ilmscore | Prediction Details
"And I will show you exactly how I came up with those 417 pips. But first, I want to explain how important it is for you guys to test any strategies that you want to use in the market. Because, see, this is where most people give up. 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. You may want to test for multiple targets and multiple different ways to put in stops. So by the end of it, you will probably have hundreds of hours in back testing."
By The Trading Channel (The Trading Channel) | January 12, 2016 | Pending
From video
Forex trading - 417 PIPs in one trading DAY! on a Monday! 00:00:48 - 00:01:45
Interpreted Prediction
Successful trading hinges on rigorous strategy testing, involving extensive historical analysis to understand trade outcomes, risk-reward, and optimize targets and stops, a process that can demand hundreds of hours.

Prediction Details

Topic
Forex Trading - Trading Plan

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