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I'm glad I found this site. I have been searching and searching for a good site to learn from other traders. I have very little knowledge of trading but willing to learn much as i can to become a successful trader. This is my future in futures and I hope to learn a lot from this forum and the community.
Happy learning and trading everyone.
Can you help answer these questions from other members on NexusFi?
Hello @Plasticman6. It is extraordinarily difficult to carry backtested results forward. The quality of backtests, due to database inefficiencies and errors in rule based logic, can generate many, many false positive returns. I encourage you to forward test the strategy and run it in simulation for an extended period before attempting to run this, or any, strategy live in production.
Best of luck-
Patrick
If you have any questions about the products or services provided, please send me a Private Message or use the futures.io " Ask Me Anything" thread
Hello guys...
I am a trader pro since 20 years by now, I have start 25 years ago with stock options , forex and futures.
I do think that indicators are useless until you start to know yourself...
And money management is the key of success, you cannot trade in the same way the future market or forex with the same amount of capital.
Cheers
I started trading a year back, i trade in india. i use futures and options combined to hedge and to take advantage of special situations and make some buck. i am a part time trader. i use 5 min charts. i don't use indicators. i also use the market data and test several strategies by using R and python. I have found that indicators just indicate, trading basing on them is very dangerous, Its all in the context of where we are in the market.
my motivation for trading: is there anything more interesting than trading?? i love trading and love it to the core. i can trade all the day everyday. After a lot of soul searching i found trading and my target in life is to become a great trader thats it. Right now in rat race and very soon (< 1 year) quitting it.
my setup: a system with a candle chart interval 5min, 15min, 60 min, daily. i look for breakout and resistance.
my fav books: market micro structure by larry harris.
Hello Everyone,
Glad to be part of community. I was trading for quiet long time mainly Stocks and Options.
Recently decided to get into trading futures.
I'm only focusing on CL at this point. Trying to be proficient in one set up for one security before making next move.
Appreciate everyone feedback.
Best,
Alex