Paper trading for a year!

ITM_Latino said:
So you're telling me you lost the borderline once in a lifetime opportunity the market has offered since April?, you are a very patient person indeed :D
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Once in a lifetime? I am 30, so far the currency, commodities and stock market have had at so many crashes of which I know of (Dotcom, 9/11, Lehmann, Greek/Euro crisis, Corona, Abenomics, Iraq war, Brexit) The magnitude does differ, but there is on average every few years one.
 
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David's faith said:
Once in a lifetime? I am 30, so far the currency, commodities and stock market have had at so many crashes of which I know of (Dotcom, 9/11, Lehmann, Greek/Euro crisis, Corona, Abenomics, Iraq war, Brexit) The magnitude does differ, but there is on average every few years one.
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I'm quite sure you haven't analyzed the SP on monthly TF yet.
 
DingoCC said:
Back testing and walk forward is completed. I'm paper trading now in IB a weekly system with an average bars (weeks) held of 46 . Avg wins are 61 bars. 68 trades per year on average. Gaining statistical significance for this system is too long for my patience...... any suggestions on speeding up the process?
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YES,DCC;
print out a 10 year monthly paper chart of QQQ, or SPY or XLK/buy one share.
That will show you how to trade/invest.May want to use 3 year weekly charts also- I do.
Most anything works in an uptrending bull market/above 200 day moving average.
DO NOT trade/invest with money you cant afford to lose
IF not in usa/find etfs like those.Wisdom is profitable to direct...………………………………………...
 
Tradex said:
Did you complete at least 200 to 500 historical trades from your backtest?

Quite frankly forget about live testing and the so called "forward" testing, what is really important is the number of historical trades you have already tested.

Personally I never trade a system unless I have backtested it with at least 20 years of historical data, on the 5 to 15 min charts.
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Tradex,

Great point you made in red above. you are right on this part.
 
David's faith said:
Once in a lifetime? I am 30, so far the currency, commodities and stock market have had at so many crashes of which I know of (Dotcom, 9/11, Lehmann, Greek/Euro crisis, Corona, Abenomics, Iraq war, Brexit) The magnitude does differ, but there is on average every few years one.
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Most of those are small events. Only Lehmann (aka Global Financial Crisis) and Covid-19 really count here. If you are 30 you probably weren't old enough to trade through Lehmann. So there has been only one once-in-a-lifetime vol event in your adult or "trading" life (career) so far.
 
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