We are proud to release the Back Testing upgrade to Cycle Trends Live!
Back Testing a currency or share is done for the following reasons:
Firstly, it gives you the ability to test your analysis of a share or currency by viewing a historical chart exactly as it would have displayed at an earlier date and/or time, disregarding any price data after that point in time.
This is done by going to a previous peak or low, cutting off the price at that point and seeing if the cycle forecast was reasonably accurate at that point.
Then, by stepping forward (see method below), you can watch the progress of the Cycle and especially the Trendic indicators as the currency or share moves forward in time.
Not only is this a method for establishing whether a share or currency is cycle friendly but it is also an excellent way to study the indicators and their techniques.