What's the most effective way to back test a discretionary price action strategy

Hello,

Does anyone know a program where I would be able to back test a price action strategy using past data before I demo trade.

Thank you,

If you’re using a discretionary approach (which your title states), then you have no choice but to download a trading platform of your choice such as MT4 or MT5 along with as much historical data as you wish (available from the data history tab in MT4). Once it is all loaded up, and you are happy with the sample size of data which you now have in your charts, you can begin the ambiguous task of testing your ideas to your hearts content.

Hi Imccormick,

I’ve used forextester 2 in the past, which runs like mt4 and uses historical data, with a play/pause/rewind function. Really the only way to test with discretion imo.

Cheers,

JN

The best way to backtest is to forward-test.