Backtesting has been used by big companies and professional traders to improve many aspects of their trading strategies. Most of the tools are available only to programmers and retail traders without coding skills are not able to use them.
Retail forex traders apply different techniques to backtest trading ideas. Some are using MetaTrader, others write the trades on a paper and move the chart bar by bar. There are many ways to backtest, but most of them are slow, uncomfortable and unreliable.
What to do on trading simulator, should I spend any time on it.
Trading simulators are just like flight simulators and if you value your live you better spend decent time on the training machine before you step on the real thing.
Therefore if you have any respect for your money, better spend few minutes on simulated trading environment than few thousands real cash.
Because forex testing tools are hard to find and demo trading is slow, many traders neglect or totally ignore the learning process.
Is it a good idea to ignore what the pros do?
Backtesting with our tool is easy and enjoyable.
Use it to learn or improve trading, increase your profits, decrease strategy validation time and have fun.
Backtesting trading ideas is fast and reliable method to protect your trading capital. According to Investopedia doing that properly will result in better strategies. The stats show that 95% of the traders fail to become profitable, mainly because they do not have a strategy or do not execute it properly. Do you think you got it? Let's see
It takes few hours to test a strategy throughout a year of historical data. Reality is 8 out of 10 strategies fail to produce profitable backtesting-results.
If you are smart enough, you should realize that the odds for you, to be on profit, with a strategy that cannot prove to be profitable for at least a year of backtesting are close to zero.
See what works and what dont.