Why would you post something so useless? I just politely asked a question and you are making fun of me because my question is not within your values. People are different I`m different from you but I would never be so low as to just make fun of someone thread for my 5-second fame and fun.Since you don't seem to like any of the suggestions so far, you could try advanced machine learning.
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How do I paper trade?
- Thread starter andy_p
- Start date
This is literally the weirdest thread I have read in all my time on ET
Andy; If you have to trade on paper then do that.
When the market opens tomorrow, watch for your set-up and when it appears, write down where you would have taken the trade. Then watch the market. If your stop gets hit, you have a paper loss. If your target gets hit you have a paper profit.
What is so tough about that?
When the market opens tomorrow, watch for your set-up and when it appears, write down where you would have taken the trade. Then watch the market. If your stop gets hit, you have a paper loss. If your target gets hit you have a paper profit.
What is so tough about that?
I meant no offense to you with my attempt at humor. There are several legitimate suggestions in this thread. Why not try one or more of them?
andy_p, ph1| makes a good point my friend.
Which of the options mentioned so far do you think offer a good way forward?
An analogy...
What you are trying to do is plot your position in the middle of the ocean using a sextant and stars, rather than the GPS device located right next to you.
Hello
The guy told me to paper trade on a pen and paper he is trader from the 80`s he has been trading since then. I need to know how to paper trade. Please tell me how do I know if the stop loss is hit before the take profit this is all that I`m asking.
You get a demo account with a live data feed (this is ALSO known as "paper trading"), and look at the chart/price ladder. Or better yet, just set a profit target and stop loss on said data feed, and see which gets hit first. You simply cannot do it on pen and paper. This isn't the 1980s, man.
Guess a severe downshift is in order.
1) What is your source of price data?
2. What is the smallest timeframe available from your data source?