I know I'm just a bgeginner on these Trading concepts but I have been looking hard at the MACD and RSI and notice the telling signs that when there is a certain rising or falling pattern
it will usually translate to the start signal of the tragectory path of the stock. I want to do some back testing to try out some ideas.
This is all very immensely interesting to me because it seems like a world wide game that everyone is playing. And this game has lasted for generations and the rules are simple but not easy.
It is a game where the more you learn, there could be a bigger edge for yourself but success is not guaranteed.
Isn't it an amazing game?
I'm actually at that stage where I want to accomplish many different things and try out many different things but
I am getting frustrated because I know deep down it is the shiny object syndrome.
I need to think properly what I really want. And what is the best use of my time.
And the best use of my time would be to increase my knowledge. I mean - how do you write a bot and test a strategy when obviously
there are many other things you don't know yet. This is like trying to write a bot which navigates the road when you are don't even know how to drive.
So I think the best use of my time right now is to increase my knowledge about trading, about indicators, brushing up my knowledge on reading charts, technical analysis and candlestick reading for example.
Moreover, do the things that are most familiar to you first and I already have projects that are lined up like my mock data api backend which I would want to finish it first.
Hence, now the path is clear - finish up the mock data api backend and learning about stock trading and technical analysis.
We will put the backtrader backtesting on the back burner. We will get back to you it again once we get better in stock trading knowledge and indicators so we can formulate a suitable strategy.