Forex Trading: Backtesting Advanced Patterns | Forex
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For the Live Room Access and memberships click here: http://www.tradeempowered.co.uk/london-live-room For the FX Basics course click here: http://promos.tradeempowered.com/fx-basics-course/ If you are interested in the 12 Week Transformation professional trading course, and want to be added to my personal Skype, email list and have access to added mentorship from myself during the course, Click here: https://t2t.isrefer.com/go/transformation_info/JG/ For the Advanced pattern trader course, Click here: https://t2t.isrefer.com/go/APT_Info/JG/ For the constellation Indicator software for Ninja Trader and MT4, Click here: https://t2t.isrefer.com/go/constellation_info/JG/ I do not personally pay attention to whether or not a pattern is in the trend or not as I trade every pattern I see that meet my rules. However I have had quite a few questions on this and how you can go about noting it down during your backtesting so I hope that those of you looking to add this to your backtesting analysis find this useful. You want to gather as much information at the backtesting stage as possible (even if its something you may not use in your trading) so it will allow you to develop an optimum trading plan to suit you! A great way to backtest advanced patterns whilst easily noting whether or not they are in the underlying trend move in the market during your backtesting.
Comments
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hey can u share your Excel file to backtest strategy please
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Jason, i want this excel document that you have, so i can just add my stats. Is this possible?? Thank you..
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what software r u using please , this totally not meta trader ?
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hi Jason,i am currently doing my backtesting on the cypher,bat and gartley on an hourly timeframe/currency.so basically one pattern/currency/timeframe...100 times.However,i ran into some issues when it came to historical data recovery of charts.Basically,i couldn't go far enough back to get data to do enough backtesting and now am stuck.Any advise?
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1.30 made me notice A LOT more patterns in the market. Such little information can make HUGE improvements, thank you!!
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what are the differences between the gartley, bat, butterfly ETC...?
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Useful tips Jason! Nice one. Cheers, Angelo
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this seems to also be good to learn how to create the bat pattern.. the more you find the better you will get at future finds and profits :)
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Hi Jason, why do I have to record entry price or initial stop loss price for example? How can I use this information when I'm done with backtesting?
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Boom!
Great video Jason!
Keep up the excellent work... see you in the "room" -
What risk/reward ratio you think should be the least that a cypher has to have to trade it?
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Hey Jason! Great video, thanks. Don't you think it's better to trade only the harmonic patterns that are in a support or a resistance? It makes it more probable to go on your favour. Right?
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Back testing at the moment, only taking bat patterns with risk reward greater than one, but it feels like I am missing out on other good opportunities with risk reward under 1:1. I Need to do some number crunching and see what I should do
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I do not personally pay attention to whether or not a pattern is in the trend or not as I trade every pattern I see that meet my rules. However I have had quite a few questions on this and how you can go about noting it down during your backtesting so I hope that those of you looking to add this to your backtesting analysis find this useful.