Dex Atomic X Strategy Tester 1.3 par DexFXMarkets ...

Can the simplest forex indicators make you a millionaire?

This was a question on Quora I have recently answered for and thought some of you here might find it useful.
So I insert it here:
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Do you want to be a millionaire trading Forex with indicators? Well, of course, you do...why would you post this question to Quora otherwise?
The REAL question is – how do you do it?
There are countless different technical indicators out there, so where do you start? Where do you focus your valuable time and money?
Let's understand first what Forex indicators are. In essence, they are tools that turn the already available price data into something else. You've read it right. They don't provide any new information you couldn't get simply by looking at the chart.
But there are still people who get amazing results with indicators. Have they invented a secret tool that actually moves the needle?
I'm not Tyrion Lannister to tell this to you, but it's probably not the case. As far as I know, there tends to be one reason why somebody is crushing it with technical indicators while others don't.
And it has nothing to do with the indicator or indicators being used.
So what I am talking about?
It's the personality of the trader that matters. Just think about it:
Indicator-based trading is more objective than price action trading. You can argue about whether a chart pattern is present, but there's no argument about an indicator's direction.
I really don't want to get into the age-old debate of which one is better because the answer varies from person to person. The point is that you have to find out which works for you.
It's not a complicated process, although requires a lot of time. Can you guess what it is? I know you can, it's called testing.
If I told you to start boxing because it works for Mike Tyson, chances are you would laugh at me. Then, in the same way, don't put money into random indicator just because somebody allegedly makes millions using it.
That somebody might has a large trading capital, a perseverant attitude, years of experience and a system you will never able to follow because it goes against everything you are comfortable with.
You have to test different indicators as well as price action techniques. By doing so, you will know which approach best suits you. Also, you will naturally figure out which of the specific indicators, chart patterns, candlestick patterns, etc., performed the best.
You can use free tools like MetaTrader's strategy tester feature or TradingView's market replay. Also, you can invest in backtesting software such as ForexTester.
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Have a nice day!
submitted by marcellpetras to Forex [link] [comments]

How do I backtest, i.e. TradingView, ForexTester, or ??? and how do I get data?

As a newbie, I have been reading books and learning as much as possible before entering the market. I've got an Oanda demo account, but when I'm ready to test my strategy I don't want to test it in real-time, or at least as much as the demo allows, because that is too slow.
As a complete newbie, here is the way I imagine backtesting should work. I'm curious to see how this compares to reality:
  1. Load up charting software (which, I don't know).
  2. File→Load market data from the past, i.e. 2012-present.
  3. Go to the start of the chart, set the chart/bar time.
  4. Hit the left cursor button, or whatever button, each time I want the chart to proceed forward one bar.
  5. Take my time between each bar analyzing whether I should get in, out etc.
The above system would let me test my system without waiting the full 4 or n hours before bars like a demo account would require. Plus, I'm a programmer so I'd like to try and eventually write an indicator and test out other indicators.
In my title I put TradingView and ForexTester because those are the only two I've come across so far that might do this. Do I have to pay for back data, or do people just record it themselves and offer it for free online?
While I don't want people to do my work for me, it just seems like this question might be one that a lot of other people are wondering about and I haven't seen one like it so far on this subreddit.
Thanks!
submitted by lightley to Forex [link] [comments]

How to transform a TradingView indicator to a strategy for ... FREE TradingView bot strategy and study. Bot – Forex ... HOW TO BACKTEST STRATEGIES IN TRADINGVIEW - YouTube How To Back Test Using Tradingview - learn any strategy ... How to BACKTEST a Forex Trading Strategy - YouTube How to back-test your strategy on Trading View. - YouTube How To Back-Test Your Strategy on Trading View (UPDATED ...

Tradingview also has a built-in strategy tester and editor. You can create and customize your own indicators, strategies, and Ea’s and then test them to see how they perform… all for free within Tradingview! Pretty amazing, right? While Tradingview provides great features for charting and analysis, it also contains many social features. Publish your analysis, chat with fellow traders ... We know how important it is to have the best backtesting tools. That’s why we continue to update the Strategy Tester and listen to your feedback. Today, we’ve made a few updates to the Strategy Tester Report so that it’s easier to understand. To see the updates to the Strategy Tester Report, first find the tab that says List of Trades. This video idea explains how to use the strategy tester on TradingView to evaluate the performance of your strategy. We go over all of the data presented for you regarding your strategy, and if we make mistakes along the way you can always check out the TradingView help section that is specifically for the Strategy Tester. I highlight the overview of your strategy, dive into the details of the ... Using the TradingView’s Strategy Tester, you can test a variety of strategies – either existing ones or strategies you’ve created yourself. These strategies can also be back-tested. Entries and exits can be displayed on a chart. There is also a list of the most important metrics, such as pre-tax profit, Sharpe ratio, profit factor, and so on. The Strategy Tester in TradingView. What ... Best Binary Tradingview Strategy Tester No Data Options Broker To Start With. My number one recommendation is IQ Option, the best broker site there is.When you invest with IQ Option you can be sure that you can Tradingview Strategy Tester No Data start easily and effortlessly. They have comprehensive learning materials, friendly customer service and brilliant bonuses. On Tradingview I never saw a custom adjustable strategy script yet, so this is it, you can change different things and see if you'll get a good strategy or not Settings: First choose the source, you can choose out of: close, open, high, low, ohlc4, hlc3, hl2 Then choose you strategy: Long & Short, Long only or Short only Next, choose your entry "Buy/Long" (which is the "close Short position ... There’s an entire Pine Script tutorial in TradingView’s wiki here. Strategy Tester. In order to test a strategy that you have defined in “Indicators & Strategies” or programmed in “Pine Editor”, you should apply it to the chart. Trading Panel . Depending on where you live, you might be able to connect your broker to your TradingView account. The available brokers are the following Strategy Indicator explained: -This strategy indicator is an extension of the Dex Atomic X indicator -it has an input area to adjust the default settings that will be explained below -Key points to take into consideration -this strategy indicator is only used on a 5 min chart -this indicator is only tested and works on the pairs listed below -While we use a forex spot data this indicator is ... Pine Script is a programming language created by TradingView. From $0 to $1,000,000. Authentic Stories about Trading, Coding and Life → Learn Algo Trading 🤯 Share . Jignesh Davda Follow. Pine Script (TradingView) – A Step-by-step Guide. 20 min read. Get 10-day Free Algo Trading Course. Last Updated on November 3, 2020. Table of Contents. What is Pine script? Why should I use Pine script ...

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How to transform a TradingView indicator to a strategy for ...

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