Backtesting Secrets Revealed Part 6-jcuv是什么车

Business Backtesting Secrets Revealed with The Ultimate Trade Analyzer Part 6 To obtain your free backtesting software, The Ultimate Trade Analyzer Simple, and follow along, visit .ultimatetradeanalyzer.com/simple-download. For more free day trading educational webinars visit .netpicks.com/learning-center/training-webinars. Follow along with the webinar recording here: .www.netpicks.com/trading-tips/webinar-recording-backtesting-secrets-revealed-with-the-ultimate-trade-analzyer/ SST for people who originally purchased the UMT? Yes, Robert, we always take care of people who are members. There’s a family discount for the SST, definitely. What happens if you lost US to attend your training room? Well, you get to log in over the internet. So you just have to get the times right. I mean all the times they gave you are Eastern Standard Time but you log in, you definitely attend from the comfort of your own home, right over the internet. I’m going to project out charts, I’m going to call out trades, we’re going to answer questions, you can react with the other traders. It’s a pretty cool environment, a lot of successful traders in there. You know, one quick way to success is surrounding yourself with successful traders. That’s one of the benefits of a live trade room. I like to get SST but not sure about your trade room as I am based in Australia. Can I send you email for further — yeah, you can send me an email. Hopefully, I just answered your question. Obviously, you’re going to get up at a bizarre time. It may not be comfortable for you but you could do that while you’re training. And then once you get the SST mastered, you know, you may not need the trade room anymore. You’ll be able to make that decision when you’re ready to make it though. Doug, I was referring to how many months or years to back-test to get 99% accuracy. You know, Doug, if you’re swing trading, it still boils down to the number of trades, you know. On a weekly chart, I’m looking back 10 years because that’s about the limit that I get from TradeStation, on a daily chart I found five years is pretty good. You could go back 10 years, but if you’re manually back-testing, you’re going to learn so much anyway. And markets change. I mean the back-testing you’re getting from 10 years ago may not really mean much today. One cool thing about the SST is it’s always dynamically tuning itself to market conditions. You don’t have to relearn the system. I mean back in ‘99 and year 2000, I was trading.com companies that don’t even exist today. And some of them do exist but they’ve been flat-lined. So do you think it’s going to really help me if I have all that data in the UTA? It won’t. You have to take it with a grain of salt. What you’re really looking at are those stability indicators. When you get up around 100 or so trades, you start seeing that stability graph flatten out. That’s when you know you’re getting close to having good data and where you can rely on the results. Does that make sense? Hopefully, it does. Macros enable problem solved. Cool. UTA looks pretty impressive. I recognize a huge amount of work it represents. Yes Doug. But the work is only beginning because now you’ve got to do the work to put it in, but that’s how you’re going to benefit, you know. You invest in yourself; it’s the best investment you could ever make. You’re going to really learn how to trade by using the UTA. I do broad auto — automation to find the ballpark then I’ll go through the manual, instead, to fine-tune. Yeah. Awesome. That’s what I recommend also. What sort of price range is the SST? SST is pretty inexpensive. I mean, gee, we made — we made back the SST in the last two days of trading crude just in the trade room. It sells from anywhere from, I want to say, $1,300 to $1,800 but I think that there maybe a pretty cool promotion at the end of the year. I’m not sure yet but if you’re a family member, if you own another SST product, it’s even cheaper. But I mean, gees, training courses that come with this kind of power sell for between $5,000 to $10,000 from all our competition. They’re not nearly as effective or as good as the SST or the training you get. So I mean it’s a no-brainer no matter how you look at it. In my opinion, of course, I might be a little bias since I am the author. When is the link for SST Pro coming out? Well, right around the live training is when we’re making that available. So early this week coming up, probably over the weekend or Monday morning is what I’m guessing. By and large, longer period is better. Doug, yes, I agree but remember, you still have to put it in context because of how markets do tend to change over time. Like maybe put more weight on the more current trades versus the ones that happened a long time ago type of thing. But you know what? You want your system to hold up through thick or thin and through various market conditions and so, you know, not only are you looking at a longer period of time but you might want to look at different timeframes like look at a tick chart and the time based chart and come up with the best duration of timeframe on your chart, you know. That’s a whole another discussion but it’s definitely worth thinking about and looking at, but the UTA will help you with that. Thanks very much for your presentation and the free UTA. You’re welcome, Ronald. I’ve been using UTA in Forex in order to get stats on different pairs. Where do you enter? Okay. Tony, let me show you something. Let’s say you want to look at the Euro-US. You’re going to open up — let me get to the UTA Lite version. You’re going to open up UTA Lite and then you’re going to go ahead and save as. So let’s say we want to test the Euro-US and you want it to be an end of day chart. It doesn’t matter, but you just save it as. Okay? So there, I saved it as. The next thing I’m going to do — well, let it save, okay — is I’m going to use this really cool button here that says clear log. When I click here at clear log, it’s going to ask me, am I sure I want to clear it? Yes. Are you totally sure? Yes. Guess what, now we have a totally blank data log and a brand new sheet. Remember, we’re not going to start entering in 29, we’re going to start entering in row 30. Up here on the change to symbol, the EUR USD, we’ll do a five minute chart and we’re going to say that we’re going to do full size lots. So every pip is worth $10. If you want to do mini lots, then you can call every pip $1. It’s up to you but that’s where you set it, right up here on top. And now you’re ready to go. What if you don’t want to enter decimals? You can change that. You can set the decimals to zero. So let’s just say you put in a date for a trade. We’ll just do one. Afternoon. I don’t know what it is but let’s just say we enter it at 11:00 a.m. and we’re getting along at — let’s just say we’re getting along at 3442, 1.3442, but I’m not going to put the 1. in there because I just assume not type in those extra digits if I don’t have to. That’s why I set it to zero on the decimals. I’m just going to put in 3442. Now, what if we get out 10 pips later at 3452? Well, let’s say we get out 20 pips later at 3462. There is my exit. And we’re going to call it a basic trade but you can label it whatever you want. There it is, you made 20 pips right there. If you wanted to do two positions, you can just copy and paste this like that. And let’s say your trailer got out at 3483, 3483, boom. There, it made 41 pips, your total trade made 61 pips. That’s it. And you can go ahead and back-test. That’s how you do it. It’s really quite simple. This is your trade log. You could not only back-test but when you’re done back-testing, now you could practice trade in the same account to see if you can get the same results you back-test it, all the while putting in the trades. So you’re back-test becomes a forward test. And you could use this test to monitor your results to make sure they hold up. And then when you start trading real money, same thing, you keep putting them in your log and you build up a big database of trades. You are going to learn more from doing this than anything else you could ever do trading, in my opinion. And I’ve been doing this a long time. That’s why we created this tool. This tool came out from the need to have this tool. To have this kind of information, we had to create this tool so we did. You know, as a live trade room host, it’s not easy living on the right edge of the chart and having to call trades and having every person in that room hanging on my every word. I mean I need to have tools, otherwise, people are going to lose their money. I can’t say every single trade I call is a winner, it’s not. But I’ve learned how to lean on my system and put together a long term winning track record. If you just trade responsively and correctly, you benefit indirectly from these tools that I’m using. Well, you could use them now. You could benefit more directly yourself also. But the point is, is that without tools like this, you’re like everyone else just, you know, swinging in the dark, walking down the street with the black hood over your head. That’s what trading is. This shines a light. It gives you a glimpse. That’s what you need to put the odds in your favor. Let’s see a couple more questions and then we’ll wrap this up. Afshin, SST Pro cost $90.97 for new ones. Okay. Good. He just bought it so he should know. I’m not really on the sales side, you guys, I’m more of the teach-you-how-to-use it side. How much money can I make on average using UTA? Well, gee, Sam, hard question to answer. Instead of asking how much money you could make, or answering that, I could just say that the odds of you succeeding as a trader dramatically increase. How is that for an answer? Allan Dyer says no way to download and he left the room. Well, hopefully, he figured it out. He’ll get an email anyway. I think doing the optimization management and the UTA will take care of the optimization date range. Okay. Yes, you’re right Doug. So you got to use a different sheet for each pair. Tony, again — all right. Here’s another good question. First of all, you should use a different sheet for each pair because then you’re going to get all the really great statistics for each specific pair. But you can also be creative. Let’s say you want to compare five pairs. You can label your setup type for each pair as long as you’ve got the dollars per pip equal, okay. That’s the other thing you have to remember. So if you’re doing all dollar-based pairs, you can have each pair — each pip for $10. You can change. You can go to edit and you can — instead of having B for basic, you can set that one for the EU. You can set that one for the pound-dollar. You can set this one for, you know, whatever else you want to set it for. The point is, is that you can label your trades based on different pairs and you can use up to five. But the dollar — you have to make sure your dollar per pip is equal, okay. Now, that will give you a different type of information that would be very interesting but you’re not going to be able to necessarily get — well, you’ll still feel the slice and dice because of the summaries. You’ll still be able to get cool results for each set of type because of your summary studies. So there’s a couple different ways you can go. So maybe that gave you an idea that might help you if you want to put the same — a few pairs on the same sheet, it actually would make for a real interesting result, you know, you get some good information out of that I think. Just like I use different targeting with the Silver ETF, you could also do this idea. You know, the setup type column is very powerful. It’s only limited to your imagination. I see a side question. When you are giving the market on the news, almost all our fixed pairs are in comparison to the US. What is the US itself relative to? Gold? I think it’s more relative to perception, Doug. I mean it’s not on the gold standard so no, not gold. It used to be. It’s all perception really, in my opinion. Tony, thanks for the heads up on that. You’re welcome. And that’s the last question everybody. We did it. And hopefully, it was an enjoyable experience for you. Let me just put this up one last time. Really great interview with author Anne-Marie Baiynd on December 13th. And hopefully you guys saw my email. But if you have any questions, here you go. You’ve got the [email protected] , you got phone numbers, you got the website, you can sign up for the live trade room, sevensummitstrader.com if you want an information on that. John says, “Can I see this webinar again if I missed a part of it?” Yes, you can. We have recorded it. So if you don’t get an email or follow up from us, you could always write back to us and request it. What else? What am I missing, guys? I think I got it all. Tony, “Very cool presentation. Thanks again.” You are very welcome. Doug says, “You moved fast and went through a lot of stuff. Experience comes before expertise even in the dictionary.” Yeah. Doug, well, I had to go fast. “You know your stuff.” Yup, thank you. Sounds like you’re a pretty smart guy too. The fact that you’re here tells me a lot. The whole idea is that you do have the recording to review this. I have to move fast because we have limited time and I have gotten 40 minutes over but it was worth it because a lot of great questions. Afshin, “Thank you a lot. See you in the trading room.” Yup, for sure. You’re welcome Jens. And all right, everybody. Well, thanks again. Enjoy your free UTA, enjoy the webinar on the 13th, take advantage of the UTA Pro. It’s literally going to cost you, you know, a ham sandwich in New York City. It’s worth it. And I wish everyone the best in their trading. And I’ll you all again another time. Asta la pasta and ciao for now. Stay tuned for the rest of this 6 –part series, or if you simply cannot wait, watch the entire webinar here: ..netpicks../trading-tips/webinar-recording-backtesting-secrets-revealed-with-the-ultimate-trade-analzyer/ About the Author: 相关的主题文章: