I don't see how backtesting is reliable for anything other than very mechanical strategies.
I have a set of criteria that needs to be met before entries, but outside of my criteria - a lot of it has to do with the current "feel" of the market or other intangibles that can't be coded into a script.
How do other discretionary traders backtest? Or do most not bother with it?
Do you find their analysis valuable in your trading? Specifically when deciding whether to place an entry?
I love TopstepTV, but as an ES trader don't really benefit from a lot of the active trading banter since they are mostly discussing NQ. I've actually considered switching to NQ specifically for this reason, but don't want to do so if there is no real benefit.
Curious as if there are any consistently profitable traders who do not actively manage their trades and just set their SL/TP and walk away?
I'm not sure that I have the emotional stamina to just watch a trade turn against me while it's playing out. Thinking that it might be best to just let it go without watching.
It's strongly trending.
I'm thinking about giving it a shot. Any tips for trading it? Do the same overall strategies that work in the equities (ORB, FVG fills, etc) work in the same manner for cattle?