How many times should I backtest my strategy?
I’ll reduce it a bit. For strategies with an average holding period from 1 day to 30 days, 2 to 3 years is a pretty good rule of thumb. You should follow that up with 3 to 6 months of paper trading. Longer holding periods, more backtesting time.
How do I back up forex strategy?
How to backtest trading strategies in MT4 or TradingView
- Select the market you want to backtest and scroll back to the earliest of time.
- Plot the necessary trading tools and indicators on your chart.
- Ask yourself if there’s any setup on your chart.
What are the Best Forex strategies to trade?
Here are some more Forex strategies revealed, that you can try: You can take advantage of the 60-minute time frame in this strategy. The most suitable currency pairs to trade using this strategy are the EUR/USD, USD/JPY, GBP/USD, and the AUD/USD.
Why should you backtest your forex strategy?
However, backtesting is just the start because the immediate step is to forward test your strategy. The primary purpose of backtesting is to prove you have valid trade ideas. If your Forex strategy has a proven edge, you’ll be more confident to pull the trigger when the next trade signal shows up.
How to maintain discipline when trading Forex?
One way to help is to have a trading strategy that you can stick to. If it is well-reasoned and back-tested, you can be confident that you are using a high-quality Forex trading strategy. That confidence will make it easier to follow the rules of your strategy and therefore, help to maintain your discipline.
What are the benefits of Backtesting software in trading?
Another benefit of backtesting software is it helps you skip weeks and months of trading failure, depending on your time frame. You can go through a year’s worth of Forex price data in just a few minutes. No matter what your trading rules are, you can use any backtesting software to test the reliability of your trading strategy.
https://www.youtube.com/watch?v=lqu1wSVrxzY