Recent content by xm020-2959

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    How long should you backtest a day trading strategy?

    What are you on about? Why would I need to do that? I have proven several strategies are highly capable of making this meager return. I am actually trying to find how to make 5% a day. But that's right, if I could make $500 a day instead of $100 that would overpower the forces of the world...
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    How long should you backtest a day trading strategy?

    You are completely missing the point and overthinking the whole thing. Its not code, its math! It has nothing to do with the automated system. If you are making $90 or per trade 50% of the time, and losing $30 the other 50% of the time. It doesn't matter whether you are making 10 trades a...
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    How long should you backtest a day trading strategy?

    The market doesn't change. It only moves in 2 directions. Strategies generate profit no matter which direction that is. Its that simple. Its a simple machine.
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    How long should you backtest a day trading strategy?

    The point, jackass, was that I am building a resource list of strategies that I plan on backtesting to see which ones are profitable in a three year time frame. Not to ask for useless advice and bickering about unrelated topics.
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    How long should you backtest a day trading strategy?

    You sure are a wise ass aren't you? Good luck with trading, shmuck.
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    How long should you backtest a day trading strategy?

    You are taking words out of my mouth. I never said there wasn't a limit. You can make 1% a day and use compound interest to accumulate a million dollars within a couple of years by reinvesting profits back into the account. But there is a limit. Obviously there isn't enough liquidity...
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    How long should you backtest a day trading strategy?

    If I make 100 trades a day, and each trade I am risking $30 to make $90 (forget pips for this example), the gross loss of the losing trades is $1500 and the gross profit is $4500. It doesn't matter how many times you flip that coin, you will always make money at the end of the day under those...
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    How long should you backtest a day trading strategy?

    This is Channel VA by AMN Trader. I'm going to try it and I'll let you know how it works in 3 years.
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    How long should you backtest a day trading strategy?

    The funny part about this whole thread was I asked if anyone knew of any scripts off hand that can achieve those results. And the answer I received in return was if it was even possible to make those kinds of results in the first place. If you don't think its possible to make 1% a day from an...
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    How long should you backtest a day trading strategy?

    I may not be an seasoned wall street professional analyst, but I'm far from one of those "hodlers" from the crypto community. I stepped in here asking for advice from a supposedly "elite" community, asking for some buyers advice, and instead was lectured about how its impossible to make money...
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    How long should you backtest a day trading strategy?

    Look buddy I didn't ask you for how leverage works. This is the reason I am leaving this forum and deleting my account. That is a beginner level question, and it seems that you don't even have the correct answer for. It doesn't matter if you use leverage or not, your risk is determined by your...
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    How long should you backtest a day trading strategy?

    I don't even understand what you are saying. I don't speak gibberish.
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    How long should you backtest a day trading strategy?

    Your right it is pretty funny. This is supposed to be a forum of "experts", yet you guys think that making a meager 1% a day is a scam, and don't know what leverage is. I bet I can find more intelligent content in baby pips for christ sake.
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    How long should you backtest a day trading strategy?

    Who said I was trying to become a "millionaire"? All I am trying to do is make 1-10% a day. Thats not difficult. Suppose you write a script that looks for a scalp trade where you risk 3 pips to make 9 pips. And lets say you can make this trade 10 times a day, 24 hours a day. With a lot size...
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    How long should you backtest a day trading strategy?

    Who do you take me for? Of course I'm using leverage, it is impossible to make any kind of sizable gains day trading without leverage. Look, I'm going to go back to forex factory. I thought this was an elite trading group, but apparently you don't even understand what leverage is so theres no...
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