abham:
I’ll like to know your suggestions on backtesting softwares and the parameters to consider.

The parameters to consider depends on your strategy, the rules of your strategy should be your parameters

As for the software, if it is back testing u can use your normal demo account to do it, but if it is forward testing then use a trading simulator (to make it faster)

Feshizzy:


Please kind sir can you grace us with your trading journal for the past 3 months?

I do not impress people, so it left for u to believe weather I am profitable or not

rhynoemmie:


No vex oo big man
How do you tell when you've been lucky and when you've been having profits for following your own trading plan?

I'd like to know if there's a difference so this won't happen to me.

Foolish people attack other people opinion, while smart people ask question about others people opinion in order to know more, so with this your question I think u are smart



In my years of trading I discovered that there are 3 types of profitable strategy cut off mark, when a strategy meet this cut off mark then it is considered a good strategy


For example, let assume u applied for medicine and surgery at the university of lagos (UNILAG)

And the university said that in order for any student to be admitted into medicine department he or she most have a minimum jamb score of 320, this is to say that the cut off mark for medicine in unilag is 320




Now, let assume u score 290 in jamb, u will not be admitted into medicine by unilag, why?...because u did not meet the cut of mark (320)



Since I love inventing things, what I did was that I invent a "strategy cut off mark" that all strategy most meet in order for it to be considered as a profitable strategy




Below is the 3 strategy cut off mark I invent



1. 80% win rate + 1:1 RR
2. 50% win rate + 1:2 RR
3. 30% win rate + 1:3 RR




Note: the 3 strategy cut off mark above is just the minimum amount needed for a strategy to be considered profitable, for example if u have 90% win rate + 1:2 RR u are profitable while because this strategy is above the 1st strategy cut off mark, so when I say 80% win rate + 1:1 RR, it does not mean it will always be 80% win rate + 1:1 RR, it can be above it too, what matters is that your strategy meet the cut of mark


For your strategy to be considered as a good strategy it most meet one of the above cut off mark or else it is a useless strategy


So, how do u know if your strategy meet the above cut off mark?....very simple all you have to do is to use a trading simulator to backtest or forward test the strategy with atleast 1,000 signals, 1,000 signals is the minimum trades set up u have to take or back test before u can conclude if your strategy is good or not, after using the 1,000 trades signal then compare your results with the strategy cut off mark above to see if your strategy passed the cut off mark or not, if it does not passed it then you will have to re-write jamb again (look for another strategy to test)




Back to your question, in order for you to know if u are just being lucky or not is to check if your strategy have being tested with all the types of market




There are 3 types of market

1. Trending market
2. Ranking market
3. Choppy market




Every strategy has a particular market that it works best in, for example let assume u have a strategy that works best in a trending market, and the market has being in an uptrend for the past 3 months, if 80% of your trades is a BUY, u will win 80% of your trades, why?...because the market is in an uptrend for the past 3 months and most of your trades are BUY, so the market will favour you because u are following the direction of the trend so you will be having a lot of winning streak, but guess what? When the market change to a ranging market or choppy market u will started losing money, while? Because your strategy is only good In a trending market, but now the market is no longer trending it has changed, it is now ranging or choppy so you will surely lose money




So the way to know if u are being lucky or not is to make sure u test your strategy in all type of market condition (trending, ranging & choppy)



If after testing it in all the 3 types of market and the strategy passed the strategy cut of mark above then congratulations, you have got a solid strategy





One of the way to know a good or bad strategy is to backtest or forward test it, but since I hate stress and love inventing things, I decided to invent 2 ways to know if a strategy is good or not without even backtesting or forward testing it, but I do not want to go into that, I have reveal enough secret already, so that is it

karkinase:
Oluwa I don tire for this audio money ..I need the real mullah.

over the years in this business I discovered that there are 12 stages all traders pass through and one of the stages is called "fake reality stage" , what is this stage all about?....well, it is a stage were a trader usually have alot of winning streak for some few months, so he or she think they have finally cracked the forex code, but unknow to him or her they were just being lucky, they only realize they have being lucky all this while when they get to their live account and the market humbles them again and again



So, Oga calm down enh, do not be in a hurry to go live account yet, just chill 1st

karkinase:

I disagree with you, having a solid strategy without the emotional backup to execute your strategy will keep you failing over and over. Imo, risk management and emotions(psychology) are two limiting factors every trader needs to overcome.

With this your mindset I can tell that u are still inside the box, I do not argue with people that are still inside the prison (box) of the forex gods

Feshizzy:


If solid strategy can get the job done,
They would have built a robot for it,
But you wouldn't know that because na motivational speaker you don turn to

Hahaha, my boy how are you? I know u have missed me a lot, but your uncle (me) is back, so be happy

Englishisamust:


Okay bro

Just like the way the spiritual control the physical, so also solid strategy (spiritual) controls most of your emotions (physical)



If u place 20 trades and 18 were lose and only 2 were win, when u want to place another trader again you go dey fear (emotions) why are u afraid?....it is because of past experience (the experience of losing 18 trades out of 20 trades before) so this will affect your psychology and you will start doubting yourself


Most of the things I say are from experience and practical not theory, when I was still using a poor strategy my psychology back then was between 0 - 5% but when I later developed 2 solid strategy my psychology increase to 90%+


Most people think trading psychology is limited to only emotions, but from my studies over the Yeats I discovered that trading psychology is divided into 4 parts which are


1. Emotional quotient (e.g fear, greed, hope, ego e.t.c)

2. Intelligent quotient

3. Mindset

4. Attitude/Behavioral part



I do not want to go deep into this, because each of the parts about is very broad

Englishisamust:


You no lie bro. Especially when you just lose a trade. My money management skill is getting better but you see that emotional part na hin hard pass

The emotional part is not the hardest, having a solid strategy is the hardest

Feshizzy:
Make una no dey listen to that Tony guy oo,
Na failed trader wein don turn life coach,

He has been in fx less than 3 years,
And traded less than 2 months,

Don't be like Tony

Hahaha, I will always be a mystery to you, what u did not know is bigger than you #smile

Fleckingemy:

Sometimes I feel like give up have lost more than 500$ some to all this fake signal provider l, some to all these fake online teachers does it really worth it

In this business only 1 out of 1,000 people make it, so to be that 1 person you have to be exceptionally great, not just good but great




After studying the forex market for some years now, I discovered that there are 2 type of traders, which are




1. Those that are still in the box (99.9% of traders are here)


2. Those that are outside the box (only 0.01% of traders are here)




If u are still in the box, the probability that u will succeed in this business is just 0.01% but if u are outside the box the probability that u will succeed in this business is 99.9%



Once I study how a trader trades I can easily know if he or she is inside or outside the box, I have observe how most of the people here trade and I know those that are still inside the box and those that are outside the box




Note: you can still be inside the box and end up being profitable but it is very rare, so the easiest way to be profitable is to get out of the box



Anyway, I do not want to bored u with long article, but all I want to say is that this business is worth an average of 6.6 trillion dollar per day, so do not expect something that is worth awhole 6.6 trillion dollar to be easy, if it was easy it would have stop existing, why?....because many people will go into it and the market maker and banks will go broke and out of business, so keep pushing

Feshizzy:


Abeg give up oo,
You sef don try

ORIAYO70:


Can only help u to get Job to mother ur child.

Do not give her a job, make she suffer there, they friendzone the good guys and open legs for the bad guys, let her carry her load

Southernigbo:
a beg help my sister by marrying her.she is just too naive to have fallen prey to bad boy

Both you and your sister are mad, when the good guys comes ona go friendzone am and open leg for the bad boy, and u still want the good guys to come and carry problem they do not caused, na God go punish both you

omakay:
Hello,

If you have knowledge of the above programming language, then you should step in here...

Pls can u help me to code my strategies & ideas into an Expert Advisor & a Scripts? I do not have money to pay

DAPMAN601:
Hello, I have some experience with Mq4 and currently building some Forex/Binary options 'Expert Advisors' or Robots..let's have a chat on Whatsap 08132409600

Pls can u help me to code my strategies & ideas into an Expert Advisor & a Scripts? I do not have money to pay

iLegendd:
She said she wants to come and you said, "Okay, come over."

She came and you gave her one of your ATMs to go to the market to buy things to cook two pots of soup. She withdrew 11k and bought what she needed — including a crate of egg and catfish.

She came back and gave you the 500 Naira change left. (Things are freaking expensive here. This place and a certain place in Bayelsa are the two most expensive places to buy foodstuff in Nigeria).

She did all the cooking and you guys ate together, watched BBC to see what's happening in Ukraine, etc.

The next day, in the evening, she dressed and and said she wants to go, then remembered she hadn't washed the plate she used in the afternoon.

She entered the kitchen and immediately, you heard a loud noise from the kitchen.

See the outcome below. Four plates gone in four seconds. This is not the first, second, or third time. What will you do? After you've answered, I will tell you what I did.

It will be hard to tell her bluntly that she will pay, except u said it with humor and she knows u are joking, It seems she didn't have broken plate at home, she is used to washing her rubber plates at home so when she was washing your plate she unconsciously thought it was her rubber plate she usually wash at home so she was not be careful, why?...because she is used to washing rubber plate at home, also 4 plate at once? She is not a wife material, I will not give her transport fair when she is going home that will be her punishment

iLegendd:
I want Russia punished. The fight has its good side and its bad side. I focus on the good side. Though, I may not want to reveal all the good side. It's not just about the crypto crash and buying low. It's deeper than that. Let me keep it to myself for now.

OK sir

iLegendd:
That's Nigeria for you. At times, I don't really blame them. It's not easy to mask depression, bitterness, or frustration caused by the feeling of "God, why me? Why is everyone progressing except me?"

The worst part is that they always claim to be humble just because they are still broke



Boss, what is your opinion about the Ukraine and Russia war?

iLegendd:
Some men don't fall in love no matter how smart and beautiful you are. They are great in bed and all that. All thanks to the book Lasticle.

So, if a woman sends you the below message because you turned off your phone for some days and she has been trying to reach you, what will you reply?

The master himself, pls take it easy with all this girls

Anonymous03:
I'm a 21 year old virgin , a final year student in Babcock University and I created this new account to ensure anonymity.
People say I'm good looking but I don't see such when I look into the mirror.
Girls love to associate with me ( Note; I don't spend) but none is ready to get down with me. Girls flirt with me a lot but they would never have sex with me.
Some of the girls willingly sleep with guys that are less cute and not rich,yet they deny me sex but still cling on me even when I try to caught them off.

Most of these girls are act naughty with boys but they suddenly become saint and holy when it gets to my turn.

I almost begged for sex at one point and I don't want to patronize sex workers.
Where am I getting it wrong? How can I sexually attract girls? Do I need to dress like a pop star?

I solicit for your advice.

Start doing the opposite of what u have been doing

saintfaculty:
Evening guyz..
Aside binary dot com, do we have any reliable binary options broker with flexible trade expiry upto 150mins?

Olymp trade and IQ option

Haakeem:
Stop operessing your fellow niggas naaw.

Jealousy go kill u, go and work, people like u always claim to be humble just because u are still broke, if u are in his shoe I know u will show off more

iLegendd:


Hahaha. The hellfire line got me. I'm readjusting to warm or hot things now. Moderation is key.

Exactly sir

iLegendd:
Okay, this is how it started. I was sick, but I have recovered. Last month, I took my phone and a few clothes and lodged in a hotel for a week. Me, myself, and 1.

For many years, I have been drinking only cold water, cold drink, sleeping nakéd in an extremely cold room, etc. The AC is always at 18 or 19 degree.

After many years of this cold lifestyle, the repercussion befell me last month. I was coughing, sneezing, shaking, etc. It was worse than typhoid.

Luckily, after doctors took their share, I'm back to normal, except I no longer use AC, fan, or drink cold things.

It's not easy, but over enjoyment dey kill. Please, you guys should abstain from extremely cold things — it's dangerous except you grew in a snowy climate.

That's my little warning to those people who drink too much cold water and use AC too much. I will only touch cold things next year, but this year, I'm abstaining.

Sorry for the sickness, I personally hate cold things due to my health problem (sickle cell), I prefer heat that cold, I do not even remember the last time I drink cold water, I mostly drink either hot water or normal water but never cold water, I was bath with hot water, infact, I am use to hot things, person like me if I go hell fire I no go too feel the heat because am use to it

Brownygold002:
Hey, Nairalanders

Something has really been eating me up, I think I need to share. I'm a young gal of about more than 17, I'm brown, tall, slim, have a long curly hair (I'm from a mixed race - Lebanon and Nigeria), brown eyes and nice lips I'm endowed (no be mouth).

I'm a fresher at UNIZIK. I know I am attractive which I don't deny, I don't boast nor make anyone feel inferior. I have 3 roommates. I respect them cos I'm the youngest amongst them. But they don't seem to get along with me. I have tried everything I Can.

Each time we go out, I'm usually the center of attraction which is not new to me, nothing special. They just hate me. I don't boast. I try 2 look as simple as possible. But guys do come for me and they get jealous.

I have tried talking to them but they said they're fine but deep down I know they don't like me. The other day they intentionally frustrated me, they hid my assignments and burnt a new gown a guy at church got me. I'm tired of all these attitude everyday. I feel lyk taking my life, the hate is much. I didn't make myself. Help me guys!!

They are jealous, and this is how jealous grow


Jealousy -------> Envy -----------> Hatred -----------> Poison


Tell your parents what u just told us, and let them look for a new apartment for u, and if your parents refused then tell them that they should not cry for you if u are poison because they caused it

saintfaculty:
NFP

Are you the one that wrote that forex book on your profile?

Feshizzy:


Abeg try rest,
We don't encourage this kind of behaviour here,
Weather you mean am or na cruise,
Make you perish that idea.

Some members here no dey gree share their winnings because of this kind of messages.

It's actually not cool tbh,

No mind am, poor people and their entitled mindset, do not force people to help you, if they want to help you, let it come from their heart


Nigerians are too entitled

VlamesIffect:
Everybody dey drop opinion dey claim pro trader....who come dey lose contest if everybody be pro for here now
Na wa o.

This table u are shaking so enh


Abeg, reduce your voice, no too loud am

SirBen90:
Amen to all the prayers.

Everyone should have received by now. But if you haven't received pls quote this post with the number you picked.

Slots remaining are:
1
4
5
7
9
10
11
13
16
17

Number 4

Account Number: 6322066729

Bank: Fidelity Bank


Thanks

Feshizzy:
From personal experience,
If you want to stay long in this business,
It's has to be H1 TF and higher,
Yes you can go below,
But just make sure you share same sentiment and direction with higher TF,
The issue isn't even the TF but the psychology part.

Imagine watching the market candle by candle? Damn! That's too much work and you will be forced to take entry,

As pro traders,
Max hours you spend on charts should be 2 hours,
Let me break it down a little,
If you trade 1H,
You just need to check chart at every candle close,
That would b 24 candles, to study pattern on each candle close shouldn't exceed 5 minutes
So 24x5 = 120min = 2 hours
For H4 handle its divided by 4 that's 30 minutes in a day.

But you have to be experience to understand this part sha.

That way you have enough time for distraction,

If you enter a trade and you dey panic, it's just clear sign you shouldn't be in that trade. Probably too much risk or low probability setup.

Either way best of luck

Wow, u are so wise, this is the best rubbish I have seen so far this year, do not impose your opinion to others as facts, this is just an opinion not facts, do what works for u and stop saying what works for u as a fact.


If the price on the lower TF round 3pm is 1.2545 the price at the 4hr timeframe around 3pm will also be 1.2545


So, There is no difference between lower TF and higher timeframe

ObamaMessi:
Few days ago my elder brother went with his side chick to visit his friend only to meet his girlfriend in his friend's bedroom.

He is seriously heartbroken and he has been crying all the time since then.

Any advice?

Introduce him to the redpill and also tell him to stop keeping friends

1sherlockHolmes:
I don't think I am yet addicted to betting. I started sport betting last year september when i was doing nysc. it was introduced to me by a fellow corper that time i have 200k in my account raised from the 33k alawee in just three month i lost it all.

I stopped betting and move on with my post nysc life when an idea came to my mind which is borrow from loan app and stake on 2odd if you win take your profit and repay the loan. without hesitation i decided to give it a try, but whenever i borrow and stake the game cut but when i play with my little money i win. Because of this now I'm in huge debt more than 5 apps are waiting for my loan repayment while I'm still jobless.

I really need help I think I'm posessed or someone cast a spell on me. Anyway i have decide to break my sim card block my atm and stop betting.

May god help me. #stay away from bet9ja #sportybet and #1xbet they r destiny destroyer.

Do not give up bro, borrow more money to stake, so that u can loss the money that will make them finally send u to jail