Originally, I was making the app for myself because testing strategies using Excel had a lot of room for error. I wanted something where I only need to press 1 button while backtesting strategies(like I do in the videos).
That’s the problem it is solving; a tool used during backtesting strategies to make things easier. You can use it in a similar way I use it in the videos. I open the chart where I want to test the strategy and the app side by side. If I see a setup, I simply click the “profit” or “loss” button.
Most new traders ignore this step and blow up their accounts. I know backtesting a trading strategy can be a time-consuming task, but it is a really important step if you want to make money as a Trader.
Remember, 90% lose money. Normally, people will use an Excel Sheet to track their trades while Backtesting. They backtest their trading strategy at least 100 times using an excel sheet.
Why use that old boring way to backtest? Backtesting a strategy using excel is boring. On the Trading Rush Channel, I have tested many different trading indicators and strategies 100 times using Excel.
But not any more!!! To make backtesting easier and fun, I have created this Official Trading Rush App, where you can backtest a Strategy without using an Excel Sheet.
No more boring old methods. This Backtester in the Trading Rush App will automatically calculate your WIN RATE, Probability, How much money you made in the Backtest, how much money you can make with the strategy, and much more.
It even calculates the number of winners and losses you can have in a trading strategy in a row. Knowing the number of losses a strategy can produce is really important not to lose a lot of money in trading.
Remember, Money management is the key to success in trading. Master that, and you can become a professional.
Use this Backtester the same way you would backtest a strategy using an excel sheet. But unlike an excel sheet, Trading Rush App will automatically calculate all the important numbers and will even show you the profit using the profit graph.
Enjoy and Happy Trading!