How to Back Test Like a Pro in Sierra Chart

The first part of this video shares how back testing can help to gather trade statistics and improve strategies one step at a time. The second part shows a step by step tutorial on how to perform accurate back testing with automated trading systems in Sierra Chart. This is not a full proof back testing method, there are some issues with it which are described in the video. This video can also be helpful if you are learning this software and want to improve your knowledge.

Broker used to Trade Stocks & Options: 📈
https://www.InteractiveBrokers.com/mkt/?src=verrilloy4&url=%2Fen%2Findex.php%3Ff%3D1338
If this video helped you, clicking the link above helps support these videos. ↖️

✅ Recommended Videos:

Most Traders Quit Before Learning This: https://youtu.be/5fL4cmrIUgo
Free Sierra Chart Footprint Template: https://youtu.be/4zpYhHn5p90
Why Traders End Up Giving Back Profit: https://youtu.be/emjM9jaS2uc
4 Next Level Trading Skills: https://youtu.be/xhbCbnGxAbg
What no one says about Order Flow: https://youtu.be/ujRoxZeDBRU
Futures Trading with IB TWS: https://youtu.be/ICZH89GdUGQ
5 Free TWS Layouts: https://youtu.be/QyERKLOKMY4
Scaling Out in TWS 2.0: https://youtu.be/WSdmboGM_Zg
Simulated Trading Explained: https://youtu.be/o2GWj7wR2_A
Trading Services Explained: https://youtu.be/SfioNYdZUaM

Why Traders Need OCO Orders: https://youtu.be/rC02897uiuc
Fast Trading Feature in Sierra: https://youtu.be/dBVuaFOiNt8
5 Signs They Can't Trade: https://youtu.be/OmHGST_G9ag
Exit a Trade Fast in TWS: https://youtu.be/iyzkKLSEgP4
IBKR Client Portal Overview: https://youtu.be/XP6yWzCNZw0
4 Indicators I Stopped Using: https://youtu.be/h5B-kWeVTHU
IBKR Client Portal Beginner Video: https://youtu.be/YVRkprO8_8o
How to Practice Day Trading: https://youtu.be/LituIvbOnno
How Coding Changed my Trading: https://youtu.be/PacdxtgVano
Tradingview Review after 3+ Years: https://youtu.be/eTjcilivx40

Software used for Trading, Market Data & Automated Trading:
https://www.sierrachart.com

Broker used for Trading Futures:
https://www.ironbeam.com

Service used for Currency Conversion & Cross-Border Banking:
https://Wise.prf.hn/l/vJ3lpxv

Support the Channel: ☕
https://www.buymeacoffee.com/verrillotrading

☑️ Recommended playlists:

TWS Tutorials: https://www.youtube.com/watch?v=PeLgfvPFPv8&list=PLePBf4ZtCKhq0cVloJ-a8FIS2XdAbjKzG
Trading Content: https://www.youtube.com/watch?v=x4vIvu3aVZA&list=PLePBf4ZtCKhpOPE9vq6Gj6WhLHiTZ9Wbw
Sierra Chart Videos: https://youtube.com/playlist?list=PLePBf4ZtCKhovGMhz0W0ksWC7Edqt02iX

Feel free to ask questions below. 📩

DISCLOSURE OF MATERIAL CONNECTION: VerrilloTrading may have an affiliate relationship and/or another material connection to any persons or businesses mentioned in or linked to in the content above, and may receive commissions from purchases you make on subsequent web sites. You should not rely solely on information published by VerrilloTrading to evaluate the product or service being offered.

Disclaimer: The content that this channel provides is intended for educational purposes only. Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. The risk of loss in trading commodity interests can be substantial. You should therefore carefully consider whether such trading is suitable for you in light of your financial condition.

#trading #backtesting #tutorial

00:00:00 Introduction
00:01:08 Why is Back Testing Important
00:04:05 Load the days on your chart
00:06:45 Enable queue position tracking & Historical level 2 data
00:08:07 Downloading historical level 2 data
00:11:06 Manage market depth files
00:11:51 Enable Auto Trading & Disconnect from the Data Feed
00:12:39 Setting up a market replay
00:14:40 How to back test the same data set with different accounts
00:16:26 How to replay two or more charts
00:19:30 The secret replay method
00:20:30 Starting the back test & Critical info
00:24:00 Increasing replay speed & final notes