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Yeah, know that feeling... my GPS also tries to steer me onto roads that need to be built in the future.

Haha, no... But what are you with the directions of a GPS to a random destination, if you do not know how to drive a car? People believe the directions (backtest result) of a GPS (backtesting software) will teach them to drive (trading) the car to that destination. That is how absurd backtesting...

Besides the mindset and knowing who you are and how you react in every circumstance? A true belief in cutting losers and running winners and a real understanding of probabilities.

Most data that people use for backtesting is a representation of what has happened in the past. That representation is simplified to give a comprehension model that most people would understand. For example: Open, High, Low, Close on a chart. Maybe with volume, bid-ask, delta, and even...

That always-in thing is for sure not my thing. I believe I can not predict when a move against my positions is a correction or a directional change of trend. Therefore I want to protect my profits as much as possible and will get out of the slightest weakness against my position. If it turns out...

Backtesting is a tool that only works for people that know how to trade and make money in the markets. For all the other people that do not make money trading, should stay away from backtesting. You do not become a profitable trader by finding a system that makes you money according to a...

7 years on the forum and since high school... and your bio states 42 male. You went to high school until 35 years old?

Normally, I would not go in to this kind of stuff, but I think it is important for the OP to understand this exercise. You tell that the SL should be 2%. Well, you have a stop and you have the risk you take. That are two different things. Your stop could be 10% from your entry, but your risk...

You need to focus on the proces of trading and not the outcome. Outcome is money focus. Proces focus is : are you following your rules? If you rules are not clear, work on that first.

You need a belief in your system. Do you have a tradingplan? Do you know your style of trading in side out? What is the worst possible outcome? Maybe you are trading a too big position?

Are you making millions a year in another activity? If not, I doubt you will make it with trading trough learning from a course or the internet in global. Information or a how to, is not the key to make a million or more a year. Knowing what to do is only maybe 5% of the necessary ingredient to...

Can you send the code in a pdf or Word document? It looks like you have covered every step... do you also have the possibility to do it a cross multiple instruments and have a portfolio overview? I finally went for Mechanica, due the difficulty to create this in tradestation. But is years and...

And then there is also sellers filling the ask and buyers filling the bid..

Price goes up with ask or down with bid or price goes up with a lack of bid or price goes down with a lack of ask.

I see on the first chart 9 entries and now you have 5?

May I suggest you use an extra filter to get in and out of a trade? It will reduce your whipsaw drastically and it will also improve your reward-to-risk ratio. Keep using your 12 SMA as a filter to go short or long, but when price is for example above your 12 sma, wait for the first pullback...

It is also really important to stay small. The smaller your loss when you lose, the less impact it will have on your mind, the less emotions you will have, the more time you will have to become really good at it.

Believe it or not, algorithmic trading doesn't do that... Your faith and belief in the system create emotional discipline. As soon as the results of your algorithmic are not in line with your expectation, your thoughts and feelings will rush in and you will second guess it, if you do not have...

I also have struggled a lot with what Sekiyo have stated. I think and belief trading is pure psychology. And that everyone can come up with an idea or plan to make a lot of money. It is the execution of that plan where the shit happens. People overestimate their skills and attitude to implement...

Both work. What doesn't work is not having a clear method for when, how and why now vs when, how and why not now.