ilmscore | Tutorial [Forex Trading] How to backtest a trading strategy

Predictions from this Video

Total: 5
Correct: 0
Incorrect: 0
Pending: 5
Unrated: 0
Prediction
Topic
Status
The speaker intends to demonstrate the process of backtesting a trading strategy by applying specific rules and recording the results in a spreadsheet.
"I'm just trying to show you how you would test a specific set of rules in a strategy and put them into a spreadsheet"
Trading Strategy Backtesting
Pending
A trend following strategy is proposed: after breaking below structure and a swing low, sell at the 618 Fibonacci retracement with stops above previous structure and targets at a 1:1 risk-reward ratio.
"what we could do here is create some kind of trend following strategy, so we broke below closed below this previous wing low right here and since we did that, we can say alright ill take a fibanachi retracement from swing high to swing low and i will sell the 618 retracement every time the market breaks below structure and retraces up to the 618 i sell with stops just above previous tructure and targets as before at about a 1 to 1"
Trend Following Strategy
Pending
Suggests testing different profit-taking methods for a strategy, including targeting previous structure levels instead of a fixed 1:1 risk-reward.
"You could go through the markets and try out and test it with 100 trades and see what happens and you could also test different ways to take these profits, instead of having to take it at 1 to 1 you could take it down here at a previous structure level"
Trading Strategy Profit Taking
Pending
Discusses varying entry points for a strategy based on aggressiveness: selling at the 50% retracement for a more aggressive approach, or the 78.6% retracement for potentially better risk-reward.
"for the entry ou could be a little more aggressive with it and say the market doesnt always come up to the 618 so maybe i want to sell at the 50 percent retracement or you could be a little more conservative and say well i get a way better risk reward if i sell at the 786 right here"
Trading Strategy Entry Aggressiveness
Pending
The speaker plans to release future videos covering advanced harmonic trading patterns such as the Butterfly, Bat, Gartley, and Cypher.
"Pretty soon i will also be doing some videos on advanced patterns. The butterfly, the bat, the gartley and the cypher pattern."
Advanced Trading Patterns
Pending