How to Backtest and Collect Data + Backtesting Journal
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 Published On Nov 16, 2023

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In this trading tutorial, we are going to dive deep into backtesting and collecting data about your trading strategy. I will explain what is backtesting, why is it so important for traders and how it helps refine your trading edge.

We will talk about gathering trading data, so you can build a strategy that is backed up by data and statistics. I will give you some important data points to collect that will help you make effective trading decisions when trading in the live markets.

I will give you a backtesting journal template and how you how to backtest properly and log in your data, so you keep track of all your backtests and journal your trades.

I will also explain the importance of forward-testing the markets. Backtesting is just the data collection process, while paper trading allows you to experience your trading strategy in the live markets and learn how to execute your trading edge under the influence of emotions.

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DISCLAIMER:
This video expresses my personal opinion only. Trading the financial markets involves risk and is not suitable for all investors. Before deciding to invest in foreign exchange or another financial market, you should carefully consider your investment objectives, level of experience and risk appetite. I am not responsible for any losses incurred due to your trading or anything else. I do not recommend any specific trade or action, and any trades you decide to place are your own.

#forex #forextrading #tradingplan #backtesting #backtest #backtesttrading

Timestamps:
Intro 0:00​
Why traders struggle 00:33
What is Backtesting 02:07
10 Pieces of Data to Gather 03:26
What is Forward Testing / Paper Trading 09:03
Backtesting Journal 11:48
Disadvantages of Trading View Backtesting 12:50
How to Backtest on Trading View and Collect Data 15:17
Notion Backtesting Template Data 22:40
Backtesting on FXReplay 29:28
Wrap up 39:18

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