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So I added a counter measure plan. Here comes a live paper trade (wooo), I would take. Complying with my set of Rules Added a Counter Strategy What I can see here: daily looks messy but weekly shows me, that is no trend but a range on the weekly i spot this as a support area daily: on the...

Thank you again. I took my time: Thoughts related were, that counter measures are necessary, if the inital trading setup doesnt work out. Besides I am doing a manuel backtesting. I know that is prone to hindsight and thelike but relying on strict parameters - not to trick myself. This is a...

appreciate your finger pointing. I take my time to think it through and share the thoughts related to an example based on your comment.

The Rationale behind it: What is a Hammer? It has a long wick, a small body and can close green or red. A Hammer is the most obvious signal for a change in the current market direction. Because in a single time unit, price moves in one direction and reverses in the opposite direction in an...

And thats the one I am looking for: daily uptrend, forming Higher Highs and Higher Lows even better: the Signal forms above a former broken restistance line, now a support level box ticked: before the Signal ( Hammer) a correction was evident Take Profit: the beginning of the correction marks...

On Backtesting Appreciating your thoughts on backesting. That is the same, what I heard about it from others aswell. Find link here: https://www.elitetrader.com/et/threads/profitable-pattern.339206/page-4 Key fact in that backtesting was a in-sample and out-of-sample backtesting, including also...

Basis Concepts This is no backtesting. I am already trying to do it manually (right). It is time consuming and hindsight can be a problem. Anyway I will post a link to a backtest thread once it is finished This is forward testing. This can be a problem. I know that. Especially when tweaking...

I digged in this forum for quite some time, before I decided or felt comfortable entering. I view this as "the pit", requiring one to have a base knowledge of trading. I have deep respect for anyone who is sharing insights, pointing in the right direction and taking the time to write a related...

I'm a newbie, paper trading since 2016 and approching the trading world like so much others did it before: holy grail searching via programming code, flipping from one strategy every now an then, overoptimizing backtesting results and curve fitting until no loss is left and of course the Youtube...

Finally appreciating your insights shwoing different results of the same trade strategy in different markts / trade products. Didn't thought it can make that difference.

On "you're asking for someone to analyze your trade strategy" I have no intention for somebody else to do my job. I tried to perform, in order to show that I'm willing to go in that direction experienced traders are pointing and worth an answer of a person spending half an hour answering me...

This is the NQ future analysed from 1999 to 2016. I was looking for an Inverted Hammer, that has to meet the following criteria: candle closes “green” (close > open) lower wick / shadow of the candle has to be a least twice as long as the body of the candle lower wick / shadow of the...

no matter how short my time - never can be too short to thank for a caring answer. I will reply in depth tomorrow

Thank you Mark, Mentioning your old forum name was only intended to be a reference and not to cause any trouble. Sorry from my side, if it was. I hope other newbies, as I regard myself, can use this reference as a paper trail while diving through the forum just as I did in the beginning. I...

Hello NihabaAshi, great to get "hands" on you and the only reason why I registered and posting right now. My approach is similar to the one mentioned here and I want to add flesh: First: Rules of the Trade Strategy - Entry Signal is a local High of an Inverted Hammer in an Uptrend in a 1D...