Back-testing and Validating Your Trading Plan
Structured back-testing of your trading plan shows you how well it is likely to perform and whether it needs to be modified before you risk your hard-earned capital. I have been conducting and refining back-testing of my own and others’ trading ideas for decades, and have taught these techniques as part of systems development. I have also introduced back-testing concepts to many students during the the Advanced Wyckoff Trading Course.
Now I would like to share my insights and approach to back-testing in detail so that you can master this critical skill in a new course: Back-testing and Validating Your Trading Plan. During this course, we will review your trading plan(s), back-test them and discuss the results. From these sessions you will be able not only to evaluate the profitability and expectancy of your current trading plan, but also to add this fundamental capability to your arsenal to evaluate any new ideas going forward.
Back-testing and Validating Your Trading Plan is organized in four sections:
First, we will discuss your current trading plans, which will include participant presentations, followed by discussion and suggestions by Roman regarding potential improvements and adjustments to each plan presented. These sessions will also provide each student with opportunities to learn nuances and distinctions from others' trading plans, as well. (May 1, 8 and 15, 2017)
Second, we will discuss indispensable elements of back-testing, including how to set up an informative process, what to emphasize during back-testing, and what data should be collected and tabulated during the analysis of results. (May 22, 2017)
Third, we will break for six weeks to allow participants ample time to conduct back-testing of their plans and ideas.
Finally, we will re-convene to discuss our results and how they can be used to refine our trading plans towards increased profitability. (July 10 and 27, 2017)
These sessions will be recorded and made available to participants on a password-protected web page for a full year after the course ends (i.e., until August 1, 2018), with an option to extend access for another year for a nominal fee.
Prerequisite: Completion of Advanced Wyckoff Trading Course or consent of instructor
By popular request, you can now buy previous versions of the June 2019 Special: Trust the Process!.
Click here for a description of the May 2018 course: Upgrading your Trading Plan through Visual Back-testing and Validation.
Click here for a description of the June 2019 Special: Trust the Process!
Confidence in trading arises in part from knowing simply that your strategy and trading plan work under a variety of market conditions. This course is designed to give you that confidence! Please join us!
Roman Bogomazov is an internationally recognized expert and educator on the Wyckoff Method of trading and investing. He taught the Wyckoff Method together with the late Dr. Henry ("Hank") Pruden and Bruce Fraser at Golden Gate University. He is also President of Wyckoff Associates, LLC, an enterprise providing online Wyckoff Method education to traders throughout the world (www.wyckoffanalytics.com). Using WyckoffAnalytics.com as a thriving trading community platform, Roman has developed a comprehensive educational curriculum covering basic to advanced Wyckoff concepts and techniques, as well as visual pattern recognition and real-time drills to enhance traders’ skills and confidence. In the last 3 years alone, Roman has conducted over 500 classes and presentations, and has taught collaboratively with many Wyckoff experts and traders. Roman is considered a teaching authority on the Wyckoff Method by traders around the world. A dedicated and passionate Wyckoffian, he has used the Wyckoff Method exclusively for his own trading for the last 20 years. Roman has also served as a Board Member of the International Federation of Technical Analysts and as past president of the Technical Securities Analysts Association of San Francisco.
Important Disclaimer: There is a very high degree of financial risk and loss involved in trading securities. You understand and acknowledge the existence of this risk and also that YOU ALONE ARE RESPONSIBLE FOR YOUR OWN TRADING AND INVESTMENT DECISIONS AND RESULTS. The materials presented and discussed in this online course are for educational purposes only; nothing contained therein should be construed as investment advice. Roman Bogomazov ("Presenter") is not a registered investment advisor or broker-dealer and does not purport to recommend or suggest any specific trades or investments in stocks, bonds, e-minis, futures, options, currencies or any other financial instruments or markets. Presenter assumes no responsibility or liability of any kind for your trading and investment results. It should not be assumed that any trades or investments described or discussed in this course were, are, or will be profitable.