Quote from: milewilda on October 28, 2024, 09:58:16 PM

Quote from: Asiska02 on October 28, 2024, 03:37:49 PM

Quote from: Kevystia on October 24, 2024, 05:16:21 AM

Backtesting is a crucial tool for me, as it provides valuable data on the potential performance of my strategies before applying them in real markets. It allows me not only to optimize my strategies but also to manage risks and increase my confidence in my trading decisions.
I recommend doing backtesting at least twice a week, even if you are profitable; it is a very powerful tool.

Since I learnt about trading, I have never back tested to know the strategy I’m using is okay or not. What I do most is forward testing and I can still know my mistakes when the market later plays out. I have seen many people back testing and using it as a very powerful tool for them to know the direction of the market using pst historical trend in the market. I see that it is an essential tool for most traders but since I have not tested it, I cannot ascertain it is for me. You as a trader must have gotten use to it and just want to be sure if it’s working for others. It is very important to know that what you see works for you may not work for others, it depends on how each person perceive the market and can tell the direction of it.

If you are a trader whose that been able to get engaged with forex or stocks trading then back testing is really that something that you cant missed specially if you are a full time trader or even that short term period then you would definitely be trying out to touch up this kind of strategy and this is something that very useful i should say but in speaking or talking about volatile market of crypto then backtesting i somewhat
utterly useless. Why? Movements of prices are really that too random and could really be able to mess up on whatever that you have done but having some strategies or analysis is much better
than to those who doesnt have. Right? If you do find out that this is something relevant or useful on your part then it will really be that ideal on including it into your analysis rather than on having nothing at all.

If it brings results - use it, basically.
If it isn't worth it - leave it. And don't invest your time into it.
Have an edge in something that brings you profit, it least try to Grin