Budoka - Coder - Trader Trading and Investing for Financial Freedom
I Trade and Invest in Forex, Precious Metals, Crypto Currencies, (CFDs on) Stocks, ETFs, and Indices.
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How to back test a manually traded strategy using TradingView
Trading is hard. It takes a lot of practice. One way to practice and build skill and confidence is to back test a system over and over again. In this video I show you how I do this using online charts at Tradingview.
I added another video showing the updated version that has the ability to replay the market.
Which Forex Pairs are Generally Trending and Which Ones Tend to Revert to the Mean In this article, I will systematically investigate the tendency of different Forex pairs to either trend or revert to the mean . I will do so by backtesting a simple trend-following strategy . (Code available on Github. See the end of this article.) “The trend is your friend.”, is a very well known trading adage. Another thing you read a lot in trading books, blogs, etc. is that the market only trends 20, 30, 40, xx% of the time. I was wondering how these ideas relate to the Forex markets. I asked myself the following questions: Do all forex pairs have the same trending tendency? Are there any pairs that are actually generally more mean-reverting in nature? And which Forex Pairs are generally trending and which ones tend to revert to mean? The reason I was asking myself these questions, is because I have experienced different behaviors between forex pairs while trading the same str
United States Mint cutting back on the coin production I believe everyone can maintain and build more wealth by holding gold. In this article, I will try to build my case for this belief. I will cite some bullish news facts for gold. Then I will move on to look at inflation and explain to you why I think inflation is theft and show you that it is robbing you of your wealth . I will conclude with some paragraphs on the Turkish Lira and my personal experience in Turkey that has shaped my way of thinking about money , wealth , and gold in particular.
I have another trading idea, that I will get into in my next post. But in order to test it, I will want to paper trade on plus500.com CFDs. So here is a little python script I wrote that gets all URLs to the mainly Yahoo and Google finance pages that are referenced for most of the 1500+ plus500.com CFDs on stocks, ETFs, indices, commodities, etc.. The script is on the end. It will write all referenced URL to a file. But first here are the Yahoo and Google ticker symbols that I filtered out. I will use the files of ticker symbols to programmatically scan for trade opportunities based on daily data.