What is Forex Backtesting?

Forex backtesting is a kind of trading strategy that is based upon historical data where the traders utilize past data to find out how a strategy would have performed.

It is done using backtesting software where a set of various technical rules are applied to the historical data of price. After that, a detailed analysis is done of the returns that a Forex strategy might have generated during a particular period.

Comments

Bullish Flag chart patterns.

Implication A Flag (Bullish) is considered a bullish signal, indicating that the current uptrend may continue. Description A Flag (Bullish) follows a steep or nearly vertical rise in price, and consists of two parallel trendlines that form a rectangular flag shape. The Flag can be horizontal (as though the wind is blowing it), although it often has a slight downtrend. The vertical uptrend, that precedes a Flag, may occur because of buyers' reactions to a favorable company earnings announcement, or a new product launch. The sharp price increase is sometimes referred to as the "flagpole" or "mast". Figure 7: Flag (Bullish) The rectangular flag shape is the product of what technical analysts refer to as consolidation. Consolidation occurs when the price seems to bounce between an upper and lower price limit. This might occur, for example, in the days following a positive product announcement, when the excitement is starting to subside, and fewer buyers are willin...

How to live easily? Learn to simplify

Probably, every person has experienced a feeling of complete hopelessness, a state of despair, depression, and meaninglessness of their existence at least once in their life. In such moments, usually, the hands drop by themselves, nothing wants to be done, and nowhere wants to be gone. Familiar? These thoughts visit each of us at certain moments in life. And the question arises: what to do about it? How to get out of this state safely? With ease! 1. There is nothing harder than becoming lighter. Have you ever met people who easily handle their problems, are cheerful, energetic and full of joy? You probably thought that ease is an innate quality of their character, and that it is impossible to intentionally become the same way. But in fact, being happy also requires practice. The ability to be happy requires training. It is a conscious choice of a person. It is not easy, but it is possible. It consists of acquiring the ease of being, the ability to detach oneself from problems. ...

The secrets of Elon Musk's success

Work like you're in Hell" Elon Musk often works from 80 to 100 hours a week. Excessive persistence greatly increases the chances of success. If others are working 40 hours and you are working 100 hours, in 4 months you will achieve what it will take them a whole year to achieve and you will be at an advantage. "Explained by Musk." Take risks in your youth. Musk advises taking risks, especially while still young. He explains this by saying that as one ages, the number of responsibilities increases, so it's best to take risks early, while there is still no family and children. Be kind. Tesla and SpaceX. Elon Musk earned $180 million by selling his startup PayPal. This money was enough to buy a house and live securely for the rest of his life. But Elon Musk invested this money into his next companies: Tesla and SpaceX. 100 million dollars in SpaceX. 70 million dollars in Tesla. 10 million dollars in Solar City. Don't be afraid of failure. It is interesting that...

Allabout

Search This Blog