How I backtest my trading strategy - pure price action 📈

Backtesting is part of my daily routine. Here's how I backtest my best forex pair gbpusd on Forex Tester 5 to keep myself sharp for the live markets, using supply and demand techniques.

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00:00 - intro
00:30 - arguments against backtesting
02:29 - benefits of backtesting
09:41 - on the charts
17:11 - trade #1 (win)
25:39 - trade #2 (loss)
28:09 - trade #3 (break even)
32:59 - outro

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ABOUT ME:

I'm Matt and I've been trading forex since 2015 and Bitcoin since late 2017. I live in the UK and am now starting to share my experiences from the trading markets on how I became profitable and how I maintain consistency through focusing on trading psychology and self improvement.

#priceaction #backtesting #forexstrategy #forex #forextrading

[boyleroy]

I enjoy backtesting more than a lot of things.

[Chadd-gq]

Really great video man appreciate you taking the time to make such an in-depth dive into back testing. Great content

[RenZoneNL]

good stuff matt, I need to be doing more backtesting

[chaddtomy]

Goated video Matt thank you.

What would you recommend in terms documenting when backtesting / developing a strategy??

Let’s say you have to restart - develop an entirely new strategy, you set your parameters / rules for entry / patterns you trade. Then you backtest it over and over again and see its hit rate / profitability ?

[LostSectorOnline]

Yes you’re right backtesting is important, but what you’re doing is more like a baby backtesting like simulated field practice, the real back test is when you transfer your strategy to a script and then you get instant trading results a year(s) back, then you change a variable and instantly see how the results changes, that the next level which is way way more effective