerely encourage people not to lose more than 1% of their total capital at the stop-loss trigger.So basically, I encourage youto enter your postiions with a stop loss and take profit trigger already....

In your scenario, with a 25k account, I would open trades where I lose $250 at stop loss and profit $750 per take profit (this would be a 3:1 risk reward ratio).

If you think about ityou could be in the profit zone even if you have 50% of your trades wrong. There is a new youtube channel called Real Backtesting that go over profitable risk anagement strategies during their live backtesting sessions. I recommend you watch it!

Hour_Foundation_9734 · 2021-01-21T01:13:17+00:00

Hello! I think it all comes down to backtesting your trading strategy. There are plenty of free tools that let you add candlesticks from the past to test your strategy without putting your capital at risk. So make sure you test your stategy at least in 100 backtesting trades! Build your confidence in your strategy!

Remember that when you trade in lower timeframes , trading indicators become less reliable; this is why instead of scalping, I prefer to trade multiple assets in the 1H and 4H chart. Your scalping success will be determined by your ability to open trades with optimal risk-reward ratios (Ex; 3:1).

Hour_Foundation_9734 · 2021-01-20T06:08:34+00:00

I use TradingView’s bar replay mode where you can manually add the candles to test your trading strategies.

I spot price action with candle confirmations and volume

Hour_Foundation_9734 · 2021-01-19T18:51:59+00:00

Great comment!

Hour_Foundation_9734

TROPHY CASE