I Backtested a Moving Average Strategy for Beginners 100 Times (Is It Really Profitable?)

In this video, I backtested a forex trading strategy from a youtube channel called The Trading Channel 100 times to see if it's really profitable, as the creator of the video claims.

In the video of that channel Steven Hart, the person who introduces the strategy, claims that he's tested the trading strategy 100 times and it's generated 20% after 6 months.

He's backtested it for only one pair and he claims for every trading pair, you can earn 20% profit for 6 months, 40% per year. So if you trade with this strategy on 28 major and minor forex pairs, you can gain more than 1000% after one year.

Woww!

So I decided to backtest that again in the same time period and other conditions to see if this strategy really work that way!

You can see the whole process of backtesting as well as all the taken positions. I also put some quotes on the backtesting section of the video from Mark Douglas, the other of trading in the zone which is one of the best trading books ever.

By the way, I used FXBlue backtesting software. I made a video about how to backtest manually including FXBlue backtesting method that you can watch here:
https://youtu.be/ayrDRX-UFlM

These are other backtesting that I've done for other strategies:
https://youtu.be/lYaWZFkI6e0
https://youtu.be/La1alOhTyfM

This is the result of this backtest on FXBlue:
https://www.fxblue.com/users/tsc1

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Risk Disclaimer

Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Past performance is not indicative of future results. The high degree of leverage can work against you as well as for you. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

Видео I Backtested a Moving Average Strategy for Beginners 100 Times (Is It Really Profitable?) канала FXDavid