Post
Topic
Board Beginners & Help
Re: What is back testing in trading and how we do it ?
by
Mpamaegbu
on 21/04/2023, 06:36:06 UTC
~snipped~
It baffled me when those that need correction like you would be correcting others that need to lecture them. If you must know, I major in trading and I've taught and mentored many over the years. I even have my books about trading, so I don't blab and am not like those that are just trading.
Wow! How you quickly went on the offence is what beats me here. My dear, we aren't in competition. Do whatever that pleases you. I only stated that you omitted a crucial part of trading in what you listed. I don't know why that should spike your adrenaline level.

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To make it worse, you supported the most confusing "leading indicators" that only dance quickly to the change in price, how naive are you? Also, as a matter of correction, Trendline and Pivot points are not indicators, they are support and resistance levels that translate into strategies. They can only be indicators if you code them to be one, so you need to learn more about trading.
Oh really? They aren't indicators? You miss the point of what indicators are then. If you haven't heard the term "leading indicators" before now, you should've checked it out before laying yourself bare in public. Again, you said those set of indicators dance to the change in price? That's ludicrous to say the least. If you actually understood what they're you would know how false your statement is. Lastly, every trading plan and strategy can be coded.

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This, I've done many times, so it's practical to me and strange that anyone could state otherwise.
Well, to each what works for them.