In episode 420 of the Desire To Trade Podcast, we will be listening to the recording of an interview with professional trader Ceri Bryans, and she shares her full-time automated day trader success story. If you're one of those traders who get bored with backtesting, this interview might change how you see the benefits of backtesting for your long-term success.
The video is also available for you to watch on YouTube.
>> Watch the video recording!
Topics Covered In This Episode
- 00:15 Introduction
- 00:50 What's new with Ceri Bryans
- 02:17 Mechanical trading with MT4, Expert Advisor
- 02:33 Making the switch from manual to automated trading
- 04:40 On not preferring a high win rate
- 05:25 How to avoid fakeouts
- 06:36 Choosing the right time-frame
- 07:39 Ceri's backtesting strategy - MUST WATCH! (Video link above)
- 13:08 Backtesting 4 targets
- 14:14 Testing the NASDAQ on a 30-minute chart
- 26:05 Why should you do a backtest?
- 26:37 Backtesting manually or automatically?
- 30:41 The optimizing stage
- 34:40 Deciding on the risk per trade
- 37:47 Overestimating how much you're willing to lose
- 41:29 Advice for people who don't have time for backtesting
- 45:02 Difference between live and backtesting results
- 49:14 Ceri's thoughts on journaling
- 50:15 Where to find Ceri Bryans (info below)
- and much more
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