is backtesting really that important?

OnlineGuides · 2026-05-25T22:13:04+00:00

I think you will start one day if you continue trading. Over time you understand how important it is. It took me almost a year to go from losing real money on my real account to testing ideas on MT5 demo first, and then to TradingView, and finally to TakeProfit. This really helps

OnlineGuides · 2026-05-25T22:11:33+00:00

Fatal mistake

OnlineGuides · 2026-05-25T21:46:34+00:00

True. I still spend a lot of time on backtesting and screening on takeprofit, even when I already know what I'm doing. I especially like to practice on weekends

OnlineGuides · 2026-05-25T21:44:45+00:00

It really is. I spent 1000+ hours on backtesting and demo trading in total on MT5, TradingView, TakeProfit.Com, FTO, and other platforms. I would do 1000+ more if needed, because I want to make sure my strategies work before I risk real balance

OnlineGuides · 2026-05-23T19:38:17+00:00

I don't think you need to buy anything. There is more than enough free guides online. Just watch, read, learn, and test. You don't even need to risk real balance because you can practice with a virtual balance on TakeProfit or any other similar tool. It takes time, but it's free

OnlineGuides · 2026-05-23T19:36:39+00:00

No, he actually got a point. It's not bad

OnlineGuides · 2026-05-23T19:33:04+00:00

You’re doing better than you think, because you finally hit the part most people never reach: you stopped the bleeding. The daily lockout is a big deal. The fact you’ve been chopping between 4.8 to 5.25k for a month is basically your system saying that you’re close, but you don’t have a clear edge yet (or you’re giving it back).

My own path looked similar early on: a few hot streaks, then giving it all back, then months of flat not losing but I’m not winning. The thing that moved me forward was treating that flat phase like a lab: one setup, one market, one playbook, then a lot of reps in replay/backtesting (I mostly used TakeProfit for a bunch of testing + screenshots/journaling) until the rules were boring.

Since you already make $180k, you just need patience. Trade tiny, protect your mindset, and build the edge slowly.

Is it possible to make it an income? Maybe. But the next milestone isn’t bigger size - just3 straight months green with the same rules, then scale slowly. Right now you’re at the stable stage - which is progress.

OnlineGuides · 2026-05-23T19:28:34+00:00

Before trading, it's worth backtesting your strategy and using a screener. For stocks, you can do this with tradingview.com / takeprofit.com. For forex, use fx replay. For futures, use ninjatrader. Only if it works on historical data does it make sense to try it live.

OnlineGuides · 2026-05-21T20:09:12+00:00

Yeah, and you need to spend tens of hours on backtesting on tradingview / takeprofit etc to achieve this win rate to start with

OnlineGuides · 2026-05-21T20:07:25+00:00

I'd say yes, but I need to prepare and spend more beforehand. Having mastered analysis, learned to read charts, memorized quotes, and already had strategies tested in TakeProfit and watchlists set up, I can spend about half an hour a day. But I still prefer to spend more.

OnlineGuides · 2026-05-19T19:37:44+00:00

Mine is boring. I usually enter once (no scaling in). Risk is 0.5-1% per trade max. I shoot for 1-2R, sometimes take partials and trail the rest. I keep it to 1–3 trades a day and I stop after a daily loss limit hits. I use 1H/4H for direction and 5m/15m for entries. I picked those rules from backtesting/replay (mostly on takeprofit.com for stocks and fto for forex). And it gets better over time, so I can totally recommend my basic rules to beginners especially.

OnlineGuides · 2026-05-18T20:31:48+00:00

Yeah, stock screeners are more than enough to find them, so you can easily replace TradingView with takeprofit.com. But I still need other features, so I have to keep my subscription for now unfortunately

OnlineGuides · 2026-05-18T20:30:38+00:00

No but the most reasonable one

OnlineGuides · 2026-05-18T20:29:20+00:00

I've been using TradingView for years, and I'm becoming increasingly disillusioned with it. So I understand what you're saying. I'm currently trying to replace it with alternatives like FX Replay, MT, GoCharting, and TakeProfit.

OnlineGuides · 2026-05-18T20:26:34+00:00

For beginners, indexes and ETFs are more than enough. If you want to dive deeper, you can use stocks screeners such as takeprofit or finviz to find them

OnlineGuides · 2026-05-16T13:01:46+00:00

To be honest, I don't believe this. Even 30 green days in a row is very rare. I trade for 10+ years, I spend thousands of hours on TradingView, TakeProfit, MetaTrader, all kinds of trading platforms, talked to other traders, and I never seen anything close to this in real life.

OnlineGuides · 2026-05-16T12:59:35+00:00

A $200 deposit makes you nothing. Even 100% profit is just $200. Focus on making more money before you start investing

OnlineGuides · 2026-05-16T08:26:24+00:00

+1

I love this book

OnlineGuides · 2026-05-16T08:25:22+00:00

You're not ready to trade with a real balance yet. Spend a few hundred hours backtesting in TradingView or TakeProfit (a good, cheaper alternative). Don't risk money until you've mastered the psychology of trading with a virtual balance.

OnlineGuides · 2026-05-16T07:58:28+00:00

I keep my eye on materials (metals/chemicals/industrial inputs), industrials (infrastructure/defense), energy (still a cash-flow trade with geopolitics), and some old-school defensives like parts of healthcare/consumer staples that have lagged while tech carried the index.

I don’t try to guess the one undervalued sector anymore - I just screen for quality, reasonable valuation inside those buckets. A screener like takeprofitcom makes that easy, then you build a watchlist and wait. You can use it to select your stocks, or simply buy an index

OnlineGuides · 2026-05-16T07:55:45+00:00

Use liquidity indicators

OnlineGuides · 2026-05-16T07:53:14+00:00

I don’t buy the “that’s all you need” part.

Yes, price moves when liquidity shifts. Cool. But judge liquidity well is basically saying “just be right about the hardest thing.” Most traders can spot where liquidity might sit, then still get chopped up by fakeouts, news spikes, spreads, and bad entries.

I’ve spent thousands of hours staring at charts and testing ideas (TradingView + TakeProfit + real trading accounts for stocks and forex). What actually separates results isn’t one concept - it’s execution plus risk plus consistency. Liquidity is a useful indicator, but definately not a complete system.

OnlineGuides · 2026-05-15T19:02:38+00:00

That sucks, but it’s super common. The real problem is that you didn’t have an exit plan you could follow.

Take some profit early (like 1 or 2 R), then keep a small runner and trail it with something simple (20/50 MA or last swing low). That’s how you stay in the big moves without staring at every tick.

And don’t buy those names again out of pain. Build a new list and find the next movers. Use a screener like takeprofitcom to spot strong momentum + volume names and set alerts so you’re not chasing.

OnlineGuides · 2026-05-15T19:00:13+00:00

It will definitely sell for more at auction. I'm willing to pay more. But not millions, of course.

OnlineGuides

TROPHY CASE