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Hello, I have been reading about you algo traders. Very very very interesting from someone who has been discretionary trading the charts price for about 2 years now. I never know such trading existed.

Hello, I did some reading on trading and manual backtesting.

What about for those who have not made any profits?

Hello Palindrome, Intraday trading is good for people like me with small accounts and have to close positions by end of the market session. It depends on preference. I would recommend a newbie start with smaller time frame (1-15 minute) intraday trading just to get in the feel and gain...

Thank you nonlinear5, This is good information to know.

You are right. In trading, a trader will find out that they don't like instrument X, because of Y. Or they don't like scalping because of Z, they prefer risk vs reward trading. I will advice to: 1. Watch a few instruments of interest on the chart daily for about a month. 2. While...

Hello, I have a breakout strategy that have been manual backtesting with no indicators. I just identify the trend direction with my eyes. Well, I can not program and automated backtest what my eyes see. I would like to use EMA(s), but not sure which ema(s) to use. Can different ema(s)...

Thank you Maka, Is it really that simple? https://www.quantopian.com/algorithms/584e16351fc8d500120007fb I can say is WOW. I have been discretionary forward testing one strategy for 1.5 years on and off and I click that link above and ran the sample back test and in 1 minutes the results of...

Thanks Steve, I believe it can be trival if i put a EMAs on my chart to identify trend and then trade how I been doing. I been discretionary trading breakout with no indicators, just using my eyes to identify trend. But if I can program my strategy, I can try countless EMAs combinations to...

Thanks Handle123, See the attchment for example. I will start a new thread of my roadblocks of my strategy I am considering and where I am stuck at.

One of my biggest weakness I belive is improper data collection when backtesting, especially when done manually. For instance, MAE can help with stop loss prediction, but what about entry. During testing and data collection only one entry can be used. Should multiple entries per trade be...

Yes, for data collection per trade, I assume you document the potential profit target of the trade. Yes, I understand taking a certain amount of profit ticks.

Thanks speedo, Do you use record the MFE after you close the trade as well? To see potential profit you could have missed cause of early exit.

KDASFTG, Thank you so much. Very appreciative.

Thanks MoneyMatthew I do have 6 months of data, but I really don't trust it because during the trade, I was moving stop back and did not have a clear entry price. In a sense, i want to start over. It's a great challenge for me and I rather do it right and learn from mistakes then continue...

nonlinear5, At a time(t) I want to trade just like this.

Hello, Really appreciating the help here to make sure I am the right path. I have a system based on support and resistance I am collecting data for. Basically, if price gets above resistance and retracement, i go long. Vice versa for short below support. I understand that MAE means the...

Thank you MoneyMatthew, Really appreciate the response. I will respond to your comments. I am still discretionary trading this system and documenting the results accordingly. I believe the system will work if I simplified it a bit. Yes, I trade resistance and supports. Do you have any...

Thank you Zzzz1 for confirmation, Yes, I am still reviewing backtesting and automation platforms. I really do not know (i am still researching, etc.) how to pick a platform, I am only custom to ThinkorSwim, but they have no automated trading.

Hello Golden Retriever Trading, I believe this is discretionary trading and if it makes/saves money, it makes sense. Yes, there are times I am in a trade and everything from experiences tells me this trade will hit my stop when I discretionary trading. Sometimes, I get out and sometimes I...