ilmscore | Trading Strategy Testing Predictions
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Recent Predictions

Total: 4
Correct: 0
Incorrect: 0
Pending: 4
Unrated: 0
Prediction
Author
Predicted at
Status
Video
To avoid trading an unprofitable strategy, it must be tested through backtesting or forward testing (e.g., 3-6 months on a demo account) before using real money.
"so the solution to this is whatever strategy you're trading if you haven't tested it do not trade it..."
Apr 1, 2022
Pending
Backtesting involves applying a rules-based trading strategy to historical data, specifically the last 100 trades on a currency pair, to assess its past performance.
"literally back testing is nothing more than having that rules-based approach a whole strategy that's..."
Dec 31, 2020
Pending
Ignoring advice to backtest trading strategies and create a plan will prevent success.
"If a professional trader... tells you do not take and trade this strategy blindly go out and test it..."
Aug 1, 2018
Pending
It is crucial to test trading strategies on a demo account to assess if personal time constraints (due to jobs or other activities) are compatible with the chosen strategy.
"You should still wait and actually open a demo account first to make sure that your time constraints..."
Jun 10, 2017
Pending