The Importance of Backtest and Rehearsal for Better Trading
Most of you have heard of the term “Backtest”, but allow me to correct your understanding on this… pertaining to your trading.
To backtest is basically to check how a method works based on past data. However, do you know the correct way to backtest and rehearse a trading strategy?
Backtesting isn’t simply about “Strategy Tester”
Backtesting isn’t simply about “Strategy Tester” in MT4, which most of you might be familiar with. It can be done on any trading platform – and even Binary traders should do it. Backtesting can actually give you a lot of information that will help you in your usage of a new or existing strategy, and give you powerful insights on how to do it better.
I’ve made an informative 14min video to help you understand this and give you ideas on how to get started applying backtesting and rehearsal into your trading. This is something that I highly emphasise in my trading groups.
Watch the video here:
About my trading group
Okay, now let’s talk a little bit about my trading group. The Binary Lab is a Facebook group where I do live trading sessions as a lead trader. As a member, you can follow my trading screen and you can trade also. In the meantime, I always post recorded webinars inside the group so my members can watch later.
And the another best part is, You can trade in your custom timeframe whenever you want. In case if you are from a different timezone, that is no problem. Just follow my video teaching and you will be able to trade in your preferred time.
Trading time is not fixed. It depends on the high impact news releases. But I always post the trading time before 1 day inside the group. It is not mandatory to join the webinar. Once you learn strategies, You can trade individually whenever you want.
If you have any questions or query, please send a message to our official facebook page of The Binary lab. Please click here to send a message.