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Backtesting

  #21 (permalink)
 
motowater's Avatar
 motowater 
Chicago IL
 
Experience: Advanced
Platform: Ninja
Trading: RTY
Posts: 36 since Jul 2012
Thanks Given: 26
Thanks Received: 12

I use ToS and I like the onDemand Feature.

Anyway backtesting is good when you're a complete beginner and barely know what support and resistance is. Otherwise it screws with what the ego thinks. Kind of like how OnDemand has the play x1 aand play x3. If you want realistic practice, you will get a better feel for it live.

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  #22 (permalink)
Flash Gordon
Burlington, North, Carolina/USA
 
Posts: 19 since May 2019
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Your point is very well taken.

Support and resistance (at least to me) indicate how other traders "might" react.
About 50 different "subjective matter" go through my head before I enter a trade i.e.; am I up for the day, am I rested, does my stomach or head hurt, what is the overall market doing. What size trade am I comfortable with at this moment, and and many other parameters outside the scope of a backtest.

As always, best trading to all, -flash


kevinkdog View Post
"Trade the repeating patterns" - that is telling me you are trading patterns that worked in the past, right?


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