BLOOM FX
08/08/2021
This was taken today based on definitive rules. Rules for entry, stoploss and take profit. When you know exactly why and how you took a trade that was profitable, you can make it happen again
31/07/2021
Backtesting a strategy is an integral part to developing a trading strategy. It is ok to know the success rate of a particular strategy by backtesting it with historical data of more than 3 years, taking note of the strength and weakness of the strategy. Developing a trading strategy involves a process, when you start cutting corners, that is when you start finding inconsistency in your trading.
PS: Follow process
Some free mentoring tip on how to develop a strategy.
1. Get clear rules on your entry, stoploss and take profit
2. Test them using a demo account
3. Put down their success probabilities
A 40% success strategy will still be able to grow an account with the power of risk/reward.
Ask me how????
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