Or you can go for forward testing that I feel is a better approach @collinggwoodabram since we get to test the strategy in real time rather than the historical data. Nothing works better than the confidence of strategy working well.
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I just got a margin call from my broker, for the second time! I’m thinking now if it’s really that b
- Thread starter Saivarshinee
- Start date
Me too and one of the reasons is that I just don’t believe in the look-ahead bias.Or you can go for forward testing that I feel is a better approach @collinggwoodabram since we get to test the strategy in real time rather than the historical data. Nothing works better than the confidence of strategy working well.
Optimizing a system and watching the theoretical results perk up with just a few tweaks, seems interesting to me.You really don’t need to be a programmer for backtesting. How many traders do you think actually know coding? All you need to do is hide the future data on the chart and go through it bar by bar. Simply trade the market as though it’s live.
Go for the back testing if you wish. Keep focusing on the key performance metrics like the profitable percentage, the net profit on average trade, and always aim for a realistic success rate.Optimizing a system and watching the theoretical results perk up with just a few tweaks, seems interesting to me.
I think what you’re saying is right. Reliable trading platforms like fxview, oanda, avatrade offer a simulated environment to complete the forward performance testing. I usually practice placing trades and get acquainted with the platform’s user interface to better the strategies.Or you can go for forward testing that I feel is a better approach @collinggwoodabram since we get to test the strategy in real time rather than the historical data. Nothing works better than the confidence of strategy working well.
One piece of advice here- look for a correlation between the out-of-sample, in-sample, and forward testing results. The better the correlation, more confident you’d be of developing the viable trading system.Go for the back testing if you wish. Keep focusing on the key performance metrics like the profitable percentage, the net profit on average trade, and always aim for a realistic success rate.
Don’t know how oanda works but I’ve been trading with fxpro and fxview and the online quotes and interactive charts help examine the quotes in detail. It’s easy to respond to any price change quickly.Looking for a simple strategy here? Try a free charting platform like MT4. I’m sure licensed brokers like mine - Fxview, IB, and oanda, make this easy. All you have to do is mark the entry, stop loss, profit target, and finally record the results of your trade.
Well I don’t think that’s possible. I mean you can’t take the chart out of the terminal. I think they go hand in hand.