Track 'n Trade Autopilot Plug-in

Backtesting

Video Transcript

Through the Track ‘n Trade Autopilot Moni-Carlo back testing module, each Autopilot setting you make can be backed tested, verified, and forward tested by the Track ‘n Trade Autopilot historical trade algorithm, in a completely simulated environment prior to ever setting real money to your new trading strategy.

With the all new and improved Autopilot Plug-in, you’re in complete control, no more scary black box systems where you have no idea what to expect next.

Create your own trading system, know your systems limits and requirements, back test it yourself, easily update and make changes on the fly as market conditions change, then execute with confidence, and the best part of all, no programming language skills required.

In previous videos, we’ve covered how to get started creating your own trading strategies, how to have Track ‘n Trade enter the market, exit the market, and to manage our trades.

In this video we’re going to discover Track ‘n Trade’s ability to help us choose the correct settings for each strategy we’ve selected, and then how to back test it using historical market data.

First, and foremost, through the use of brute force mathematics, the Track ‘n Trade Autopilot Q-Calc system has the ability to back test every possible setting within a set of user definable parameters, which then sets the optimal setting for each component part of your trading strategy.

The master Q-Calc. button here at the top, if pressed, will set the Autopilot to the task of back testing and adjusting the settings of the entire trading strategy you have outlined.

Each individual Q-Calc. button, when pressed, will Monti-Carlo back test just that one component piece of the puzzle, which allows you to work on a single component at a time, optimizing individual settings, rather than all settings at once.

By Right Clicking on each Q-Calc. button individually, you can set the minimum and maximum parameters for it to scan. Obviously, the larger the data sample, the longer it will take to calculate the optimal setting.

In the lower accounting window, is where you’ll find the Autopilot Monti-Carlo back testing system, where you can setup the parameters of your trade, and execute your strategy on historical data, to find out how effective it would have been.

Once you’ve optimized your system to the point that you’re happy with the results, you can then click the start trading button to have Track ‘n Trade begin executing your strategy on current market activity.

Let’s first quickly review the Monti-Carlo system setup.

Starting from the top left, you first see the start trading button, next is the initial balance, fees, along with starting and ending time and dates. You then have Auto-Date, which tells the Autopilot to back test on all available data, as opposed to the start and end date’s we’ve specified, and then, whether you want the system to auto recalc your totals on the fly, or wait for you to press the recalc button yourself.

This is usually determined by how fast of a computer you have, faster computers can recalc on the fly, while slower systems might want to wait until you click the recalculate button manually.

Across the top of this panel are the statistical results of the back test, which can be user definable as to what’s displayed here. By right clicking on the header, you receive a box full of statistics you can choose from.

Notice that each column has a description that is a blue hyperlink. If you click on one of those hyperlink descriptions, a detailed paragraph of the functionality of that feature pops up.

You can select as many, or as few statistics as you like, and find helpful in determining the best trading system.

Below the statistics panel we have our Equity Performance Graph. Clicking the graph button will bring up a line graph on the bottom half of the screen that allows you to see a graphical representation of how your Autopilot settings have performed over time.

As you make adjustments, the results will be automatically reflected here if you have auto recalc selected.

Next, if we click the Trades button, we see a complete list of all the individual trades that comprised the chart itself, whether it was a buy or a sell, the date and time of execution, the profit and loss, the fees, and running balance.

You can also double click any of the trades listed here, and it will jump to and highlight within the chart that particular trade, so you can take a look and analyze it trade, by trade, giving you a quick way of referencing what was happening within the market to produce these results.

The Log button will keep a complete running log of all trades executed by the trading system as you it makes trades moving forward.

The Stats Chooser button is a second means of pulling up the stats selection box we discussed earlier, and the print button allows us to print out our trading results.