Forward testing
After you backtest your strategy, don’t jump right into using money for your newborn strategy. You still need to do forward testing.
Forward testing allows you to address a few more situations that you don’t actually encounter during backtesting and you need to address them while you’re still not trading with real money.
In order to do this, open TradingView for the marketplaces you’ve backtested your strategy with and follow the tokens.
You might put alarms so that you get (phone) notifications when the setup is ready and you need to monitor the token, for example, and notice that you’re getting notified too late. Then, you prepare your setup (or your alarm) so that you have time to get to the computer and check the situation at hand.
Another situation would be that you’ve just arrived in front of TradingView and you see a trade that still checks your entry trigger, yet the token has already gone up a bit. Questions...
