ilmscore | Prediction Details
"And the reason is because all those hours that you put in back testing, there's no promise that they will ever pay. You can go through the pound, dollar, or any other currency. Just using this as an example, you can go through any currency on a 1 hour to 4 hour, 15 minute, doesn't matter the time frame. Go through on the chart for maybe the 4 hour chart and you can look for as many butterflies as you can find within a period of 10 years on the 4 hour chart. And maybe you find somewhere near 300 trades. You test them. you you crunch numbers in a spreadsheet for all 300 of those trades using different stop- losses, different targets, trying to figure out which one would be most profitable. And at the end, you've got around 200 or 300 hours just on that one pair, one strategy."
By The Trading Channel (The Trading Channel) | January 12, 2016 | Pending
From video
Forex trading - 417 PIPs in one trading DAY! on a Monday! 00:02:01 - 00:02:53
Interpreted Prediction
Even after 200-300 hours of backtesting a single currency pair and strategy (e.g., looking for butterfly patterns over 10 years), there's no guarantee of profitability.

Prediction Details

Topic
Forex Trading - Backtesting Strategy

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