strategy reviews

[Ara]

Can you provide tips or best practices for traders who are new to the concept of regular strategy reviews for adaptability?

 

[CallahanSinclair]

I think it is essential to consistently evaluate and adjust your strategies based on changing market conditions, ensuring they remain effective. Always use a combination of quantitative metrics and qualitative insights, focusing on both performance outcomes and the decision-making process.

 

[CallahanSinclair]

Agreed, but how I can learn all of this? )

There are many things that you must do about that. You can by focusing on both quantitative metrics and qualitative insights, and paying attention to both outcomes and the decision-making process, you'll be well-equipped to navigate changing market conditions and ensure that your strategies remain effective.

 

[Amadeus.V]

Can you provide tips or best practices for traders who are new to the concept of regular strategy reviews for adaptability?

I believe as a new trader you should not be looking to start trading real money, you should first try demo trading and then start trading, also you can take referral programs when you are demo trading, this helps you to have safe and sure income.

 

[Xander]

I would say before you try any strategy even if reviews are great try it on demo for a couple of months.

 

[NatureGirl]

keepin a tradin journal is the best advice i can give U. it lets U go over everythin

 

[diyforexskills]

Can you provide tips or best practices for traders who are new to the concept of regular strategy reviews for adaptability?

Check all the times your strategy was stopped out with a loss against the results of the economic news announcements on Forex Factory. You'll be surprised at how often that loss occurred because of traders reaction to news announcements . That's why technical strategies will always fail sooner or later.

 

[hayseed]

Can you provide tips or best practices for traders who are new to the concept of regular strategy reviews for adaptability?

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not really sure just what the concept of regular strategy reviews for adaptability means......

as far as best tips and practices for strategies...... what seems to work for me is to put the strategy rules in mtf indicators observing the 30, 60, 240 and 1440......

first, visually assure yourself the rules are valid.....

second, resist the urge to take any trade in which the rules are not 100% consistent on all 4 time frames..... in other words, all lime or all red.....

third, monitor the entire market in dashboard fashion searching only the absolute best trades following your rules...... 100% lime or 100% red.....

you deserve the best...... don't settle for less.....h
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[Ara]

I believe as a new trader you should not be looking to start trading real money, you should first try demo trading and then start trading, also you can take referral programs when you are demo trading, this helps you to have safe and sure income.

Thanks for the tip! Starting with demo trading and using referral programs is a great strategy for beginners. Really appreciate your input!

Post automatically merged: Feb 25, 2024

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not really sure just what the concept of regular strategy reviews for adaptability means......

as far as best tips and practices for strategies...... what seems to work for me is to put the strategy rules in mtf indicators observing the 30, 60, 240 and 1440......

first, visually assure yourself the rules are valid.....

second, resist the urge to take any trade in which the rules are not 100% consistent on all 4 time frames..... in other words, all lime or all red.....

third, monitor the entire market in dashboard fashion searching only the absolute best trades following your rules...... 100% lime or 100% red.....

you deserve the best...... don't settle for less.....h
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Thanks for sharing your strategy and insights! The idea of using MTF indicators to ensure rule consistency across time frames and focusing only on trades that fully match the criteria is a great takeaway.

 

[Ara]

Check all the times your strategy was stopped out with a loss against the results of the economic news announcements on Forex Factory. You'll be surprised at how often that loss occurred because of traders reaction to news announcements . That's why technical strategies will always fail sooner or later.

Interesting point about the impact of economic news on trading strategies. It's a valuable reminder to consider external factors and not rely solely on technical analysis. Thanks for suggesting Forex Factory for news tracking.