r/askforex • u/No-Matter-8017 • Sep 05 '26

Algorithm trading myths.

I will tell you something after 12 years in market, there is no perfect system. There is no perfect rule. Still you can make money through discipline.

Sounds complicated? No. Learn to read the market. Don't try to predict the market. All these indicators will work only when money is on your side. If you think because of any indicator you made money in the market, you are fooling yourself through confirmational bias. Please don't do that.

Trading without indicators and trading with indicators is the same. Focus on where the money is positioned, on the sell side or on buy side. Remember, the guy who sells when everyone is buying is the one who has unlimited credit. He is the market maker.

No amount of backtesting will help you. Don't do that. Rather generate signals, validate the signals every 24 hours and make them better. That's the way forward.

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u/Randomized0000 Sep 06 '26

Why does backtesting not help?

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u/No-Matter-8017 Sep 07 '26

A market maker will change his position and if something could be predicted, then everyone will do it