Is it necessary to practice bitcoin trading by replaying the market?
That’s trading, we analyze the whole price trend and just edit the time frame based on your strategies so its a must. Beside, its hard to analyze if you have a limited data since the price trend tomorrow is still unknown. If you want to succeed learn to used indicators, it can be a big help. 
Topic: Do you replay trading Bitcoin market? - page 2. (Read 501 times)
Strategies made on the past are mostly being back test to see if it will suit the situation of the trading you are currently with. There are lots of trading strategies that a trader may formulate and most of those strategies only came from a single strategy which he turns back to see if he can make an improvement or alter some points to make it suitable for the current trading set up he wish to get through. I also do replay trading most of the time for I believe repetition can always be done as long as it will help you out on conducting right decisions and properly strategize your trading.
That is not a bad plan. I get that people think working on previous stuff to make it work for current stuff is not a good idea, but the reality is that we are working towards finding out which strategy works and that is why they think it won't work for the future, nobody realizes we are also eliminating bad strategies, which is a great thing.Your strategy that you backtested and worked perfectly may not be awesome in the future as well, but the strategy that you tested and found out that it is not really good would be not really good in the future most probably. That is why I think it is quite important that we do not end up with a bad one and that is why backtesting is important. I have done so many on tradingview tests and I can honestly tell you that I am not a great trader thanks to it, but I am not a horrible one neither because I found out how horrible it could get.
Strategies made on the past are mostly being back test to see if it will suit the situation of the trading you are currently with. There are lots of trading strategies that a trader may formulate and most of those strategies only came from a single strategy which he turns back to see if he can make an improvement or alter some points to make it suitable for the current trading set up he wish to get through. I also do replay trading most of the time for I believe repetition can always be done as long as it will help you out on conducting right decisions and properly strategize your trading.
If you are talking about analyzing charts then yes. I always do this. I sit and analyze sometimes 1 hour charts but mostly 4 hours and day charts of BTC, XMR and some other crypto before making any actions with them. That helps to decide what limit orders to put next or maybe to cancel some.
Is it necessary to practice bitcoin trading by replaying the market?
If your way to earn in Bitcoin trading is right, why not. But of course, if your not getting any profit in your methods to earn Bitcoin,
put it as a learning lesson and do not repeat it again to avoid lose your assets of course. Perhaps, this is only the basic need to know whether you are a newbie or old traders individuals.
Backtesting is not something that should be ignored, it is definitely beneficial if you know how to use it, but the reality is that it is not that important neither, it is something nice but only like 5% helpful compared to all the other things you should be doing. This is one of the reasons why I do not end up using it, I know that if anyone out there want to do backtesting on their strategy, they should do it and I am not against that, in fact I am in full support of that, but I still think it matters only slightly and that is why it is not a big deal for me.
This is going to be tough thing to learn to do while the return is not that big neither. Learn everyone essential for you to be a great trader and if you learn that it would mean that you could move to backtesting as well, it would at least allow you to be a good trader already and just become a great one.
I am curious why you think it is not that important? Backtesting allows you to get an answer to a critical question, does my trading system actually makes money over the long term? If not with backtesting how can you possibly know that what you are doing earns money in the markets?This is going to be tough thing to learn to do while the return is not that big neither. Learn everyone essential for you to be a great trader and if you learn that it would mean that you could move to backtesting as well, it would at least allow you to be a good trader already and just become a great one.
A book or someone else can tell you a strategy is profitable but without evidence about it we must not believe it, backtesting in that case is critical, there are many strategies that on the surface look great but once you test them against the market you realize they are not profitable at all, doing that and realizing it will save you the time and money that you would have wasted in the markets and that is invaluable.
At this time, some patterns of repetition of the market cannot be assumed, in some analyzes many can say that it will be repeated, but the circumstances in 2017 are not like those of 2021.
It is also valid when on some occasions they have compared the controversial Gold and bitcoin, because the charts are very similar and bitcoin is in a clear bullish trend, and gold has a certain short-term correlation with bitcoin, some gold analysts say that It will also rise due to the similarity of the Bitcoin chart.
If analysts take into account that we are still in a pandemic, that there was no pandemic in 2017, that bitcoin has reached a new ATH in 2021, these are circumstances that were not expected, if the majority are affirming that Bitcoin this year will reach $100k the pattern is likely not to repeat itself.
It is also valid when on some occasions they have compared the controversial Gold and bitcoin, because the charts are very similar and bitcoin is in a clear bullish trend, and gold has a certain short-term correlation with bitcoin, some gold analysts say that It will also rise due to the similarity of the Bitcoin chart.
If analysts take into account that we are still in a pandemic, that there was no pandemic in 2017, that bitcoin has reached a new ATH in 2021, these are circumstances that were not expected, if the majority are affirming that Bitcoin this year will reach $100k the pattern is likely not to repeat itself.
Is it necessary to practice bitcoin trading by replaying the market?
The condition will change everyday, you can't make the same strategy with trading now and other. I mean, when you already profited using a strategy then you are directly use the strategy for next entry. In some situation this thing will give a bad return, yeah because you make random strategy without now what next that will happen. Like me, I always find a good time the market for an entry point. I mean, when I use day trader or scalping trade that need a few time to make one entry and another I always find when a good time first to entry. Like when I use 15 time frame then I will make another entry when 4 hours time is already finished. I'll not make an entry every one hours because some time this movement can't be manipulated.
Is it necessary to practice bitcoin trading by replaying the market?
Maybe I understand you trying to say tracking past market, it is though still known as recording, trying to see repetition. But you know market shouldn't not be relied on repetition. You can use the historical data or tracking of the padtcto learn, practice your pattern but not for live trading. If you looking to use it for live trading, you may not get same kind of record. Practice in your kind and understand your pattern.
everyone certainly will not want to repeat the same mistakes he had made, neither does Op, of course, ask the right decision or not if he tried to do trading strategies in the past when he got a profit. I think this should be tried repeatedly while being able to improve better strategies in the future
I think it means that you could backtest, like let's say there is a period between 10th of march and 20th of march, and you retest many different strategies and see which one actually makes a profit, that kind of thing? That is what I understood from it honestly. Of course it may not be like that, but we are definitely working by doing that as well and that is what I understood.There is nothing wrong with any of this, you could always either replay it with the same strategy to see if it will be better in the future, because maybe your strategy is good but it was bad last week but it will be good for next week? We do not know that so replaying the same thing could work too, like a measure to test how it is a bit more, or you could backtest couple of strategy for the past situations and see how it could be in the future as well, both are things you could do and not lose too much.
Is it necessary to practice bitcoin trading by replaying the market?
Definitely, specially if your strategy is really working then why change it? As the saying goes, if ain't broke don't fix it, so it applies to crypto trading as well.
And the whole bot development is based on millions upon millions of back test and they will find the best solution that fits our goal. So yes, there's a lot of benefit from doing the same strategy over and over again as long as it is very effective for you.
Is it necessary to practice bitcoin trading by replaying the market?
I do this all the time man. You can literally feel the upcoming data based on the past events. I mean couple of weeks ago I predicted the market based on "step cycle" analysis. This does not exists, it just me who coined the term where you can see market trend average of three days will show you bear and bull trend line repeating itself at-least twice! When you see this coming, you can assume that there is high probability you will see market will go boom that way one more time.
I posted this on the forum itself and it worked smoothly. I think one should replay the bitcoin market as and when you get conclusive results from the same.
Backtesting is not something that should be ignored, it is definitely beneficial if you know how to use it, but the reality is that it is not that important neither, it is something nice but only like 5% helpful compared to all the other things you should be doing. This is one of the reasons why I do not end up using it, I know that if anyone out there want to do backtesting on their strategy, they should do it and I am not against that, in fact I am in full support of that, but I still think it matters only slightly and that is why it is not a big deal for me.
This is going to be tough thing to learn to do while the return is not that big neither. Learn everyone essential for you to be a great trader and if you learn that it would mean that you could move to backtesting as well, it would at least allow you to be a good trader already and just become a great one.
This is going to be tough thing to learn to do while the return is not that big neither. Learn everyone essential for you to be a great trader and if you learn that it would mean that you could move to backtesting as well, it would at least allow you to be a good trader already and just become a great one.
What is the meaning of replaying? What do you mean by that you are trading with the same strategy?
If you are trading with the same strategy and you are making a profit it is worth doing, but if you are not doing it right,
and you are not making a profit you better not replay it !.
If you are trading with the same strategy and you are making a profit it is worth doing, but if you are not doing it right,
and you are not making a profit you better not replay it !.
Is it necessary to practice bitcoin trading by replaying the market?
Through virtual trading, yes it is possible.But here where market doesn't sleep, nah. Basing your actions from the history of the past won't help you that much aside from the pattern and prediction that could possibly lead to your speculation.
Remember it's unstable market after all.
Is it necessary to practice bitcoin trading by replaying the market?
Maybe I understand you trying to say tracking past market, it is though still known as recording, trying to see repetition. But you know market shouldn't not be relied on repetition. You can use the historical data or tracking of the padtcto learn, practice your pattern but not for live trading. If you looking to use it for live trading, you may not get same kind of record. Practice in your kind and understand your pattern.
Just because it repeats 10 times doesn't mean it will do so another time, or another 10 more times, or won't repeat again after failing to do so a few times.
Trading is a skill, but also people who do it mostly don't implement those skills:)
Who knows, there is what we called historical data and information. If those aren't credible then why some still used those as reference? Anyway it's more like not a justifiable response but it's only an opinion.Trading is a skill, but also people who do it mostly don't implement those skills:)
You are right trading could be a skill but those skills are not perfectly gauge no matter how skillful you are. It's not like basketball or any sports that even you mastered it the consequence and probability to win is high. Market simulations is different but I didn't say can't be somehow predict.
Is it necessary to practice bitcoin trading by replaying the market?
Actually it helps but for some it may not. As you can see the market trend is different daily, weekly and so on, but we cant deny that there are patterns over the course of those time that it got repeated many times over. Like the cycle of pump and dump in a given particular order. I dont know but that's how we can practice more if we wanna learn the basics of trading. Experience is the best teacher after all. Past trends are very important to Medium to long term trading, they analyze the market based on that and that's very effective for them. Reading the chart is not easy, it takes a lot of time to learn the process but if you're a serious to learn trading, then better to start analyzing the past trend and see how they moved on this market.
on where they do apply their future trades basing off with those movements.I dont see anything wrong with that because there are people who are really making use of it.
Effectiveness will just vary or depend on how those analysis will turn out plus on how the market will be going on the same direction. Going back into past events and
analyzing on what methods or trading strategies would be used isnt really a bad move after all.
Is it necessary to practice bitcoin trading by replaying the market?
Do you mean Backtesting when you are saying "replaying the market"?If you meant that, Trading view can help you but you need to know how to code your script.
Setup script and do backtesting it on Trading view
When it comes to trading strategies the few that can actually profit from the market and have the necessary evidence to demonstrate that they are not being lucky but instead beating the markets with their skill are extremely secretive about their strategy, you are better off just using a spreadsheet software and then take advantage of its scripting capabilities.
Is it necessary to practice bitcoin trading by replaying the market?
Replaying the market? I do not fully understand what you want. But I guess you want to practice bitcoin trading by trying to trade many times to understand more than before. If that so, I think the answer will be yes because doing trading more and more will give you a better experience than before, and you can improve your skills better. You can also try to analyze the market to find the time to trade to help you more in trading. You can use the other indicator or tools that can help you to analyze the market because the situations will not be the same from time to time. That will give you a chance to have more experience.
Jump to: