How to Backtest and Collect Data + Backtesting Journal

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In this trading tutorial, we are going to dive deep into backtesting and collecting data about your trading strategy. I will explain what is backtesting, why is it so important for traders and how it helps refine your trading edge.
We will talk about gathering trading data, so you can build a strategy that is backed up by data and statistics. I will give you some important data points to collect that will help you make effective trading decisions when trading in the live markets.
I will give you a backtesting journal template and how you how to backtest properly and log in your data, so you keep track of all your backtests and journal your trades.
I will also explain the importance of forward-testing the markets. Backtesting is just the data collection process, while paper trading allows you to experience your trading strategy in the live markets and learn how to execute your trading edge under the influence of emotions.
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DISCLAIMER:
This video expresses my personal opinion only. Trading the financial markets involves risk and is not suitable for all investors. Before deciding to invest in foreign exchange or another financial market, you should carefully consider your investment objectives, level of experience and risk appetite. I am not responsible for any losses incurred due to your trading or anything else. I do not recommend any specific trade or action, and any trades you decide to place are your own.
#forex #forextrading #tradingplan #backtesting #backtest #backtesttrading
Timestamps:
Intro 0:00​
Why traders struggle 00:33
What is Backtesting 02:07
10 Pieces of Data to Gather 03:26
What is Forward Testing / Paper Trading 09:03
Backtesting Journal 11:48
Disadvantages of Trading View Backtesting 12:50
How to Backtest on Trading View and Collect Data 15:17
Notion Backtesting Template Data 22:40
Backtesting on FXReplay 29:28
Wrap up 39:18

[@najmulabedin3821]

I love how you provide additional resources and further reading in the video description. It shows your commitment to helping us learn

[@TradingFanatic]

I am glad you appreciate the extra resources! Giving my best to help and provide as much as possible.

[@adewaleadebayo2030]

Big ups Iliya. You are so intentional about our growths and thats something i cant ever take for granted. Thank you so much

[@Shaygee11]

Thank you Iliya for the Video and the Notion Template. I like it better than my Excel spreadsheet since I can add more notes and screenshots for a single trade. Definitely going to use this backtesting method!

[@Bullsavages-on2rq]

Thank you brother for the spreadsheet sheet....been watching your videos and those weekly outlooks are really helpful

[@MIG_Trades]

Amazing tutorial! 🌟 Your guidance on How to Backtest and crafting a Backtesting Journal is invaluable. Thanks for simplifying a complex process and providing a very helpful backtesting journal. Much appreciated!

[@TradingFanatic]

Glad that you found it helpful! You are very welcome.

[@schneidertrades888]

Hi Ilya, Thank you for taking the time to make this video 🙂 (which was my suggestion) Can't wait to watch it... appreciate you.

[@TradingFanatic]

Thank you for the suggestion and I truly hope you will enjoy it! Let me know.

[@BernardReyes0801]

🥳 Thanks for reminding us the importance of backtesting and journaling and for the template and for always going the extra mile to be able to help us become better traders💙

[@TradingFanatic]

Let's goooooo!

[@revelationknow]

Thank you for always sharing your wisdom about the markets👌🔥🙏

[@rajivkumar2608]

Brother thanks a lot !!! Now a days I am following your KZbin channel more than my mentorship

[@TradingFanatic]

Glad to hear brother. If the channel is better than your mentorship, you gotta change your mentors ;)

[@Uksundae]

"Mind-blowing tutorial! 🚀 Your walkthrough on How to Backtest and the art of crafting a Backtesting Journal is incredible. Thanks for demystifying a complex process and sharing a game-changing backtesting approach. This will undoubtedly level up my trading game! 💡📈"

[@nighmarebaby3225]

Thank you for taking your time to make this video 🔥🔥🔥

[@saulruiz9467]

I can't believe I just recently found you. solid information thank you for posting

[@TradingFanatic]

Welcome to the Fanatic gang! Hope you enjoy all the content available.

[@kelvindartel3967]

Thanks for the template, you're the best.

[@AmjadAli-qb1bj]

Thanks a ton for sharing this brother. stay blessed.

[@broski-uj3pb]

Thanks so much,i will start backtesting and journalism 🔥🔥

[@PeterChama-hm5fp]

The best teacher and mentor so 🎉🎉🎉🎉

[@JulienOgilvie]

Great knowledge, I have gained profound ideas.

[@TradingFanatic]

Glad it was helpful!

[@costeamihaivictor]

Hi, Iliya! Why the hell I didn't know about such software :)). Thank you man. That some good information and information is power!!!!! Thank you again! ❤

[@TradingFanatic]

Hi Mihai! Yesss, there's so much great stuff out there. I'm in love with FXReplay, that's why I also partnered with them. Make sure to check them out.

[@Emmanuelchukwuebuka0831]

Bro thanks alot for this - i really cant thank you enough god will surely reward you. I was not able to access the notion template both in my phone and PC?

[@lauki_fx]

So much value and truth in this video

[@PeterChama-hm5fp]

Best teacher and mentor

[@Heissuma]

This is the ɓest video on backtesting I have found on YT

[@davidjean6277]

Needed this thank you

[@James.Mosende23]

Great information bro. very helpful

[@paulnathane]

Much appreciated Iliya🙏🙏

[@ghitofantastic]

I'll have to listen to this everyday as a pre motivation before trading just listening

[@TradingFanatic]

Hehehe love it! Not very motivational this one, but you can definitely do so in order to inspire long-term thinking and trusting the data.

[@Forex_ers]

SIR I love you.SUCH A GREAT TEACHER I FOUND IN MY LIFE. 😍

[@TradingFanatic]

Thank you for the kind words! Welcome to the channel.

[@kingstradeacademy7113]

Just love your content. I wish to be your student

[@TradingFanatic]

Glad you are loving it! Make sure to work hard and take the right actions, in order to invest in yourself, join the community and start seeing growth.

[@dramyelsi6842]

Been wishing for this video thanks for reading my mind Illiya

[@TradingFanatic]

Hehehe glad to hear. I hope you will put the knowledge into practice.

[@donalmadden7019]

Great vid, plenty of gems.

[@Boismart]

Thanks For All The Information You Share Iliya🍍 I Will Try Fx Replay because of You

[@TradingFanatic]

Let me know how it goes and if you like it.

[@abubakarsuleiman6705]

Thank you for sharing this 😊

[@muhammadgulfamashraf9695]

Thank you very informative ❤

[@Eight_FX02]

Thanks for this great video

[@cemperor10]

Great video

[@asandambilankulu2751]

Beautiful video! ❤

[@TradingFanatic]

Thank you, Asanda!

[@zoolove5784]

Thank you for the information😊

[@TradingFanatic]

You are very welcome! I hope you found it insightful.

[@DumbaMw]

Thanks Iliya ❤

[@mirianezeamama8943]

Thanks for this Sir

[@ghitofantastic]

I feel this video came at the right time❤❤

[@TradingFanatic]

Time to take action then ;)

[@ghitofantastic]

Looking forward to the weekend 😀

[@philazikalala9964]

Bro great wirk as always

[@pramodyadav46]

love you bro

[@abderaouf8421]

gold mine video , just discovered your channel thanks

[@warlockleslie8832]

Another goldmine thank you

[@H.F.X]

Thanks so much for this mentor ❤️,you are funny about Thursday is a loosing day lol

[@TradingFanatic]

Hahah yes! Data shows it, so I listen :D

[@rushellmadden725]

thank you!!

[@vimmypatel6932]

Really nice video 😊🚀

[@TradingFanatic]

Glad you loved it!

[@Mysterious_4-l5p]

You can use equations within notion so it automatically works out your win % rather than using an external site👍🏼

[@TradingFanatic]

I suck with formulations.. I know it can't be done, but it will take me hours probably hahah

[@olalekanayanbisi4433]

Thanks

[@Jnrmmxmtrader]

My boss bring big meat to us ❤

[@TradingFanatic]

Always! I hope you loved it.

[@beeworld2905]

Thanks for this, but the link to get subscribe and get the template isn't working, it keeps loading forever

[@TradingFanatic]

You are welcome! That is very strange, it works perfectly for me... Here is the link to Notion, so you can access it immediately: tradingfanatic.notion.site/tradingfanatic/Backtesting-Data-Gathering-7c8a7ad2785d4963be15a4a4982fe86e

[@chsunil206]

hey iliya, the notion link isn't working for me add data table is not showing . is there any thing i'm missing ?

[@trophonios9675]

Iliya you need to add some more meat to the weakly and daily analysis videos. Like how do you really get into trades, like what structural liquidity or imbalances on the 15 min do you look at to get taken before you get a trend change when the market below or above the 50 %.

[@oluwatobilobasamuel4868]

He literally has an educational playlist on this channel that covers all of these

[@TradingFanatic]

Check out this playlist and then let me know any additional questions: kzbin.info/aero/PLUfO7cIw24HN_LO4FaHknVKQ-hxODVT8a

[@obodonkem8092]

Iliya can you please do a video on how you approach the market on daily basis since you are a day trader

[@AyibatariLavenderGilpen]

FX Replay is not loading for me to start the trial

[@rarelypiyush]

how do i access your template

[@pavithran_sajudas]

Hello illiya sir 🙋‍♂️Love from India

[@mizeh8387]

Finally ♥️

[@pramodyadav46]

good

[@lenkurstjens8247]

Hi Iliya, the notion link doesn't work for me. When I fill out my email I get sent to another page to login to notion, but when I open notion I don't see your backtesting page anywhere. I would really love to have this backtesting sheet, so is there any way to fix this?

[@TradingFanatic]

Thank you so much for pointing this out! The link didn't work for me as well. I believe I fixed it, would you please try again and let me know?

[@lenkurstjens8247]

@@TradingFanatic I checked it and it works for me now;) Thank you for the quick response!

[@argenistherose]

hey just found your channel and for some reason , they template is empty with just the outline but none of the inputs you have

[@TradingFanatic]

Hey! You just have to click on new row and then use the template. I believe I show how to do it in the tutorial.

[@ganjaiipowpow484]

can u make a video on how to enter a trade part 2? glad im subbed

[@TradingFanatic]

What exactly do you mean by how to enter a trade brother? Like a strategy or the process of entering a trade on metatrader?

[@ganjaiipowpow484]

@@TradingFanatic i've watch your 4 part series where you taught us about reading market structure, supply&demand, liquidity sweeps and process of entering trades so many times and they are the best in the world. but im a bit lost at flowing with the market when entering trades, thanks again ilya

[@kknvines8342]

How to watch your videos in series to learn forex market as a beginner plz create a playlist in series of videos for beginner .

[@TradingFanatic]

Here's the most important playlist: kzbin.info/aero/PLUfO7cIw24HN_LO4FaHknVKQ-hxODVT8a

[@philazikalala9964]

To us that like the video without watching it

[@jtrades_]

W vid

[@victoraugustino4832]

❤

[@KingAlexFX]

Bro what kinda camera is this guy using? Damn the graphics are mad!

[@TradingFanatic]

Just my phone brother :D But so glad it looks good :))

[@billz2720]

it doesn't give me the option to add row

[@TradingFanatic]

Did you duplicate it onto your own Notion?

[@billz2720]

@@TradingFanatic oh maybe that’s why. I’ll try that thank you

[@victoriaodins4347]

😂😂😂😂❤️ illya is so real

[@LiveTrading_FX]

❤❤❤✌️✌️

[@Taee22]

Hey Ilya , I’ve been back testing hard thanks to you I’m grateful 🙏🏾 but I noticed the way you draw your structure breaks now are different from your other videos idk maybe I missed something but if you could get back to me it would be much appreciated 🙏🏾

[@TradingFanatic]

Hmmm I am not sure what exactly you are referring to... Maybe show me some examples?

[@Taee22]

@@TradingFanatic can I e-mail you ?

[@EgbeBachange-yn9ej]

If you can give some written information, instead of all along just talking, the better, because it is not easy to follow up all the talking.

[@haneyguitarinstruction6260]

Rewind and take notes