ilmscore | Prediction Details
"In order to use these strategies effectively, you must go back through the markets and stare at charts. You must go back five, 10, 15 years, sometimes on higher time frames and look for these kind of trades. Look for advanced patterns and any other kind of strategy that you plan to test. And you have to find these trades over and over to see how many won, how many lost, what was your stop, what was your target. So you can understand the risk-to-reward on every trade on average what you'll have."
By The Trading Channel (The Trading Channel) | January 12, 2016 | Pending
From video
Forex trading - 417 PIPs in one trading DAY! on a Monday! 00:01:03 - 00:01:33
Interpreted Prediction
Effective strategy use in trading requires extensive backtesting by reviewing historical charts (5-15 years, higher timeframes) to identify patterns, track trade outcomes (wins/losses, stops/targets), and understand average risk-to-reward.

Prediction Details

Topic
Forex Trading - Backtesting Strategy

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