Hi Guys,
If you have a new strategy, the most important thing to do is to back test it well, please have a look at my post here:
Why Backtest:
This is the most crucial part of proving whether a strategy would be profitable, don't pay someone else to do back testing on your strategy because you are the one who is going to use it in real life trading your own money, and one of the best things about back testing is that you get to practise trading 5 years worth of data quickly, the experience is closer to the real life experience than anything else.
How to Backtest:
If you have a new strategy, the most important thing to do is to back test it well, please have a look at my post here:
Why Backtest:
This is the most crucial part of proving whether a strategy would be profitable, don't pay someone else to do back testing on your strategy because you are the one who is going to use it in real life trading your own money, and one of the best things about back testing is that you get to practise trading 5 years worth of data quickly, the experience is closer to the real life experience than anything else.
How to Backtest:
- Hide future data completely, a quick glance a the future can affect your decision making and make up false test results
- Quantity, the more the better, make sure you do at least 400 trades in your back testing to cover as many types of markets as possible........
Full Ariticle:
http://wolfradar.com/blog/how-to-dev...d-back-test-it
Please note that posts on my blog are written based on my own knowledge and experience, and Im not setting any products here.
Hope you enjoy it!
Thanks!
http://wolfradar.com/blog/how-to-dev...d-back-test-it