How long would it take to set up a backtest for this 3-Ducks Trading System if one is familiar with a backtesting app? https://elitetrader.com/et/threads/...hich-it-is-regularly-fed-to-a-machine.348850/
easymon1, About 1 to 3 days. Try NinjaTrader. It is free to back test and free historical data. You can back test as much as you like.
He talked about dynamic exits, I asked about rules. They have to be a function of some variables (mb category of variables like momentum-based technical indicators, technical levels) I asked which one he uses.
How do we justify they work & work for dynamic targets, why does lagging indicators are good signal for exit or changing exit target??
I don't use price action much but here is a small tip: just write down the price in every 5 minutes and observe what does it do in next movement. Don't guess. Just keep writing down
Any thought on this book? I read it so long ago I forgot how much value it might be to the Op. https://www.abebooks.com/servlet/Bo...humphrey+neill&sortby=17#&gid=undefined&pid=1
first learn daily patterns buy all the old trading books you can at a discount from joe ross, larry williams, toby crabel, zillions of others. if i were you i would stop right there cause you can make plenty of money and have less stress than moving into intraday.
I can teach you. $200 per hour. Probably less than 100 hours total, depending on how quickly you learn. I work on daily charts only. No day-trading.
Personally, I've always like the Pristine-based school of traders, even if they don't necessarily describe themselves as "price action" traders. (There are about a dozen offshoots from the original service.) YourTradingCoach (YTC)/Lance Beggs also seems pretty solid as a starting point, although I haven't delved into his material in detail. Both offer tons of *free* resources -- blogs, articles, newsletters, webinars, YT videos, etc. I generally suggest people check stuff out that way first to get a feel for what they do, how they teach, etc. before even considering committing to paying for a sub or buying a course. Put some time & effort into maxing out on the free stuff first -- there's enough to keep you busy for thousands of hours... and only then consider paying for more. Lots of traders recommend Al Brooks for learning PA, but I think he might be better after/if you get deeper into it. Very technical, tedious and dry, even if it's good stuff. (Not affiliated with any of the above, have nothing to sell you.)