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Backtesting a Strategy Quiz

By 🤖 DTLC Bot / February 26, 2024

The Lite Day Trader Backtesting a Strategy Backtesting a Strategy Quiz

Backtesting a Strategy Quiz

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Question 1 of 13

1. Question
When trading this strategy in the morning, which standard layout should be used?
- Core Indicators
- LITE AM EURUSD
- LITE PM AUDUSD
- LITE 6 Major
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Question 2 of 13

2. Question
This trade strategy works with all chart time frames, however a 5 minute chart is used with the pre-saved standard layout. (T/F)
- True
- False
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Question 3 of 13

3. Question
The Replay tool is a feature in GreenChart that can be used to…
- … make live trades in the market.
- … create alerts based on indicator patterns.
- … backtest trade strategies using actual market data.
- None of the above
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Question 4 of 13

4. Question
When is the best time period to backtest?
- 7 am to 9 am MST
- 7 pm to 9 pm MST
- 5 am to 7 am EST
- 8 am to 10 am PST
- Any time period that is typically available for you to trade.
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Question 5 of 13

5. Question
In replay mode, it is possible to move forward and backward in time, one candle at a time. (T/F)
- True
- False
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Question 6 of 13

6. Question
When backtesting this strategy in replay mode, you are looking for all four BUY or SELL rules to agree before taking a trade (T/F)
- True
- False
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Question 7 of 13

7. Question
The Trade Simulator Tool can be opened by clicking this icon.
- True
- False
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Question 8 of 13

8. Question
The Trade Simulator Tool allows us to practice taking BUY or SELL trades in replay mode, but not in the live market. (T/F)
- True
- False
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Question 9 of 13

9. Question
When testing this strategy, and all four rules are met (for either a BUY or SELL) how should the Stop Loss and Take Profit values be determined before entering a trade using the trade simulator? (Single Choice)
- The Stop Loss and the Take Profit should be equal to the ATR value.
- The Take Profit should be equal to the ATR value with the Stop Loss equal to 2x the ATR value.
- The Stop Loss should be 90 and the Take Profit should be 30.
- Any value is OK.
Correct

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Question 10 of 13

10. Question
What value should the LOT Size be when backtesting? (Single Choice)
- 1.0
- 5.0
- 10.0
- Any value – The lot size is irrelevant in backtesting strategies but crucial in determining risk management when trading live or demo accounts.
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Question 11 of 13

11. Question
The Trade Simulator tool keeps a record of all closed trades that can be quickly cued to the time of entry when clicking “View” on the trade window. (T/F)
- True
- False
Correct

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Question 12 of 13

12. Question
Nuances or exceptions may be discovered in backtesting, that can help us refine a trade strategy to achieve a greater win rate. (T/F)
- True
- False
Correct

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Question 13 of 13

13. Question
What is the homework assignment for this lesson?
- Backtest this strategy for a period of 1 year.
- Backtest this strategy over 5 random days.
- Open a live trading account and trade this strategy.
- Homework? Nobody said anything about homework. I quit!
Correct

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Disclaimer: Trading in the financial markets is highly risky, and you can lose all the money you invest should you decide to engage in live trading. We are not responsible for your investment, trading or tax decisions. We are not licensed financial advisors, traders, accountants, stockbrokers or attorneys. We are not licensed commodities brokers, and do not engage in or facilitate commodities transactions. We are not an introducing broker, and we make no recommendation as to where you should invest or what broker you should trade with. As you apply what you learn, we recommend that you seek advice from licensed professionals. Any trade results that we show should not be considered typical of our students. We do not (and cannot) track the results or performance of our students’ private trading accounts. We do not know what a typical or average student earns or loses trading. This is not a get-rich-quick program, guaranteed system or business opportunity. We sell training and trading tools. We made no promises our training and tools will generate future income for students, and you may not make your investment back (including your investment in this training). Any redistribution or recording of this material is strictly prohibited without advanced written permission.

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