Lol finally. I'm sure there are some traders who would appreciate it if you could finish the previous series, I included. Either way this was great stuff Luke!
"A trading strategy is there to give you a statistical edge in the market if applied consistently. It is not a silver bullet that always works." -quote from video. Back testing helps us understand how often and why a strategy works or does not always work.
I hope you will go back to showing your live trading as before. I enjoyed how you'd stick to your trading plan whether you win or lose or missing a trade including your mistakes...
You videos are great and very informative, however would you be able to do a video ion choosing the right broker? There are so many to choose from and I can imagine for a small start up trader there are many pitfalls - broker fees etc. How did you land on your broker?
Hi, my advice when it comes to brokers is to choose one of the more mainstream ones. There tends to be a lot more reviews for the more widely used brokers so you can decide from the reviews if that broker is right for you. It's hard to give more advice than that. Your netter brokers will vary depending on what markets you are trading (different brokers will have better prices for different markets) etc. And it's worth remembering you aren't tied to a broker forever, if you choose one and don't like them just change to a different one.
Hi great video, thanks for sharing. I have a question, I can’t seem to find the answer on any of the thousand of videos I watched on back testing. My question is what time frame should I use to back test? For instance I stride to be a day trader and look to enter and manage my trades from the 5min time frame, should I use the 5min for my best testing or should I be using let’s say the H1 timeframe?
Hi Cierra, your question makes me think you don't have a well structured strategy as this would be something you would know if you did. This could be because you are back testing to build the strategy? If so, there's no right answer as to which timeframe you 'should' trade. Your testing should show you which works best 👍
@@DisciplinedTraderUK all gd too, growing my small channel small small in this hard period we r passing in. Started some live Sunday sessions, would be nice if u pop in. Beside that nothing to complain about. 😉
Just seen your video on backtesting from 15th Sept 2020. Do you offer a copy of the more complicated backtesting excel sheet? Nice work with the videos, very informative and helpful.
Hi Alan, that spreadsheet was completely custom made specifically to backtest that particular strategy. It would be very cumbersome to try and use it for a different strategy as there is a lot of formula in it that wouldn't work properly. I have had a few requests for a back test spreadsheet so I will make one available for people in the near future. I will try and make it as multi-functional as possible. I'll make a video about it once it's ready. I'm currently working on some much improved trading journals which could also be used for a back test too 👍
Hi Luke, I'm slightly confused about back testing. I'm just starting out in researching a future in trading. The questions I have is, I've not made any trades so if I use historic charts, do they not give you an extensive range of trading. Where do you start to back test if the whole day is there. Thank you.
It doesn't really matter where you start Bob. You want to find out how successful your strategy is over a good sample of trades. It's up to you how you achieve that to be honest. You could start from a particular year or month etc and go from there
Are you still trading, or has life got in the way :) I would understand if youre too busy, I help admin a trading forum and its so time consuming. I can only guess how long it takes you to make videos.
Hi Julius, yeah I'm always trading! I do a lot more swing trading than I used to which is a big reason why the day trading videos stopped. Yes you're right, the videos do take a good amount of time to make. I also don't like making a video just to upload something. I want them to be of a high quality and of genuine use. Hopefully that comes across!
Is there any platform that alows you to use replay button for free? Or at least platform that has timeframes like H12,H8, time frames between M 30 and M45, less than M1 etc. ?
![АЛАУДИНОВ у Скабеевой: эти их ВСУ нас НЕ ДОГОНЯТ 😁 [Пародия]](http://i.ytimg.com/vi/an0anqU4WGQ/mqdefault.jpg)
Lol finally. I'm sure there are some traders who would appreciate it if you could finish the previous series, I included. Either way this was great stuff Luke!
I know! It's been too long 🙈 thanks Yamkela, I will endeavour to get it finished 👍
Thanks a lot for the worthy information dude..
Could it be possible to have contact with you?? Where can I contact with you??
No worries Ahmad. You can email me at luke@disciplinedtrader.co.uk
"A trading strategy is there to give you a statistical edge in the market if applied consistently. It is not a silver bullet that always works." -quote from video.
Back testing helps us understand how often and why a strategy works or does not always work.
Exactly Howard. Having that knowledge goes a long way to helping you stay consistent in your application of that strategy too 👍
@@DisciplinedTraderUK How about sharing a template of your back testing excel you are using for the 3 methods please.
Good to see you back Luke, I was beginning to get worried
@DisciplinedTrader your videos are extremely helpful, and concepts are explained very well, thanks Luke!!!
Happy to hear that!
You're so organized it's very satisfying to watch lol! Thanks for another brilliant video!
Aha thanks! Glad you liked the video Lauriane 👍
@@DisciplinedTraderUK This video was really helpful, but how do you calculate in percentage's when trading?
Hi Tianna, the trading basics series might help you on the channel. You'll find it in the playlist section
Great content!😃
I hope you will go back to showing your live trading as before. I enjoyed how you'd stick to your trading plan whether you win or lose or missing a trade including your mistakes...
what a commitment! This is what a professional trader does behind the curtain. Trading sure is not easy.
You're right Keyfçi, it's not easy. But I think anyone who wants to do the boring parts of trading can find success
That's absolutely true thanks for your time and knowledge impacted 🎉
Thank You, this is very helpful 🙏🏾🌺💕
Glad it was helpful!
This was a wonderful video with great explanations! Thank you so much for this.
No problem at all Sechaba 👍
please do a video on smart money concepts
Yes please, Im new at trading and I really love your channel. I got the same picture framed star wars posters :)
hi can you do a short vid on funding and withdrawal from ACY Securities
Great videos man,,you have put a lot of work in ,,Thank you
No problem at all Mark 👍
You videos are great and very informative, however would you be able to do a video ion choosing the right broker? There are so many to choose from and I can imagine for a small start up trader there are many pitfalls - broker fees etc. How did you land on your broker?
Hi, my advice when it comes to brokers is to choose one of the more mainstream ones. There tends to be a lot more reviews for the more widely used brokers so you can decide from the reviews if that broker is right for you. It's hard to give more advice than that. Your netter brokers will vary depending on what markets you are trading (different brokers will have better prices for different markets) etc. And it's worth remembering you aren't tied to a broker forever, if you choose one and don't like them just change to a different one.
Did you finish the original series as it would be great if you did.
thanks for this video, could you please share your spreadsheets? i already make use of your journal for my trades and its wonderful
Hi Ayuba, great idea. I'll definitely look into doing that 👍
@@DisciplinedTraderUK thanks
Backtesting is very important. Could u share your spread sheets, for backtesting, Thanks Luke, great videos keep up the good work THANKS!!!!!
Hi great video, thanks for sharing. I have a question, I can’t seem to find the answer on any of the thousand of videos I watched on back testing. My question is what time frame should I use to back test? For instance I stride to be a day trader and look to enter and manage my trades from the 5min time frame, should I use the 5min for my best testing or should I be using let’s say the H1 timeframe?
Hi Cierra, your question makes me think you don't have a well structured strategy as this would be something you would know if you did. This could be because you are back testing to build the strategy? If so, there's no right answer as to which timeframe you 'should' trade. Your testing should show you which works best 👍
Thanks for this video!
Do you use some of backtesting software or just spreadsheets?
Advise me please
I use spreadsheets
its been a while my friend u didn t post any. hope all gd from your end
All good hear thanks Trading Shapes. Hope you're well too!
@@DisciplinedTraderUK all gd too, growing my small channel small small in this hard period we r passing in. Started some live Sunday sessions, would be nice if u pop in. Beside that nothing to complain about. 😉
Good to hear! Looks to be going well. Don't worry about the size, focus on the content and the viewers will come. Yeah I'll pop by if I can 👍
Just seen your video on backtesting from 15th Sept 2020. Do you offer a copy of the more complicated backtesting excel sheet? Nice work with the videos, very informative and helpful.
Hi Alan, that spreadsheet was completely custom made specifically to backtest that particular strategy. It would be very cumbersome to try and use it for a different strategy as there is a lot of formula in it that wouldn't work properly. I have had a few requests for a back test spreadsheet so I will make one available for people in the near future. I will try and make it as multi-functional as possible. I'll make a video about it once it's ready. I'm currently working on some much improved trading journals which could also be used for a back test too 👍
Is there anyway to get the 3rd excel sheet!
Hi Luke, I'm slightly confused about back testing. I'm just starting out in researching a future in trading. The questions I have is, I've not made any trades so if I use historic charts, do they not give you an extensive range of trading. Where do you start to back test if the whole day is there. Thank you.
It doesn't really matter where you start Bob. You want to find out how successful your strategy is over a good sample of trades. It's up to you how you achieve that to be honest. You could start from a particular year or month etc and go from there
@@DisciplinedTraderUK ok thank you.
What's the content of the third backtesting journaling you used?
Just an old back test I did
Speech pattern reminds me of Lord Baelish
😂😂
Are you still trading, or has life got in the way :) I would understand if youre too busy, I help admin a trading forum and its so time consuming. I can only guess how long it takes you to make videos.
Hi Julius, yeah I'm always trading! I do a lot more swing trading than I used to which is a big reason why the day trading videos stopped. Yes you're right, the videos do take a good amount of time to make. I also don't like making a video just to upload something. I want them to be of a high quality and of genuine use. Hopefully that comes across!
Is there any platform that alows you to use replay button for free? Or at least platform that has timeframes like H12,H8, time frames between M 30 and M45, less than M1 etc. ?
Not to my knowledge
@@DisciplinedTraderUK Okay thank you anyway.
im confused
You're the fool for doing all of that and then forgetting what strategy it was 🤦♂️😂