Forex trading strategies are performing. However, if you are a programmer or engineering type to begin with, then you may be better suited to automated trading. Both Forex Tester 2 and 3 software have pre-set hotkeys for every function that speeds up the Forex training time. Curve fitting can give you false confidence that a trading system is much better than it really. Then setup a risk calculator to help you compute lot size when opening a trade. Congrats, you are officially hardcore.
This Forex simulation software is one of the best ways to backtest Forex trading strategies, both offline and online. Get Forex Tester 3, the best trading simulator for backtesting, a training platform and a prediction.
This will ensure that you are not risking too much on each trade. You should get similar results every time you backtest a Forex strategy for a defined data set. Statistics reveal your performance; you can take notes on each transaction (keep a trading journal) and export your journal to analyse it in Excel or in other programs. The system might be awesome over a long period of time, but if you cannot stomach a 30 loss, then you are going to turn it off before it has a chance to make that money back. So does a second pair of eyes. To learn more about the MQL programming language, start here. Manual If manual trading and testing is your thing, then I would recommend starting with TradingView. Can be leveraged on a copy trading service, to make more money.
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