Backtesting is one of the best ways to improve your trading results.
When you know exactly how a strategy has performed in the past, that will give you rock-solid confidence to take trades.
You'll also have statistics that you can reference to figure out how to improve your strategy, and you'll understand when your strategy has stopped working.
But what stops many new traders from backtesting is that they totally overcomplicate the process.
They think that they have to get the most complex software and test every single variable in order to get the perfect strategy.
That's simply not true.
First of all, there's no perfect strategy. All strategies have strengths and weaknesses.
So the best strategy for you will be something where you can live with the downsides and enjoy the benefits.
Backtesting will help you figure that out.
Who This Backtesting Spreadsheet is for
There are 2 types of traders who will benefit from this spreadsheet:
- Brand new traders who want an easy way to get started with manual backtesting.
- Experienced traders who want to test new ideas quickly, with the least amount of data entry.
Watch this video before downloading the spreadsheet. It will show you exactly how to use the spreadsheet and what to enter into the fields.
You'll also see a demonstration of how to use the spreadsheet right next to your chart to record results quickly.
This spreadsheet is super flexible and can be used to manually backtest any trading market.