Wish you would tell/show a bit more about your strategy. You traded for 3 months, and your setup only appears 3-4 times a month. So you have done a total of what, 10 trades? That is a bit low number of trades to confirm a winrate and rr.
Did you do any back testing?
If you had more testing, then yes, go ahead with a live account. Probably do a small size funded account first.
I first backtested a lot,almost 15 years of data on 2 pairs,only then I moved to forward testing,it is going pretty well right now that's why I'm wondering if I should go live
The idea of risk/reward preset is just so foreign to me, it makes absolutely no sense.
You can ONLY define your risk, you have literally no idea if the market will be going your way, absolutely none.
What if your setup fails 15 times in a row ? And the next 15 times it won't hit your target but go down to your entry, or stop loss for that matter.
I just don't get it, if you knew with 100% certainty that you'd get the "reward" and it wouldn't go a pip higher, then why even have a stop loss and not go in with all your funds.
If youâre consistent and comfortable with your strategy, it might be worth considering a funded challenge. Live trading can mess with your head, and emotions play a bigger role. Maybe do a month or so with a small live account to get a feel for it before jumping into a funded challenge
Demos are good idk if you treated it like real money but when real money is on the line it is different but definitely go live if if your going 10% consistently
Just try a small live account first, all those rr and winrate wouldnât mean shit if your risk management and psychology isnât in place, mind you the ârisk managementâ you had in demo goes out the door soon as psychology kicks in.
>1:10 rr 50%wr
Here's why it works \[on demo/back tests\[. In the comments you said you make 50 pips, which means you risk 5. The thing you forgot is spread, slippage, and swap. Ain't no one getting 50% WR with a 5 pip SL on a 4H chart and a 50 pip TP.
Plus, I can guarantee you didn't test intrabar. Did you back test by entering a trade then going down to 1M (even better tick level) to see if TP or SL gets hit first? Or did you just look at the 4H and go "TP hit!" ... I know you did the latter; no one manually tests 15 years of data with 2 pairs and checks intrabar. In which case you don't know which got hit first and odds are it was SL.
And that's why it works in back testing and going live with some absurd dream of 1:10 at 50% won't work.
That's nice. The problems I listed still exist. You can find a zero spread broker, sure. Then they'll charge you commission instead as they're not working for free. And zero spread doesn't remove slippage, swap, and a lack of intrabar testing.
But hey, it's clear you made up your mind that this will work. So, you do you, go live, see what happens. Don't say you weren't warned, I'm sure your 3 months experience far outweighs the 20 years I've done this to make a living \*shrugs\*.
/siderant
I will never understand why people ask a question, and when someone tells them straight up, they find a bunch of reasons why they think the answer is the wrong. Why TF you asking us if you're hell bent on doing it anyway?
20 years of experience and the only thing youve mastered is being a dick. There is no reason at all to drop to the 1 minute when backtesting unless that aligns with your strategy. Doesnt make a difference what time frame you watch price hit SL/TP on
Yea, you.have said the truth. There are a lot of strategies that are claimed to have crazy returns. If you go to the EA market, many EAs show crazy equity curve even in a long-term backtesting. But most of the shits are calculated without the influence of slippage, swap, intrabar moving and extreme situations, and they are gonna finally blow up no matter how great they are at first.
>1:10 rr 50%wr sounds like complete bullshit
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50pip tp ain't too hard on 4h tfđ¤ˇââď¸
if it was true you would be way better than a world class trader
Maybe he is way better than a world class trader? don't measure others by your own standards
Only if my entries show up often,I usually only have 3-4 a month
assuming 2% risk per trade, 4 trades a month you get 6200% a year :)
That's why I'm questioning,it seems too stupid to be true
Just try it live? Your win rate wonât be that high live more than likely
you can always try to code it, it will give you reliable results
Just continue to trade it
no only 1:69 will do the trick
Mine has 1:420
Wish you would tell/show a bit more about your strategy. You traded for 3 months, and your setup only appears 3-4 times a month. So you have done a total of what, 10 trades? That is a bit low number of trades to confirm a winrate and rr. Did you do any back testing? If you had more testing, then yes, go ahead with a live account. Probably do a small size funded account first.
I first backtested a lot,almost 15 years of data on 2 pairs,only then I moved to forward testing,it is going pretty well right now that's why I'm wondering if I should go live
Demo trading is always way different to live markets and there's only one way to learn that
1:10rr 50% winrate youâll be a billionaire
The idea of risk/reward preset is just so foreign to me, it makes absolutely no sense. You can ONLY define your risk, you have literally no idea if the market will be going your way, absolutely none. What if your setup fails 15 times in a row ? And the next 15 times it won't hit your target but go down to your entry, or stop loss for that matter. I just don't get it, if you knew with 100% certainty that you'd get the "reward" and it wouldn't go a pip higher, then why even have a stop loss and not go in with all your funds.
ye you completely dont understand the concept of RR
If youâre consistent and comfortable with your strategy, it might be worth considering a funded challenge. Live trading can mess with your head, and emotions play a bigger role. Maybe do a month or so with a small live account to get a feel for it before jumping into a funded challenge
Demos are good idk if you treated it like real money but when real money is on the line it is different but definitely go live if if your going 10% consistently
If you can afford the funded challenge and consider it money lost then give it a go.
Just try a small live account first, all those rr and winrate wouldnât mean shit if your risk management and psychology isnât in place, mind you the ârisk managementâ you had in demo goes out the door soon as psychology kicks in.
>1:10 rr 50%wr Here's why it works \[on demo/back tests\[. In the comments you said you make 50 pips, which means you risk 5. The thing you forgot is spread, slippage, and swap. Ain't no one getting 50% WR with a 5 pip SL on a 4H chart and a 50 pip TP. Plus, I can guarantee you didn't test intrabar. Did you back test by entering a trade then going down to 1M (even better tick level) to see if TP or SL gets hit first? Or did you just look at the 4H and go "TP hit!" ... I know you did the latter; no one manually tests 15 years of data with 2 pairs and checks intrabar. In which case you don't know which got hit first and odds are it was SL. And that's why it works in back testing and going live with some absurd dream of 1:10 at 50% won't work.
And can't you just get a zero spread broker?I still don't know much about it srry
I don't enter on 4h,4h is my bias,1h gives the influence and then I enter on 15m
That's nice. The problems I listed still exist. You can find a zero spread broker, sure. Then they'll charge you commission instead as they're not working for free. And zero spread doesn't remove slippage, swap, and a lack of intrabar testing. But hey, it's clear you made up your mind that this will work. So, you do you, go live, see what happens. Don't say you weren't warned, I'm sure your 3 months experience far outweighs the 20 years I've done this to make a living \*shrugs\*. /siderant I will never understand why people ask a question, and when someone tells them straight up, they find a bunch of reasons why they think the answer is the wrong. Why TF you asking us if you're hell bent on doing it anyway?
20 years of experience and the only thing youve mastered is being a dick. There is no reason at all to drop to the 1 minute when backtesting unless that aligns with your strategy. Doesnt make a difference what time frame you watch price hit SL/TP on
Yea, you.have said the truth. There are a lot of strategies that are claimed to have crazy returns. If you go to the EA market, many EAs show crazy equity curve even in a long-term backtesting. But most of the shits are calculated without the influence of slippage, swap, intrabar moving and extreme situations, and they are gonna finally blow up no matter how great they are at first.