Today Andrew Lockwood is going to teach you the most important trading lesson of your life. It also happens to be the most boring trading video you'll ever watch. Being a successful trader isn't about having fun, it's about treating it like a real job. And just like real jobs, trading involves boring bits that are incredibly important. 99% of traders fail because they don't have the discipline to get through the boring parts of trading. Backtesting is one of those incredibly boring parts, but it is also absolutely crucial to trading success. By backtesting you can gather data on your trading strategies and see how they perform over long periods of time. You'll also develop a deep understanding of the trading strategy by backtesting it thoroughly. In this video, Andrew Lockwood will show you how to backtest a trading strategy both manually in MT4 or using backtesting software like Forex Tester 4 or Forex Tester 5.
00:00 - Introduction
00:34 - Backtesting Explained
02:54 - Why Do We Backtest?
04:48 - Backtesting in MT4
08:53 - Backtesting in Forex Tester 5
12:22 - Outro
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