What is Backtesting in Forex: Simply EXPLAINED
What is Backtesting in Forex: Simply EXPLAINED is a free lecture from Forex Trading with Expert Advisors + 30 Best Strategies (Every Month). Click on the link below and enroll in the course: https://eaforexacademy.com/courses/algorithmic-trading/forex-trading-with-robots-last-month-top-eas/.
What is Backtesting in Forex: Simply EXPLAINED by Petko Aleksandrov.
The best thing when it comes to trading with Expert Advisor is not that it executes the trades for us, but the fact that we can backtest them.
And the backtest shows us what the performance of the strategy is right up until the present time. With the backtest, we see exactly where the trades were opened and closed.
We see different statistics for the strategy, which is very valuable to analyze and to improve a strategy as market conditions change.
And this is something that is not possible with manual trading or when we use fundamental analysis. And so many traders contact my team and me in the Academy to learn how to automate their manual strategies.
When they do it, they realize that the strategy is not profitable.
Some people waste months and years with some manual strategies that they saw on the Internet without any proof that this strategy is profitable.
They test on Demo, and on live accounts, they keep losing money until one day they just give up trading with losses and feel defeated.
With algo trading, it is a different story because we have the backtest. Even if you are a complete beginner and you backtest the strategy, you will know if the strategy is profitable up until the present time or not.
With algo trading, we are not guessing and predicting what the market will do in the future, like so many analysts are trying to do.
We analyze past performance to make our strategies robust, so they have a higher probability of being profitable in the future. Mathematics and statistics, this is all we do.
If you look at the backtest of any trading strategy, you can see where the trades opened, where they closed, you know how long the trades last, what the Profit factor is, what the maximum drawdown for the strategy is.
In other words, what the risk is that we take when using the strategy, and so many more statistics that will give you confidence that you know what you're doing and what strategies to use.
Still, to make it very simple for beginner traders, when we use Expert Advisors or Robots for algo trading, we can perform a backtest to see how this Robot performed up until the present moment. This is very useful.
And in the following lectures, I will teach you how to do it on Meta Trader and use professional software.
What is Backtesting in Forex and the course are included in our Packages:
https://eaforexacademy.com/packages/trading-software/
The Expert Advisors in the course are created with the following program:
★ Forex Strategy Builder Pro - 2 weeks trial:
https://eaforexacademy.com/software/forex-strategy-builder-professional/
★ Test EA Studio with a 15-days trial and get the FREE course:
https://eaforexacademy.com/software/expert-advisor-studio/
� We received many e-mails with the question of what is Backtesting in Forex, so if you have any questions about What is backtesting in Forex, please, write in our trading Forum where you will meet many experienced traders.
https://eaforexacademy.com/forums/forum/general/
Our online algorithmic trading courses:
https://eaforexacademy.com/courses/algorithmic-trading/
Let’s connect on social:
Facebook: https://www.facebook.com/eaforexacademy/
Instagram: https://www.instagram.com/eaforexacademy/
LinkedIn: https://www.linkedin.com/company/33249615/
Twitter: https://twitter.com/EAForexAcademy/
What is Backtesting in Forex: Simply EXPLAINED by Petko Aleksandrov.
The best thing when it comes to trading with Expert Advisor is not that it executes the trades for us, but the fact that we can backtest them.
And the backtest shows us what the performance of the strategy is right up until the present time. With the backtest, we see exactly where the trades were opened and closed.
We see different statistics for the strategy, which is very valuable to analyze and to improve a strategy as market conditions change.
And this is something that is not possible with manual trading or when we use fundamental analysis. And so many traders contact my team and me in the Academy to learn how to automate their manual strategies.
When they do it, they realize that the strategy is not profitable.
Some people waste months and years with some manual strategies that they saw on the Internet without any proof that this strategy is profitable.
They test on Demo, and on live accounts, they keep losing money until one day they just give up trading with losses and feel defeated.
With algo trading, it is a different story because we have the backtest. Even if you are a complete beginner and you backtest the strategy, you will know if the strategy is profitable up until the present time or not.
With algo trading, we are not guessing and predicting what the market will do in the future, like so many analysts are trying to do.
We analyze past performance to make our strategies robust, so they have a higher probability of being profitable in the future. Mathematics and statistics, this is all we do.
If you look at the backtest of any trading strategy, you can see where the trades opened, where they closed, you know how long the trades last, what the Profit factor is, what the maximum drawdown for the strategy is.
In other words, what the risk is that we take when using the strategy, and so many more statistics that will give you confidence that you know what you're doing and what strategies to use.
Still, to make it very simple for beginner traders, when we use Expert Advisors or Robots for algo trading, we can perform a backtest to see how this Robot performed up until the present moment. This is very useful.
And in the following lectures, I will teach you how to do it on Meta Trader and use professional software.
What is Backtesting in Forex and the course are included in our Packages:
https://eaforexacademy.com/packages/trading-software/
The Expert Advisors in the course are created with the following program:
★ Forex Strategy Builder Pro - 2 weeks trial:
https://eaforexacademy.com/software/forex-strategy-builder-professional/
★ Test EA Studio with a 15-days trial and get the FREE course:
https://eaforexacademy.com/software/expert-advisor-studio/
� We received many e-mails with the question of what is Backtesting in Forex, so if you have any questions about What is backtesting in Forex, please, write in our trading Forum where you will meet many experienced traders.
https://eaforexacademy.com/forums/forum/general/
Our online algorithmic trading courses:
https://eaforexacademy.com/courses/algorithmic-trading/
Let’s connect on social:
Facebook: https://www.facebook.com/eaforexacademy/
Instagram: https://www.instagram.com/eaforexacademy/
LinkedIn: https://www.linkedin.com/company/33249615/
Twitter: https://twitter.com/EAForexAcademy/
