Any idea you come upon must be tested in demo because doing so allows you to see how it can be applied in real time and safely.
Example.
Only trade if price passes 50 ema. How do you go about it?
1. Limit order before price passes ema
2. Market order as you visually see it happen
3. Stop order when price before ema and putting the stop on the side passing ema
All 3 I have tried with success. But will it work for you?
Even if I say my success rate is 90% it shouldn't matter. Even if I am a dr. In finance, it shouldn't matter, why?
You have trading view back test and demo accounts; meaning you can test yourself if my claims is true; meaning you can do a falsification test.
I personally was taught, do this steps and it'll work. And it did, but, for it to work for me; i had to do all the work and make it work for me.
Tldr. Test it. Test it. Test it
Example.
Only trade if price passes 50 ema. How do you go about it?
1. Limit order before price passes ema
2. Market order as you visually see it happen
3. Stop order when price before ema and putting the stop on the side passing ema
All 3 I have tried with success. But will it work for you?
Even if I say my success rate is 90% it shouldn't matter. Even if I am a dr. In finance, it shouldn't matter, why?
You have trading view back test and demo accounts; meaning you can test yourself if my claims is true; meaning you can do a falsification test.
I personally was taught, do this steps and it'll work. And it did, but, for it to work for me; i had to do all the work and make it work for me.
Tldr. Test it. Test it. Test it