Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
I have the product.
I've logged some hours on it.
My greatest takeaway is condensing a lot of screen time in a short period. I haven't used it in awhile.
I think it's good for price action traders as you can build a lot of screen time and look for patterns and or similar.
After I purchased it, I sent a question to the author.
Response was fairly quick, and matter was resolved to my complete satisfaction!
Great product and support indeed!
I think it would be wise to come up with a systemized way of using it for yourself.
Take notes. Do 20-100 set ups or similar then adjust testing.
Maybe start with balance/consolidation and imbalance/trend.
I am not really a moving average person, but after testing I came to find a way to use moving averages to gauge and identify market state.
Would you mind please explaining further what you mean, "wise to come up with a systemized way of using it for yourself".
Who's data are you using for the back-test?
I was told it's best to use the data for back-testing from the actual source where you'll be execute the live trades from eventually.
I have yet to decide on a forex broker. It would be nice to stay with IB, reputable and well established, but their commission are too high.
Take an entry, exit, managing method, indicators, etc and trade it in demo. Do this 20to100x. Record your pips, wintoloss, etc.
Then begin adjusting that system and repeat but change 1or2things.
Data...I used the free data.
1to3pip difference imo is neglible.
Brokers...fees shouldn't matter unless you scalp.
Like I said the biggest thing I got out of forextester is anticipation of price action.
I had difficulty trading retail forex. Futures has volume which has made me ticks before I used forex so went back.
Maybe try mini futures for eurusd and gbpusd.
Do that demo about 200to500x and get back to me with any feedback then I can give you more of my experiences.