How to Backtest a Day Trading Strategy – Hourly Breakout Part 2

Welcome to another series in which I give you an over-the-shoulder look into a trading strategy development process.  I test and develop a trading strategy to show you each step of the process.  By the end of the development I hope to have a useable strategy, something that you may also consider trading.

In the first part of this series I outlined the rules of the strategy and began the development stages.  If you haven’t seen that video yet then you can see it here: PART 1

In this second part I continue going through the development.  Firstly look into how trading each day of the week will effect results.  Then look at the duration or time window we can take the trades.  Lastly I introduce a previous day filter.  Looking at what happens if the previous day was a white or black candle.

 

 

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