![]() ![]() Strategy backtesting is a crucial element of a good trading system. Repeat steps 3 and 4 until you have gone over the entire time period you are backtesting.If there is no trade setup, move the chart forward in time until you find one.Record the trade’s information such as entry and exit points, stop-loss and take-profit levels, and the trade result. Look for trade setups based on your strategy.Open a chart of the market and scroll back to a past period. ![]() Choose a forex pair or instrument to backtest your strategy on.To backtest a trading strategy follow these tips: To figure out how effective your strategy is likely to be in the markets, you need to do some backtesting. The fact is that not every strategy works. Sometimes you may have what you think is a winning trading strategy only for it to fail after a couple of trades.
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