Experimenting with Different Parameters

Test the performance impact of using different parameters to refine your strategy.

Step 1: Navigate to the Backtest Report

Select a strategy name from the Test page to access the Backtest Tools, or run a backtest directly from the Build page.

Step 2: Experiment with Different Actions

To ensure you have selected the most appropriate trade, try using either a Buy or Sell action to see how this impacts your win and loss percentages.

Step 3: Experiment with Profit and/or Stop-Loss Targets

Refine your stop-loss and profit targets to achieve the best historical performance. For automated trading, the most effective way to manage open positions and risk is to activate stop-loss and take-profit orders as part of your exit strategy.

• Stop-Loss Order: Helps you define your risk ratio and the maximum amount you are prepared to lose on a single trade.
• Take-Profit Order: Helps circumvent the human trait of greed by locking in profits on short or long-term price moves.

Step 4: Experiment with Different Timeframes

Different timeframes will significantly impact strategy performance. Check which timeframe is most profitable for your strategy, noting the number of trades executed.

Statistical Note: Most statisticians agree that a minimum sample size of 100 trades is required for meaningful results. If your strategy has fewer than 100 trades, the results may not be reliable.

⚠️ Disclaimer

Please remember that past performance may not be indicative of future results. Different strategies involve varying degrees of risk, and there can be no assurance that future performance will match the backtest.