The Essential Forex Trading Skill That ANYONE Can Learn
You live in a fantastic time to trade Forex.
When I first started trading, the only reliable source for trading strategies was very expensive trading books.
Now there's no shortage of good trading strategies available on the internet.
While this is great news for traders, this also creates a very serious, and extremely common problem…
Trading system hopping.
Traders learn a new trading strategy from a YouTube video or blog post and immediately start trading it in their full-sized, live account.
When they aren't making the 300% per month that they expected, they proclaim that the strategy doesn't work and they move on to the next strategy.
They will jump from system to system until they run out of money, or they finally decided to do things the right way…
The first step is to learn how to backtest Forex trading strategies.
The reality is that most new traders simply don't know what to expect from a trading strategy.
Backtesting shows you exactly how a trading strategy would have performed in the past and therefore how likely it is to perform well in the future.
If a trading strategy never worked in the past, then there's a very, very (very) low chance that it will magically start working in the future.
On top of that, backtesting shows you what to expect in terms of average monthly return, worst drawdowns and much more.
Here's the best part…
Anyone Can Learn to Backtest
Some people think that the only way to backtest is to create a computer program and do an automated backtest.
That's simply not true.
Anyone can backtest, you don't need to know programming.
All you need are a few simple tools and you can find out if that trading strategy from the last YouTube video you watched really has an edge or not.
Learn the Free AND Paid Solutions
Wait, there's more…
You can backtest with both free and paid software.
The free options will save you some money, but it will take more time to do a complete backtest.
If you go with the paid options, then you'll save a lot of time, but you obviously have to shell out a few bucks.
They will both give you the same result.
Regardless of which one you choose to use, the StrategyEVO Program will show you how to use both.
Get step-by-step instructional videos on how to setup each option and get the most out of each.
Learn How Professionals Backtest
A lot of the backtesting videos on YouTube make so many mistakes that it's not even funny.
If you rely on the information that you get from their backtests, there's a very high probability that you will lose money.
When you take the StrategyEVO Program, you'll come out with a complete understanding of how professionals backtest and how to avoid common mistakes.
For example, many people say that you need to have a minimum of 100 backtesting trades to prove that a trading strategy works.
Another common myth that's circulated by people online is that you can backtest a day trading strategy properly with TradingView.
If you want to learn why, take the StrategyEVO Manual Backtesting Mastery Program…
What You'll Get in the Program
The StrategyEVO Manual Forex Backtesting Mastery Program features:
- 2 hours of video instruction
- Trading strategies for you to test
- Everything you need to learn the valuable skill of backtesting
Module 1: The Essentials of Backtesting
Lesson 1: Why Backtesting is Essential to Trading Success
In this lesson, I go through why you need to backtest and the extremely valuable information that backtesting gives you.
Most new traders don't know this information and that's why most new traders fail.
Lesson 2: The Best Backtesting Tools
Now you need some tools.
I'll save you the time of researching all of the options on the market and give you the best free and paid software solutions for backtesting.
Module 2: Learn the StrategyEVO Backtesting Process
Step 1: Create Your Trading Plan
In order to do a legit backtest, you need to have a complete trading plan. Many so-called trading plans on the internet are missing one or more key components.
Learn how to create a real trading plan here.
Step 2: How to Setup Your Tools
Now that you have a trading plan, it's time to setup your tools. It can be confusing to setup your tools for the first time, but don't worry, that's normal.
The complete tutorial videos in this program will show you the step-by-step process of setting up both the free and paid software tools.
Step 3: How to do a Backtest Step-By-Step
Once your tools are setup, it's time to do a backtest. I'll show you all of the steps and how to avoid the common mistakes that beginners make.
This method will give you the most reliable results.
Step 4: Analyze Your Backtesting Results
After you've completed a round of backtesting, you need to look at the right metrics to figure out if your testing was successful or not.
Many backtesting platforms actually don't give you enough data to figure out how good a trading strategy is.
This lesson will show you how to analyze your results, regardless of which platform you're using.
Learn how to analyze results in Excel, in backtesting platforms and find out which platform has the best analytics.
Step 5: What to do After a Backtest
It can be tough to know what to do after you've completed a round of backtesting.
- Is the result good enough?
- Can it be improved?
- Should you start trading the strategy?
- Should you optimize it?
This lesson will show you the 3 general types of results you'll get and what to do in each situation.
Module 3: Backtesting Resources
Resource 1: More Strategies to Backtest
If you want more strategies to backtest, these simple strategies will give you more to work on.
Get more practice and work through the complete process.
Resource 2: How to Semi-Automate Your Backtesting
Manual backtesting can take a lot of time. These tips will help you speed up the process without any coding.
Learn the little tips and tricks that can make you a master backtester.
Resource 3: All Recommended Resources
This is a list of all the resources in the course. Get the best software, spreadsheets, online tools and more.
Resource 4: How to Become a Professional Backtester
Once you learn how to backtest properly, you can join our new backtesting platform.
Find out how to get paid to help other traders backtest trading strategies.
Resource 5: Hire a Backtester
If you don't have the time to backtest all of your trading strategies yourself, find out how you can find a backtester to test for you.
Benefit From My 15+ Years of Backtesting Experience
It's been the most important technical skill that I've ever learned in trading because it allows me to verify if a strategy has an edge or not. Backtesting also allows me to potentially optimize a trading strategy.
I've seen many different backtesting styles and trading strategies, and I've learned many shortcuts that can save you time in the backtesting process.
So join me as I take you through the process, step-by-step. This has helped more traders become consistently profitable than any other process I know of.
Frequently Asked Questions
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