Ultimate Guide To BACKTESTING - How & Why You Should Do It!

Backtesting allows you to practise your trading strategies, build experience & collect valuable confidence-boosting data on your trading systems. Here's why you should do it and exactly how to, step by step!

----

----

Chapters:
00:00 - Introduction
00:24 - What is Backtesting?
01:51 - Backtesting is One Part of the Process!
02:31 - What We Need to Start Backtesting
03:40 - The Backtesting Process: Step 1
04:08 - The Backtesting Process: Step 2
05:00 - The Backtesting Process: Step 3
09:56 - Recapping the Process & Benefits
10:29 - Forex Tester 5 Discount!!

-----

My name is James ~ i am a forex trader & coach teaching you how to become a better trader, win more trades, make money trading forex and master trading psychology.

If you want to master forex trading & learn the best price action strategies, subscribe & connect with me below;

[Venice]

I just finished the free course and wow.. Helped me a lot man.. Thanks

[mikef.]

Thanks James, got a killer deal on FXT5.

[andreblahowetz]

Thanks a lot for that video...thorugh this one i learned about that Forex Tester Software and after reviewing it i got it for myself...now i´m going to backtest like crazy :D

[KAMO]

And you make it easy for me to understand ❤

[cubebatoelectronics]

please can you drop the link to the backtesting software or app

[mrbestbw]

Hello J! Thanks for the great content as always. May I ask though, using the free versions of either T/View or F/Tester5, since we cant go through the complete Top Down Analysis would one still find value in backtesting the strategy without the TDA? I have all my theories in place I just struggle with the chart and making my own setups. I can read well when someone marks up the chat. I get lost when I have to do it myself

[Jmhfl]

Hello Jea, @9:07 when you say to screenshot this chart. Is that not saved into ForexTester along with the numbers?

[ThanniolodoBasit-yzkl]

What platform do you use in back testing

[IdowuMalik-rv]

Please is forex tester a one time subscription
Like I mean after registration it’s ever lasting ?

[HighCodeSystem]

High bro, thanks for video. I just wonder to know what per do you recommend for SMC concept .

[charlesunique]

Hi bro I warlord from tanzania, how can I combine SMC and economic calendar

[Godiscover]

Like always great content, great explanation, great Academy 😌👌🏻 going through it for second time, how I pleased. All in one, Thank you man.
By the way I do not know how join Discord🙄 any help ?

[humps]

what are your thoughts on Yuan replacing the dollar as global reserve currenccy?
as well as yuan being the most traded currency in Russia that occured several days ago?

will the major pairs be GBP YUAN instead of GBP USD in the future?

can you make a vid? it's a hot topic now for forex

[Osigwe.Emmanuel]

What time frame do you use to back test

[Bilo]

What type of forex tester 5 are you using in the video. Is basic, standard or super?

[Calvin-cihs]

Can i slide throught multple timeframe when using top down analysis on this software

[haggainandwa]

I never thought it's that important to back test a strategy that's already in use

[soverignbeing]

Is backtesting the same as live trading? Your backtesting set up is very simple and straight forward and repeatable, But in the live market are you going to let your trades run the same way? Are you never going to make decisions in live trading based on what you see happening?

[PeckyTochy]

I am looking for a free backtesting app, any recommendations pls?

[Papillonfx-vbjw]

im new here n i love your content #imstaying