backtesting* you can backtest trading strategies based on technical indicators and see the hypothetical profit & loss (p&l) performance right on your charts. the charts offer “strategies,” which are simulated long and short entry and closing points determined by a technical indicator. you can even code your strategy. that’s beyond the scope of this article, but here’s how to get started to try out backtesting:go to studies in the upper right and select the edit studies icon at the upper right.in the window that pops up, choose the strategies tab.on the left, you’ll see a list of default strategies. to make a strategy engage, you need to add commands that’ll show both “long entry” (le) and “short entry” (se) at a minimum.for practice, you can look for the bollingerband sle and bollingerband sse strategies. those are the long-entry and short-entry commands based on bollinger bands. double-click on each one and it will be added to the list of studies and strategies in the main body of the edit studies and strategies window.select apply in the lower right corner, then ok.
Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
If you enjoyed what you read here, create your account today and start earning FREE STEEM!