If you have been following this blog for awhile, you have seen that I have been trading strategies that involve stacks of orders. If you haven’t been following, then now you know.
The primary issue with this has been with backtesting. It previously took a long time to backtest a stacking strategy because of all the orders that needed to be entered per trade. It needed to be done so I did it but I really had to be in the zone to get a lot of testing done.
Sometimes I have gone so far as to not actually put in all the orders and just do a visual inspection of the results. Well, those days are gone!
I was debating if I should buy the order stacker for Forex Tester and I finally did it! This script was designed by a programmer and made available on Rob Booker’s website.
It has made a HUGE difference in the amount of backtesting that I am able to do. Here is a quick video showing the program in action. It is putting in 10 positions, 5 pips apart. This would ordinarily take me at least a couple of minutes, but this script does it much quicker.
In addition, if I have to setup the same trade again, I just push the button again and it enters the last stack again. This is only of use if you stack positions, but if you do, man is this a lifesaver! Here is a quick video:
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Hi Hugh!I really enjoy your site! Your letters about backtesting are very practical. I'd like to get precise description about setups that you mentioned above. (london trade, squeez boox, etc), but the topics are closed. Could you send a short letter (or book) with setups? Im reading trading books but i dont know good setups for trading, unfortunatelly. Booker speak about psychological aspects of trading but never show setups only I pay for them.Thank You!Kind regards!Tom Pallagi from Hungary pallagi68@gmail.com
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