I am trying to learn trading now since two years. I think I have a good broker, Interactive Brokers. I think I have a good charting software, TradeNavigator and Ninjatrader. I have time, I do trading fulltime, 10 hours a day since two years. I have an account with 150000 Usd only for trading. But I am still not trading with real money because I think, if I would start right now, I could not make money with trading.
I tried the discretionary trading, but I like more the automated trading. I like to code strategies and see how it works. I am not a professional coder but I am able to code most of the strategies and setups you can finde in books and on the internet. Thats the way I try to learn trading. I read a book or find something on the internet, and then I code the strategie and see how it worked, in the past (Backtesting).
Now I found a lot of threads in futures.io (formerly BMT) forum, where people are saying that is the wrong way. People are saying forget, automation, it is not working. Maybe they are right, and I have to find a disctretionary trading style.
But how can I find a discretionary trading method that works? A lot of people are saying the method is not so important, the setup is not so important, the entry is not so important, the only thing that counts is psychological.
For me that makes no sense. Why is the method not important, why is the entry not important? Why are these things not important?
When I trade I have to follow some rules. I have to find a point where I get into the trade, and a point where I get out of the trade. How can I find now this rules, without backtesting and coding? And more important how do I know if it is working or not, without backtesting.
Also a paradox for me is. People are saying keep it simple. If a method is simple and has rules, I think I can code it.
And if I can code it, I can make it automated.
For example is Perrys method. He says he is a discretionary trader. But his method has rules and it would be simple to code this strategie. I havent done it yet, because I am actual working on other strategies. But why should his method work only as a discretionary trader?
Ok, a lot of questions, I hope I can find some answers, and thank you for your help.