Long-term position-holding on EUR/USD, looks profitable to me?

EURUSD

Apropos, Has anyone here ever run a proper backtest analysis (using code and covering long time periods) on their FX strategy, or is it always 'eyeballing' and 'shooting from the hip'?

EURUSD

Then this strategy is invalidated; the 20 SMA crosses 200 SMA infrequently, and the idea is to let your profits run (it can stay this way for months or years). If you are getting out at a precise stop loss, you are then waiting months/years before ...

EURUSD

That's what the 'quant' strategy in the Python for Finance book does too. Except it uses 42 day SMA > 252 day SMA and requires the 42 day SMA to be 50 points or so above the 252 before committing (for S&P 500) It does work and it's better than buy ...

EURUSD

A simple strategy that's probably profitable: Instrument: indices like S&P 500, DJI and Dax 40 Long only Buy when price close > 20 MA > 200 MA, sell when 20 MA closes under 200 MA The problem is writing an algorithm for your stop loss level and so ...

EURUSD

So pretty much the best you can hope for is to time a bottom and get out near a top (or at least when you've made profit). Then get back in long when the moving average is sloping upwards etc. Leveraged trading is a catastrophe. It's all about ...

EURUSD

Hey. I have thought about quant systems and even bought a book about it (I can share the link to anyone who is interested). It only covers one technical system, using Python (it's heavily weighted towards academic finance, Markowtiz and all that ...

EURUSD

I also hate it. But looking at the world right now, I might have far worse things to worry about soon (I'm not vaxxed so I will end up in a concentration camp soon!)

EURUSD

I almost wish the brokers would ban me from CFDs/spread betting, I mean going on three years of losses - it's just madness to keep trying.

EURUSD

Isn't that what I just said lol ... Most retail traders (99.98%?) have day jobs, and it's just as well they do because they LOSE money trading FX. How long could you live if you had to make a living doing something that lost you money?

EURUSD

Because it's addictive, I mean trading. Like gambling. Most people come on here to get validation for their own ideas, which is also a very human thing.

EURUSD

I don't doubt it. I guess there are two types of FX trader: professionals who do it for a living, and amateurs (everyone else). The pros are consistently profitable and everyone else loses their shirt. That's pretty much how the world works!

EURUSD

The Nazi World Order is going to start mandating 'vaxx' in Europe next year. People who don't submit to the twice-yearly clot shots will be fined, starved and put into concentration camps. How will this affect the European economy? Well, this could ...

EURUSD

99.98% of retail FX traders lose money - 'technical analysis' systems are designed and promoted to give them false hope. It's pure desperation that makes them keep trying, losing money year after year. They're playing a rigged game.

EURUSD

There isn't a single 'system' or 'indicator' that can 'predict' anything, anywhere at any time.

EURUSD

The Euro is f*cked, just like the Aussie dollar video

EURUSD

Vaxx Nazis continue to tank the economy. video Next year we will see a collapse - Covid concentration camps from Australia will come to Europe. Things are going to get REALLY bad, economically.

EURUSD

It's make-or-break time here, price needs to hold up or the rally could already be over and done with!

EURUSD

What does this longwinded rant have to do with anything? Surely the moderators should hide it.

EURUSD

I don't usually look at the MACD but it seems likely from this daily POV, with the MACD turning, that there will be a little more upside.

EURUSD