Quote from: sarmrakib on Today at 09:52:10 AM

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.

Its a practice that you are doing before enter on the market. Live market is always tough to read. Its all about analysis, emotions end everything. Which actually not Work when you are on live trading. It is necessary to test your particular strategy before you enter on the market to understand if your trading are profitable or not. The live market isn’t same as you are doing it on demo.if you have enough confident after back test your strategy it could be increase your chance to make a positive entry and exit with a good amount of profit. Backtesting isn’t give you guaranty that you will win the trade but surely you will have a good idea.

It's a good way to go into VR mode, basically.
But then, the reality still awaits for you to make the real move and profit from it (or be rekt Grin

).