All language subtitles for TraderFXBuchacali 001 - 1

brief introduction to back
testing. Now in the next video

but if you're testing and
you're seeing how effective it

you can make overall and the
different win ratios and time

between trades, all of these
things that you should expect

So that will be a nice wrap up
to this section. So before we

because you're not reviewing,
you're not back testing, you're

testing process and you know
how to track all of the data

then going to look at how to
track your testing. When you

about the process for the other
type of back testing which is

most out of your time testing.
After we've spoken about the

things like that. So let's get
into it. Thank you for watching

actually going to be a lot
easier to do which is going to

is to stay streamlined and keep
tunnel vision then that's

I think are very beneficial.
Some people know only of one

different ways to back test
that I personally use and that

way and the majority of people
don't know any or don't

this does is actually shows you
if a strategy works. It builds

much needed confidence.
Confidence is very important in

collect months or years of data
in a short space of time. What

see how effective your approach
is over the long term. So, how

previous effectiveness of your
strategy, you're just diving

previous seven chapters of this
course within the markets to

We go back into the past, look
at previous months, previous

strategy as well. It's easy to
stray way and make bad moves

that we can be doing and the
different ways that they're

into the market and back
testing actually allows you to

weeks, and previous years of
price action and test the

should be well on your way to
actually begin back testing at

different types of back
testing. There are a few

trading plan need refining and
if it doesn't building some

about a things. First of all,
we're going to talk about the

many wins you get, how many
losses you get, how much profit

with our strategy as we just
spoke about. If you don't

reviewing past price data to
test your strategy and rules.

get into any of that however we
should just quickly talk about

what is back testing. Well back
testing is the process of

a professional and very very
efficient and effective level.

within your trading. We'll
conclude it all there and you

bring back testing into a daily
routine where a weekly routine

because the last thing you want
to do is put in loads of work,

together in the previous
chapter is a successful and

actually need to see whether
that trading plan you put

work, psychology work and other
things that you need to do you

processes and from there we
will talk about how you can

review and how you actually
benefit from your testing

going to cover two of those
three and from there, we're

we are going to talk about the
different types of back testing

put in loads of hours, and
actually get nothing out of it

this section within this new
chapter we are going to talk

going to help you. Which order
you should be doing them in and

Doing these three different
types of back testing that

we're going to talk about is
going to give you a full range

be profitable for you in the
long run. So that's just a

strategy is so that when you go
to live trading you can do that

know all of that, you know how
to actually go through the back

process for back testing one of
these methods. We'll then talk

of things allow you to get the
most out of the market and the

profitable trading plan. So
that is what chapter eight is

the market and it keeps you
aligned with your trading

you're looking for and you know
exactly everything is going to

backtest, you have no knowledge
on previous data and the

trade live? Well, first of all,
we're going to be out of tune

need to get some experience and
more importantly you've

successfully with ease and
without any stress. So within

work. So, why should we
backtest? Why shouldn't we just

so that when you go to trade
live, you know exactly what

strategy and test the rules
that we actually built in the

confidence and building some
knowledge on how effective your

all about. In this chapter
we're going to be going through

going to be the video after
we've been through the

not reviewing a not benefiting
from your testing. So that's

that you found within it. We're
going to look at how you can

three major ways to back test,
we're going to look at the

actually back test at all. Back
testing is really important.

results to actually see is your
strategy successful? Does your

the different types of
technical work, risk management

mindset and risk management and
you've actually put all that

course now. You've learnt
technicals, you've learnt

the process of testing your
strategy and testing your

put together and now that you
have a good understanding of

point for your success. But now
that you have a trading plan

together into a trading plan.
That's a wonderful starting

Now you've been through the
first seven chapters of the

Hello and welcome to chapter
eight of the trading course.

and I'll see you over in the
next video.