Profitable pattern

trader1974 said:
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WELL Trader 1974/1975, a price trending/staying above 200 day moving average, tends to be a BUY;
but what'$ the 3 year + 10 year chart look like?? As far as a trade, looks OK; I also like to slowly snug UP a stop= a good tight trend will NOT get hit much + a sloppy trend will get hit= so fine with me, 'cause I don't like sloppy trade trends.[You can get/ buy into sloppy stock ETfs trends 'cause they tend to be bullish+ uptrend for long periods, but that may NOT help this trade??]
 
Wrbtrader, thanks for sharing this information.
Which of these professional trade journal software platforms do you recommend?

Thank you.

wrbtrader said:
You can backtest without programming skills and you do not need to know programming to start simulator trading.

First, know the rules of your trade strategy. Next, if you do not have historical data...start keeping basic stats of the pattern you see on your charts for each trading day going forward (start doing it tomorrow).

Next, get a professional trade journal software that works with simulator trading at your broker. That professional trade journal software will do the quantitative statistical analysis for you about your simulator or real money trade performance.

tradebench.com
edgewonk.com
tradervue.com
tradingdiarypro.com
stocktickr.com
journalsqrd.com
tradingdiary.pro
mxprofit.com
trademetria.com

There's a few out there freely shared that are excel but that was years ago.

Yet, today's brokers usually have some kind'uv basic statistical analysis embedded in their platform that gives you win:loss ratios, MAEs, MFEs, average time in trades, number of Longs, number of Shorts...basic stuff like that regardless if you use it or not to look deeper into your trade performance via whatever trade strategy you're using.

It all starts with your trade strategy. If you really do not have one and have just been winging it sort'uv speak...trading will be the hardest thing you've ever done.

wrbtrader
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aetrade said:
Wrbtrader, thanks for sharing this information.
Which of these professional trade journal software platforms do you recommend?

Thank you.
More...

Try any that has a free trial and / or try the ones that are a sponsor of this forum.

Most importantly, talk to your broker to get a list of the ones that work with their trade execution platform although most brokers have basic quantitative statistical analysis tools embedded within the platform.

wrbtrader
 
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