Backtesting is sooo confusing , anyone got a good guide to learn how to do one?

[Wach80]

i managed to do my first backtest studying a bolinger band pattern at ninjatrader 8 , i dont even know if i did it correctly 100% though , nj8 looks nice tbh but this program even though it doesnt require any coding it still has so many options who are confusing and i dont even know what they mean , amibroker is much simpler yet its not free and requires coding , i also have forex tester 2 which seems to be the best option for manual backtesting.

 

[masterm1ne]

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Good word + good help MM;
i like to print a 10 year candle chart sometimes also. Crayons work well, also+ they dont bleed thru like so many high- liters...........................................

Thanks man I try. But with that 10 yr candle ur gonna be dead before u get a single buy/sell signal. Also be careful not to draw lines without the ruler. Hint the 5 min is the magic. And if u want to color ur candles u can but I pref BnW.

 

[Wach80]

Forex tester 2 is really awesome for manual trading , ninjatrader has a replayer but im not quite sure how does it work , generally replayer makes manual trading fast , i have a feeling that manual trading also teach somehow better your system , its like real practice.

 

[MaxPastukhov]

Forex tester 2 is really awesome for manual trading , ninjatrader has a replayer but im not quite sure how does it work , generally replayer makes manual trading fast , i have a feeling that manual trading also teach somehow better your system , its like real practice.

Can you please tell me what do you especially like in Forex Tester? I'm a developer of a similar product, just want to know what to take into account

 

[ElectricSavant]

The layout of your text, reminds me of a "market profile chart"

eS

First you need data.
What data ? Depends what you look for.
Some only need EOD datas but you may need intraday.
Or anything else like Macro, Earnings, Microstructure related.
Once you know what you need, get the data, then translate into code.
You can run very simple strategy with EOD data on Excel.
Simple as IF yesterday close > yesterday open,
Then Close - Open which is to buy the day,
At the open and close at the EOD.
If you trade with daily candles,
You won't need intraday.
And excel will suffice.