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I have read several sites but it seems a rather confusing process , it seems most are using excell for this , they transfer the whole market data to the spreadsheet (no idea how to do this and is it all the data from past?) then they write their trading rules.... no idea how to write a strategy...

Hi , whats the optimal numbers stop loss and profit target? are there general rules for these things ?

The problem is not what to choose but how to choose it and program it , i have no idea lol and i dont understand , can i backtest individual conditions? i mean backtesting isnt about showing the profitability of my total strategy? i also saw someone trade who had all his requirements typed in...

Oh backtesting is the simulation of past data but i dont get it how it works , i used the strategy tester of mt4 , does it search past charts with similar patterns on them like the current one i have on mt4? it also seem like i have to use indicators and stuff like that. Do i have to code...

Ok , lets say i decide the rules of my strategy , i will build x trendlines based on x factors and i will buy or w/e when price moves on x point , now what happens when a trader dont find any trade that meets his criteria? i mean whats the typical schedule of a trader? i guess a proffesional...

Interesting technique , does the same apply for pivot high with lower highs next to it? i guess it wont break easily either , ah i remember this makes sense , the bigger a trendline is the better because the time is bigger , gotta search for strong pivot highs then , tbh i have to reread a bit...

Yes i understand i need a stop and profit target , i dont know how to find the optimal numbers for those , right now i study charts so one thing at a time , i will get there eventually , right now the only pattern i can see is the resistance trendline , its fairly basic but better than nothing ...

Come to think of it , autochartist lines may seem weird because they are drawn from a different time frame , tf may provide the same opportunity but its not as easy to detect patterns on every single one of them , i cant detect any pattern at all at one day time frames , barely a single...

Nice , From what i see i can change the time frame with zoom in or zoom out , whats the optimal one? do i decide what time frame i want based on my style? if i recall correctly most reversal/continuations patterns werent optimal for small time frames , they required some months for validility ...

Thats strange , dont we have to find first what kind of pattern it is in order to evaluate the information? i mean patterns give specific information or at least a boost that something specific will happen more often than not , if thats not true then whats the point to study price patterns? if...

I downloaded autochartist plugin , it seems the net is full of chart pattern recognition software and even automation , it was the only free software , its drawing patterns are strange , it use a lot of triangles , i would like to dl metastock but its expensive :( , gotta reread the triangle...

Im not lazy , i just think it will help me learn faster. Can anyone confirm if my chart's lines look valid?

You probably misunderstood me , im not looking to find if my patterns are foolproof or used on perfect timing , id ont care about this , all i care is if i drew it correctly on the chart as silly as it sounds , you say thats easy but it doesnt feel easy for me and yes i want this so i can...

What exactly i get wrong? i cant jump from books to demo , i have learned a lot of stuff but i still need to practice it and see it in real action and also question myself if i understood it correctly , how am i supposed to do that?

Hi , is there a software who can be used for training? i want a software who can put trendlines patterns automatically assuming its possible to do so , i want it to include all popular chart patterns and if its possible i want it to test my knowledge with questions based on different patterns...

I finished the price chapters , i want to practice what i have learned , is there a software who can be used for training? a software who can give you charts and can also put trendlines based on what type of trendline pattern you want as long as its possible to do so ofc.

Its hard to deal with the english language at price pattern chapters , from what i understand these patterns like head and shoulders are meant to find a trend on trendless situations? come to think of it the previous chapter strategies were more about downtrends or uptrends. It may look...

Ah i see , so basically the fan principle im reffering to is a strategical option that i decide if i want to use it as part of my strategy , i guess this book gives you many tools and you decide which ones to keep and which to drop but strategy is all about trend definitions based on S&R and...

This book is so much better than other material i have read i actually enjoy it , the dow's theory confused me a bit (due to english not being my mother language) but S&R and trendline chapters are easy to understand , so lets say for ex. that 3 resistance lines have been violated and at the...

Im not a troll and i l ike the answers i got so far , people are very helpfull here , im reading the book now and i will keep asking things i dont know (am i allowed to do that?) the book looks simple right now but will eventually get harder , it is very well written though.