Fun way for us noobs to play our strategies

Beginner Questions
1

I use MT4’s Strategy tester very often… maybe too often since I find myself doing this whenever I have free time :stuck_out_tongue: I pick a random date and my prefered time frame. Started tracking my wins & losses using my own custom trading strategy which is mostly technical analysis I’ve developed w/ fibs, patterns, ect. When I see a potential entry trade I’d play then I pause, draw a horizontal line (where I’d enter) then stop loss, & take profit levels keeping the same SL/TP values to focus my risk/reward as a control (ie never having risk or reward be the ‘X’ factor in my trade win/loss %).

Then play H-O-R-S-E with your trades!:slight_smile:

Agree that we’ve all had lucky streak or two when shooting hoops but making the other player miss from your favorite sweet spots consistently proves you’re a better player and is more accurate. I think its a cool way to help get you that consistent 50%+ win % [I]before[/I] factoring multi-lot trades, multiple TF convergence, times of news release… ect ect. :smiley:

2

I am very interested in what you are saying but like many other people looking through this part of the forums, I am a newbie and cant understand some of these things by reading alone. If you can make a video out of this, that would be really helpful!

3

O ya, its all good. In a nutshell I’m playing HORSE with fictional trades (if you know what that game is in basketball). :slight_smile:

I take a potential trade and if it hits my stop loss (SL) first then the market just gave me an “H”. If I hit my take profit (TP) first then I’d be out of the trade with a win and I give the market an “H”. First to spell “horse” loses.

Watching the markets print by playing them back in fast forward really show how candle’s wicks effect trading and the force behind those tall green or red candles are. You can download MetaTrader4 from www[dot]MetaTrader4[dot]com.

[I]“Trade what you see not what you believe”[/I]