Back testing on Metatrader 4 or any other software that already shows you the next candles is mostly useless, forward testing is the way to go. You can use Forex Tester 2 software to do it, it’s the best testing software out there in my opinion. Once you have tested these rules or any other rules for MONTHS (not months of data, but months of work on your side), ONLY THEN you will gain confidence trading these rules or any other strategy you decide to trade.
It’s just impossible to organize each lesson and topic in a single vertical thread like FF does, just impossible. I can’t create a FAQ because there are so so many things to cover that it would be a daunting task I have no time for. This is why you have to take your time and forward test these rules or any other strategy’s rules you want to trade with, with a software like Forex Tester 2 for 3-4 months, a couple of hours a day using Forex Tester 2 will give you all you need to know, but most traders don’t want to forward test, they consider it a waste of time. They do not realize that it’s the most powerful tool they have at hand to feel confident about any trading rules and eventually becoming full time profitable traders. Traders feel the urge to trade without the confidence of months of forward testing, what is the result 99.99% of the time? Blown up accounts!
You have to do your homework, nobody can do it for you except yourself. Take your time and forward test, you will see many things that you can’t see now. If you are not willing to spend some months forward testing the ideas on this thread or any other strategy, then you should not be thinking of becoming a trader, you will mostly likely have the same doubts and gaps always.
What will happen after let’s say a week of forward testing the rules?
There are only 2 possible outcomes:
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