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it is making good profits on XAUUSD in backtest, on 1M timeframe!
don't change any input but make the starting amount of backtesting high so that it has money to trade with
the below attached results are of past 3 months!
Raymond Thomas Dalio is an American billionaire investor and hedge fund manager, who has served as co-chief investment officer of the world's largest hedge fund, Bridgewater Associates, since 1985. He founded Bridgewater in 1975 in New York
Being Impatient: Many day traders rush to book their profits or make trading decisions in a hurry which is one of the reasons why they make losses in intraday trading. Many traders book profits before deciding their price targets or stop loss
Forex trading may make you rich if you are a hedge fund with deep pockets or an unusually skilled currency trader. But for the average retail trader, rather than being an easy road to riches, forex trading can be a rocky highway to enormous losses and potential penury.
If anyone wants to know about the secret of forex trading, then I must say that there is no matter which market you are trading like forex or stock everywhere you need to learn the market, you can not earn money without learning. If you will learn better then you will earn the best.
Backtesting can be misleading for a whole host of reasons. Data snooping biases, survivorship bias, etc.
But for me the biggest problem with backtesting is that you are generally testing some entry conditions and exit conditions.
I am learning to trade on my own and i don't have a personal guider to prepare me for the journey, I hope I will use free videos on YouTube in learning
manual trading takes time and it is frustrating, It once gave me a mental break down and I won't return to it , so I have chose to study algo trading! hope it will help.