My man I just want to say THANK YOU SO MUCH. This is DEFINITELY in my top 3 most important FX trading videos. You are practically dishing gold to us. It really is so valuable. The little tips, marrying your trend line to the most recent structure, steep flags vs flat flags, the way you move from the Daily to the Hourly, so clean, so precise. I'm still on the 15th minute in the video but I have taken soooo many notes and found so much benefit. Really appreciate it man. Your videos have sparked me to literally change my life. I used to be fairly disciplined on Fx about 2 years ago, but gradually just found comfort in my job and the discipline declined. Your videos have helped me turn this decline around, focus on day to day processes, use the 'easier' days to kill off more goals and tasks so that when the tough days come you already have that momentum and confidence in yourself to bulldoze through. Its incredible. Thank you so much. I really think this turn around will take me to where I want to be with my life. Ps... continuing with the video now from 15th min :) Salutes..from rural South Africa
@@siphelelempofana2806 go through this guy Michael Bamber's page, he has a lot of videos on it. With backtesting, I actually found that my performance was bad as opposed to live trading. I then dove deeper and found that when backtesting, I tend to get too zoomed into the lower timeframe. I don't know why, guess its coz I was playing the market at my pace. Maybe that could be why you're struggling with backtesting. Do backtesting at the same time as Demo trading and compare results. Hlampe untswempu nje. 💪
@@adrianpacheco2583 I actually hadn't thought of the other 2 😂😂 This video just gave me so much value that I felt it 'HAD to be in my top 3' kinda thing. But top of my head, the video that completely changed my trading style is Mark's video on support & resistance: ruclips.net/video/6bc7yx3ITuo/видео.html He's basically the master of this pattern style trading.
Good video. Did anyone note the irony of the pics on the wall? “Don’t look back” when in fact that is exactly what he is doing. And “Never ever Stop” when in fact he is managing those stops constantly.
I'm currently going through this process of backtesting. I wanted to make sure that I'm doing it right and efficiently. Thanks alot for this video bro. Amazing content on your channel. Keep up the work.
Cool video. It would be nice if you could show backtesting when the market goes against your setup so we know what to do in those scenarios. Thanks again for the video.
I guess im asking the wrong place but does anyone know a method to log back into an instagram account..? I was dumb forgot my password. I love any tricks you can offer me.
WHAT AN AMAZING EPISODE......MICHAEL I JUST STARTED TRADING (falcon member).....THIS GAVE ME SO MUCH CLARITY ON HOW YOU UTILIZE MTF ANALYSIS AND GO BACK AND FORTH BETWEEN DAILY AND HOURLY CHART FOR CLARITY.....I AM GOING TO WATCH THIS VIDEO OVER AND OVER AND ALSO GOING TO BACKTEST LIKE HOW I WOULD IN LIVEMARKETS THANKS.......AND THIS JUST PROVES ONCE AGAIN "PRICE ACTION IS KING"
I have been making a huge profit on my investment since I started trading with Mrs Lisa Arnold, her trade strategies are top notch coupled with the little commission she charges on her trade
Wow, amazing to see some others who currently trade with Mrs Lisa Arnold, I am currently on my 5th trade with her and my portfolio has increased tremendously
invested with Mrs Lisa Arnold too, she charges a 20% commission on profit made after every trading session which is very fair considering the efforts she puts in inorder to make a huge profit
Yessss Bamber! I have more clarity with backtesting I was not too sure how to go about it before but thanks for this video! It has helped a lot keep smashing 2020 mate!
Thank you so much for this mate. It is months later but I am back on this video, working on my own backtesting process. Trying to refine the actual process I follow, and your video is proving very valuable in this regard. I find immense value on such videos where you go into deep detail of your trading related processes. Everybody places trades on the platform, but whats sets traders apart is what they do besides the placing trades and trailing stops etc.
Using a similar method to backtesting I was able to proven a pure price action strat, Im trying to teach people my strat on my channel now as it allowed me to quit my day job. keep it up!
Amazing, clear cut clarity video! Thank you for your dedication and effort Bamber! Blessings from Boston! The highest human act is inspiration and I am very inspired my friend to take action on strengthening my backtesting abilities!
Bro thank you so much for this video. It seems like this training is probably the most over looked in all the courses out there. I appreciate you dropping this video
Thank you so much for sharing this great content. I managed to copy your template and started backtesting the GBPJPY from January 2018 onwards. After backtesting almost 6 months of price action, I feel a bit different in the way I approach the market.
What a brilliant piece of analysis and very well managed. All your videos give so much value. One thing i noticed and that was I think you didn't move your stop to break even at 1:1, which looked like it may have been a stop out on that single spike up, instead moving to BE at lower structure line. Previously I recall you explaining you tend to be less aggressive with the stop if you are at the top of outer structures. Thanks very much for sharing, all the best Michael.
Michael - I have a few spreadsheets I could share with you that you could give away to everyone. Like you I feel like we should give back to the universe. I have literally no interest in selling anything but I do like to give back. (1) win / loss spreadsheet for testing strategies with multiple formulas to see cashflow and percentages. (2) Trading diary spreadsheet similar to your ASR but much deeper all built into a spreadsheet with tons of formulas and additional features such as income data based on PIPS and emotion-mood tracking per trade. (3) Backtesting spreadsheet with very in-depth data tracking for many data points including strategy names, indicators used, etc.
There are no guarantees in trading. The sooner you accept that you sooner you can release your expectations and focus unconditionally on a proven process. The process by which one accumulates money is so simple, yet so hard to implement for most. The mind is a fascinating instrument that can make or break you.
I have such a better understanding of back testing after watching this video, it's very detailed step by step and great quality thanks bro appreciate this video
you know when things just finally click and you get a shiver of excitement? i just started and always get that from watching your stuff. Your simplistic way of drawing channels, recognizing candlesticks, and analysis is an inspiration and have been adding it to my arsenal. quick questions: do you use leverage or do you just increase your position size for potentiating profit? THANK YOU!!
Very helpful new update from TradingView. I tried the demo before and I didn't like the way it functioned for muti timeframe analysis. Good thing they fixed it now. Thanks for this informative vid
Great Video! thanks alot always look forward to your video's I have taken and learnt from you as a start out trader and to see how organised and determined you are. Thanks
I’m Brazilian guy and my dream is have a good knowledge in English to perfect understand what you talk 😕. Here, in Brazil, almost all the teachers and influencers which speak about financial market, sell illusions and things to take your money and hangout without explaining... this is so bad. I feel confidence in little bit than I understand of you. Congratulations and success!!
Thankful for this video and your content! Questions: 1. So that means you generally trade on the 1h chart? 2. How can you lock in profits like you said you did. The price was way down, but you took profit at like the mid of the way down? (I hope you understand what I mean) 3. That means you are not closing all your positions everyday. You hold a position for way longer.
I would advise you Invest in the most secured forex trading platform with Sir Adams. He comes highly recommended and those that have reached out have great testimonies even myself.
Trading doesn't just reveal your character, it also builds it if you stay in the game long enough. Money is just something you need in case you do not die tomorrow. ... Confidence is not "I will profit on this trade." Confidence is "I will be fine if I don't profit from this trade.”
Hello mates please do not be deceived by this fake people out there.I got scam twice before now,as a beginner it’s not really easy to know the right broker,until I met this man in the store 🏬 when he was talking to a student I head him talking about forex which got my attention to him,I told him my story and he asked me if I’m still interested again which I told him yes. and he started helping me,now at least I am not the best but I am really making a huge profit as I invest,if you are interested please contact him now. he is very honest and trustworthy,contact him now at (Andrewwilliamq1@gmail.com)Stay safe all of you
I've been using the excel sheet you gave in the description and its amazing bro. I made a few adjustments to it like added notes on why i took certain trades. But overall it has helped me so much. May you hit more tp's than before bro💯
Michael awesome work as always, i recently became a part of the falcon family, going through the foundation series, what an amazing way of analysing the markets. Where can i talk with other falcon members if i dont understand something?
Definitely took some inspiration for my backtesting routine. Also I see btc/usd, oil, gold in your spreadsheet. Have you tried to apply your price action strategy on other markets like crypto/comodities etc or just forex? Thanks for your work, Michael. It resonates with me a lot.
Interesting stuff. I'm now finally consistently making small profits thanks to all of the things I've learned so far, which have come (it has to be said) primarily from Falcon traders like yourself. I don't need help with the psychological side of trading, but I think there's probably a lot I could learn from a technical perspective. Like the "scoop" that you refer to for example, which is new to me and which I'll be looking out for from here on in. I also don't always marry my trend lines up with the two most recent highs or lows, which I think I'll also be doing from here on in to keep my trading consistent. One of my goals is to become a Falcon trader, but every time I generate some regular revenue from one source to make this goal a reality I'm currently finding that I'm losing some revenue from elsewhere, which is a bit frustrating. But I guess it is what it is and as soon as this stops happening and I have the extra revenue I need I'll definitely be joining the group. Thanks for sharing this!
Dear michael, it was a really great video. Thank you very much for your efforts. I strongly believe in the existence of technical analysis. Basic analysis is just one reason why technical analysis takes place. I've seen this a lot in the fx market I've been dealing with for 4 years. You proved again .. You're good, buddy ..
Hi Michael. Thanks for making these videos. Have you backtested whether moving your stop to breakeven after a 1% move in your favour costs you money in the long run? I am a full time trader and with my method backtesting has proved that breakeven stops reduce my long term profits. I think this would likely be the case for all traders. I understand that moving to breakeven can help psychologically in that it will smooth out some of the variance. But maybe now you are having some consistent success you can deal with the ups and downs better and would find just leaving your stop in place would generate a better return over the longer term?
Great video man as always. Could you go into a little bit of detail with regards to the significance of sample size in your backtesting. Different strategies have different trade frequencies, now disregarding the general norm of 100 trades, what has been your personal experience regarding sample size that has given you confidence in trading your egde? Some systems especially on higher tfs(e.g daily tf) can barely produce 50 trades over a 5 year period. And which statistical metrics to you look for in your backtest. Also how do you optimize your trading portfolio, because sometimes, strategies do not work as well on all currency pairs, do you eliminate certain currency pairs based on their performances?
Thanks for watching and commenting don’t forget to hit the subscribe button for more head way into crypto and stocks consultation text my broker @norristrades via TEIEGRM .
My man I just want to say THANK YOU SO MUCH.
This is DEFINITELY in my top 3 most important FX trading videos.
You are practically dishing gold to us. It really is so valuable.
The little tips, marrying your trend line to the most recent structure, steep flags vs flat flags, the way you move from the Daily to the Hourly, so clean, so precise.
I'm still on the 15th minute in the video but I have taken soooo many notes and found so much benefit.
Really appreciate it man.
Your videos have sparked me to literally change my life.
I used to be fairly disciplined on Fx about 2 years ago, but gradually just found comfort in my job and the discipline declined.
Your videos have helped me turn this decline around, focus on day to day processes, use the 'easier' days to kill off more goals and tasks so that when the tough days come you already have that momentum and confidence in yourself to bulldoze through. Its incredible. Thank you so much.
I really think this turn around will take me to where I want to be with my life.
Ps... continuing with the video now from 15th min :)
Salutes..from rural South Africa
I'm from SA as well bra which other videos would you recommend for backtesting because I'm having trouble with my backtesting
would you mind sending me your other top 2 important trading videos you mentioned?
@@siphelelempofana2806 go through this guy Michael Bamber's page, he has a lot of videos on it.
With backtesting, I actually found that my performance was bad as opposed to live trading. I then dove deeper and found that when backtesting, I tend to get too zoomed into the lower timeframe. I don't know why, guess its coz I was playing the market at my pace. Maybe that could be why you're struggling with backtesting. Do backtesting at the same time as Demo trading and compare results. Hlampe untswempu nje. 💪
@@adrianpacheco2583 I actually hadn't thought of the other 2 😂😂
This video just gave me so much value that I felt it 'HAD to be in my top 3' kinda thing.
But top of my head, the video that completely changed my trading style is Mark's video on support & resistance: ruclips.net/video/6bc7yx3ITuo/видео.html
He's basically the master of this pattern style trading.
Good video. Did anyone note the irony of the pics on the wall? “Don’t look back” when in fact that is exactly what he is doing. And “Never ever Stop” when in fact he is managing those stops constantly.
I'm currently going through this process of backtesting. I wanted to make sure that I'm doing it right and efficiently. Thanks alot for this video bro. Amazing content on your channel. Keep up the work.
Michael Bamber is the real deal. Made so simple and effective. Doesn't get much better than this!!
Best backtesting video hands down. Salute
I was questioning the legitimacy of this business but finally I found a man who made me smile!!!!!!!!!!!!
Hey Emma, you are sounding real
How can I get to reach him.
Mr Logan is indeed a great man, all thanks to Emma who gave me details about him.
So how do I get to reach him
@@saraalice9893 you can email him (officialgilbertwilson@gmail.com)
Cool video. It would be nice if you could show backtesting when the market goes against your setup so we know what to do in those scenarios. Thanks again for the video.
Sensational man. Thack you very much. Big hug from Brazil.
I guess im asking the wrong place but does anyone know a method to log back into an instagram account..?
I was dumb forgot my password. I love any tricks you can offer me.
This is one of the best backtesting videos have washed so far, keep it up bro
WHAT AN AMAZING EPISODE......MICHAEL I JUST STARTED TRADING (falcon member).....THIS GAVE ME SO MUCH CLARITY ON HOW YOU UTILIZE MTF ANALYSIS AND GO BACK AND FORTH BETWEEN DAILY AND HOURLY CHART FOR CLARITY.....I AM GOING TO WATCH THIS VIDEO OVER AND OVER AND ALSO GOING TO BACKTEST LIKE HOW I WOULD IN LIVEMARKETS THANKS.......AND THIS JUST PROVES ONCE AGAIN "PRICE ACTION IS KING"
Thank you so much on such a wonderful video educating the general public about forex trading and how to invest wisely on signal gain strategy
I have been making a huge profit on my investment since I started trading with Mrs Lisa Arnold, her trade strategies are top notch coupled with the little commission she charges on her trade
Wow, amazing to see some others who currently trade with Mrs Lisa Arnold, I am currently on my 5th trade with her and my portfolio has increased tremendously
invested with Mrs Lisa Arnold too, she charges a 20% commission on profit made after every trading session which is very fair considering the efforts she puts in inorder to make a huge profit
This is not the first time I am hearing about Mrs Lisa Arnold and her exceptional exploit in the trading world, but I have no idea on how to reach her
you can reach her on telegram
I Re-watched this video again, it Provides so much Value surrounding backtesting, Nice One Bamber! :) Nicely put together
Michael, what a lesson personally! Thank you so much for the sharing. A lot of value found in this video. Hope much more to come! See you in 🦅
This video's content is a realization of what trading actually is like. Didn't really know that backtesting was such a critical tool. Thanks Bamber.
Yessss Bamber! I have more clarity with backtesting I was not too sure how to go about it before but thanks for this video! It has helped a lot keep smashing 2020 mate!
One of the best videos I've ever seen bro, keep going! Congrats for your successes!
Thank you
Probably the best video I´ve seen on Backtesting. A big thx to you. See you in Slack.
Thank you so much for this mate. It is months later but I am back on this video, working on my own backtesting process.
Trying to refine the actual process I follow, and your video is proving very valuable in this regard.
I find immense value on such videos where you go into deep detail of your trading related processes.
Everybody places trades on the platform, but whats sets traders apart is what they do besides the placing trades and trailing stops etc.
Glad it helped! Your very welcome mate
@@MichaelBamber can you please help me get the backtesting spreadshit?
DONT LOOK BACK.....NEVER STOP. His videos are always FIRE
Using a similar method to backtesting I was able to proven a pure price action strat, Im trying to teach people my strat on my channel now as it allowed me to quit my day job. keep it up!
HunterFX how accurate is it?
Have you done the video on it ...?
Amazing, clear cut clarity video! Thank you for your dedication and effort Bamber! Blessings from Boston! The highest human act is inspiration and I am very inspired my friend to take action on strengthening my backtesting abilities!
Bro thank you so much for this video. It seems like this training is probably the most over looked in all the courses out there. I appreciate you dropping this video
I Advise you speak with Sir Adams .
14242166545
love the discipline and process that you follow. Though, I cant find the link to the backtesting spreadsheet in your description. Help out!
Thank you so much for sharing this great content. I managed to copy your template and started backtesting the GBPJPY from January 2018 onwards. After backtesting almost 6 months of price action, I feel a bit different in the way I approach the market.
What a brilliant piece of analysis and very well managed. All your videos give so much value. One thing i noticed and that was I think you didn't move your stop to break even at 1:1, which looked like it may have been a stop out on that single spike up, instead moving to BE at lower structure line. Previously I recall you explaining you tend to be less aggressive with the stop if you are at the top of outer structures. Thanks very much for sharing, all the best Michael.
Perfect Timing!! - Great video Michael :) Hope you have had a fantastic week!!
Great Vid Michael!! Asbolutley loving the content man.. keeping us all motivated! Keep it up man!
Very helpful. Thank you man.
Sooo Much Value!!! Great Video, So Informative. Looking Forward for Future Content!
Thank u Michael i love this series cant wait for the next one pair behaviour and characteristics ....from South Africa
Michael - I have a few spreadsheets I could share with you that you could give away to everyone. Like you I feel like we should give back to the universe. I have literally no interest in selling anything but I do like to give back. (1) win / loss spreadsheet for testing strategies with multiple formulas to see cashflow and percentages. (2) Trading diary spreadsheet similar to your ASR but much deeper all built into a spreadsheet with tons of formulas and additional features such as income data based on PIPS and emotion-mood tracking per trade. (3) Backtesting spreadsheet with very in-depth data tracking for many data points including strategy names, indicators used, etc.
Can I get this too? I would really appreaciate ir
There are no guarantees in trading. The sooner you accept that you sooner you can release your expectations and focus unconditionally on a proven process.
The process by which one accumulates money is so simple, yet so hard to implement for most.
The mind is a fascinating instrument that can make or break you.
Micheal Lemme Tell you the truth I really needed this video Thanks a lot mate love ❤️
Hi Michael, the back testing spreadsheet link is not available in the description please
Thank you for this! I have no idea why people aren't talking about backtesting! Super critical
I have such a better understanding of back testing after watching this video, it's very detailed step by step and great quality thanks bro appreciate this video
you know when things just finally click and you get a shiver of excitement? i just started and always get that from watching your stuff. Your simplistic way of drawing channels, recognizing candlesticks, and analysis is an inspiration and have been adding it to my arsenal. quick questions: do you use leverage or do you just increase your position size for potentiating profit? THANK YOU!!
Informative video Michael!💯
great content - keep it up !
This video is very useful to me...Thanks Bro..
Yoo nice vid, but I can't seem to find the document link for backtesting. Did you delete it or? Would really appreciate it coming back.
I like your analysis, thanks.
Excellent video Michael, I just joined Falcon and this really helps in my learnings. Cheers
Very helpful new update from TradingView. I tried the demo before and I didn't like the way it functioned for muti timeframe analysis. Good thing they fixed it now. Thanks for this informative vid
solid video. Thanks the idea of using notion. I was previously using google drive (excel) but this is way more organized
Great Video! thanks alot always look forward to your video's I have taken and learnt from you as a start out trader and to see how organised and determined you are. Thanks
THANKS SO MUCH MICHEAL LOOKING FORWARD TO SEE MORE OF THIS KIND OF VIDEOS, MANY PAIRS HARD TO ANALYS CAN YOU PLEASE DO VIDEO ON THAT
very informative and well explained mate
Great work Michael. Thanks for sharing.
I’m Brazilian guy and my dream is have a good knowledge in English to perfect understand what you talk 😕. Here, in Brazil, almost all the teachers and influencers which speak about financial market, sell illusions and things to take your money and hangout without explaining... this is so bad. I feel confidence in little bit than I understand of you. Congratulations and success!!
I Advise you speak with Sir Adams .
He is available on WhatsAp
14242166545
hey Michael Bamber where can I find the spreadsheet? Awesome video, absolutely loved it huge value!
Did you find the spreadsheet at all?
@@benshinnick1650 no did you ?
@shayan navabi I couldn’t find it either
No spreadsheets. He only wanted to sell some gadgets
Thankful for this video and your content!
Questions:
1. So that means you generally trade on the 1h chart?
2. How can you lock in profits like you said you did. The price was way down, but you took profit at like the mid of the way down? (I hope you understand what I mean)
3. That means you are not closing all your positions everyday. You hold a position for way longer.
I would advise you Invest in the most secured forex trading platform with Sir Adams. He comes highly recommended and those that have reached out have great testimonies even myself.
Sir Adams would help you with all you need to know
14242166545
hi Michael. Can you show us how to set up the type of candlesticks you were using here.I would really appreciate
Nice video 🤙 right after my tutoring session 👍👍📈📈
Trading doesn't just reveal your character, it also builds it if you stay in the game long enough. Money is just something you need in case you do not die tomorrow. ...
Confidence is not "I will profit on this trade." Confidence is "I will be fine if I don't profit from this trade.”
My friend, you are like a god, THANK YOU SO MUCH !!!! I will go to do this strategy and share you the results. Saludos from Argentina!
Thank you for all your effort mr.bamber really appreciate it.
40 mins full of knowledge 💪👌
Hello Michael! Is the Backtesting Spreadsheet available anymore? Because i cannot find it anywhere :)
I will be interested as well
@@georgemega8021 yo igual!
Thank you very much Michael
Congrats Bro, great job. Personally was of many utility. Regards Bro.
thank you for this man..keep up the good work. Iam really learning a lot from you
Hello mates please do not be deceived by this fake people out there.I got scam twice before now,as a beginner it’s not really easy to know the right broker,until I met this man in the store 🏬 when he was talking to a student I head him talking about forex which got my attention to him,I told him my story and he asked me if I’m still interested again which I told him yes. and he started helping me,now at least I am not the best but I am really making a huge profit as I invest,if you are interested please contact him now. he is very honest and trustworthy,contact him now at (Andrewwilliamq1@gmail.com)Stay safe all of you
Thank you so much for this video!!!
Thank you so much, Michael. This was so helpful!
Michael Bamber yes I do bud. Been trading for 8 years now
Very helpful & nicely presented ! Thank you 😊
I've been using the excel sheet you gave in the description and its amazing bro. I made a few adjustments to it like added notes on why i took certain trades. But overall it has helped me so much. May you hit more tp's than before bro💯
Michael awesome work as always, i recently became a part of the falcon family, going through the foundation series, what an amazing way of analysing the markets. Where can i talk with other falcon members if i dont understand something?
Speak with an expert trader directly. Sir Adams would help you out with all you need to know.
+ 1 4 2 4 2 1 6 6 5 4 5
He is available on WhatsAp p
where can we access the spreadsheet mentioned in the video. Great content by the way, you have been really helpful bro.
did you get it?
@@zimizimi2387 nah
@@sihleluphondwana9542 I guess we gotta make one ourselves
So much value to take out from this video. Thank you!
This vid is fat Michael, been trynna get back testing effectively lately and this will defo help. Thx :)
Real recognize real, Mr Bamber you are a real one.
Where can I find the spreadsheet that you used in this video🙏🏿?
Great video
Great video, I dont see link for the backtesting spreadsheet. Thank you very much
Definitely took some inspiration for my backtesting routine. Also I see btc/usd, oil, gold in your spreadsheet. Have you tried to apply your price action strategy on other markets like crypto/comodities etc or just forex? Thanks for your work, Michael. It resonates with me a lot.
Loving this video! Thanks Michael
Thank You Danni, glad you liked it!
This is really educating
Great video Bambi! How does that ROI work in the excel spreadsheet?
I Advise you speak with Sir Adams .
14242166545
Spreadsheet Link.?
The spreadsheet isn’t in the description box?
Interesting stuff. I'm now finally consistently making small profits thanks to all of the things I've learned so far, which have come (it has to be said) primarily from Falcon traders like yourself. I don't need help with the psychological side of trading, but I think there's probably a lot I could learn from a technical perspective. Like the "scoop" that you refer to for example, which is new to me and which I'll be looking out for from here on in. I also don't always marry my trend lines up with the two most recent highs or lows, which I think I'll also be doing from here on in to keep my trading consistent.
One of my goals is to become a Falcon trader, but every time I generate some regular revenue from one source to make this goal a reality I'm currently finding that I'm losing some revenue from elsewhere, which is a bit frustrating. But I guess it is what it is and as soon as this stops happening and I have the extra revenue I need I'll definitely be joining the group.
Thanks for sharing this!
thank u brother really you did good job iam appreciate your back test
Videos very professional man keep it up
absolute king. thank you!
Dear michael, it was a really great video. Thank you very much for your efforts.
I strongly believe in the existence of technical analysis. Basic analysis is just one reason why technical analysis takes place. I've seen this a lot in the fx market I've been dealing with for 4 years. You proved again .. You're good, buddy ..
Hi Michael. Thanks for making these videos. Have you backtested whether moving your stop to breakeven after a 1% move in your favour costs you money in the long run? I am a full time trader and with my method backtesting has proved that breakeven stops reduce my long term profits. I think this would likely be the case for all traders. I understand that moving to breakeven can help psychologically in that it will smooth out some of the variance. But maybe now you are having some consistent success you can deal with the ups and downs better and would find just leaving your stop in place would generate a better return over the longer term?
Does anyone know where I can get the spreadsheet from? Can’t find it in the description?
Love the video Michael. Where is the link for the spreadsheet?
thanks
Great video man as always. Could you go into a little bit of detail with regards to the significance of sample size in your backtesting. Different strategies have different trade frequencies, now disregarding the general norm of 100 trades, what has been your personal experience regarding sample size that has given you confidence in trading your egde? Some systems especially on higher tfs(e.g daily tf) can barely produce 50 trades over a 5 year period. And which statistical metrics to you look for in your backtest. Also how do you optimize your trading portfolio, because sometimes, strategies do not work as well on all currency pairs, do you eliminate certain currency pairs based on their performances?
Thanks Why didn't you Make a website, where to give training for the new traders Who are planing to start this online market.
Trader are playing a huge roll in growing the world's economy
Great video mate!
Hi Michael , i watch a few from your videos ,you make a good lessons, where are you based in UK ? Cheers.
Great content !
thanks bro am david from kenya you are assisting alot.
where can i find the spreadsheet?
Did he not say google drive in the beginning?
@@SSEnrich Where is the link to the google drive?
Thank you so much for this mate
Thanks for watching and commenting don’t forget to hit the subscribe button for more head way into crypto and stocks consultation text my broker @norristrades via TEIEGRM .
hi how can I get the spreadsheet?
very interesting and informative, thanks u
release backtesting every week 🙏🙏
Is their a link for the google spreadsheet?