Forex Trading Edge Backtesting Mastery Enhancement
Forex Trading Edge: The method of backtesting involves comparing a trading strategy’s rules to a historical set of trade data for a particular asset or currency pair.
USES: To ascertain, contrast, test, and extract information from a strategy and its rate of profitability without really investing any money.
The objective is to ascertain how a strategy responds in various market cycles and to provide more strategy information.
The main goals of backtesting are data extraction and deeper understanding of your strategy.
Information such as win rate, trade frequency, maximum losing streak, and so forth. Having a thorough understanding of your strategy’s facts will boost your trading patience and confidence.
How can I do a backtest?
It is possible that you come across a new strategy you learned for someone, or that you see on YouTube, somewhere, or even on a chart, but you are unsure of how to backtest it.
It is not optimal to backtest a chart that has previously been displayed.
ought to be carried out as though you have no idea what will come next.
When you can see what you need to see, there’s no reason to perform a backtest.
You should backtest without knowing the next candle stick’s appearance, which is why a BAR REPLAY TOOL is necessary.
You can see the price and candle stick move and print as if it were a live market by using the BAR REPLAY TOOL to erase the candle stick from a selected price date.
From there, you can focus on any particular detail you wish, such as time or liquidity.
When doing a backtest, be specific.
For example, you don’t need to pretend to trade off an Asian session if you don’t trade Asian sessions.
Backtesting must be done as though you are in a real market.
When doing backtesting, take it seriously.
Just test your strategies on real markets.
Consider every aspect of the market, including entry and exit points, RRR, and the time you execute trades, as if it were a live one.
When doing a backtest, be honest and real with yourself. This will enable you to see your areas of weakness and, if necessary, address them.
You may get the BAR REPLAY TOOL on @tradingview premium.
To access the BAR REPLAY, you had to pay for a premium account subscription.
For backtesting, I personally use the Trading View Premium.
If you experience any problems paying for the premium account, it could be a credit card issue or a money problem.
