Freyr_Fx

IMPORTANT  POINTS  TO  KEEP  IN  MIND  AS  YOU  BACKTEST  TO REFINE YOUR  EDGE: Backtesting is unquestionably one of the best habits a trader can cultivate and employ to sharpen his edge and shorten his lengthy road to success. Backtesting boosts your confidence especially  when it comes to   executing trades. 1- When your setup forms: In order to become a great forex trader, it is completely inappropriate to constantly go to your chart and search for trade chances, as doing this will lead you to overtrading. Designate a specific time of day to visit your chart and search for setup that comply with your model checklists For instance, I am an ICT student and I use @speedouFx 's London Model. According to the teaching of the model, we were taught to start looking for entry around 3am Newyork local time and close positions or set BE at 5am. Notice this point while backtesting and ✍️ journal it. 2-Chart pattern recognition: Chart pattern identification during backtesting is very important. Master your entery signal and train your eyes to spot it even without the help of indicators. 3-How long your setup takes before it delivers: It is equally important to take note how long does your setup take before it either delivers or fails. Knowing this will help you avoid taking trades that might likely fail. And you can only know this via backtesting and studying your journal 4-When is your setup likely to fail or deliver? What signature does it provide? Knowing the specific signature that your setup gives whenever there is high tendency it might deliver or fail is very crucial. Intimating yourself with this idea will boast your confidence while taking trades. How many days does your setup form in a week ? Knowing this will also help you to notice and avoid trading some specific days of a week. Backtesting helps you know this.