Hi,
After spending ages backtesting various mechanical systems I'm now in the new territory forward testing a daily discretionary system.
What I would like to know from the more experienced members is how long would you forward test a discretionary system before trusting it with real money?
Or for discretionary intra-day trading systems, how many number of trades would you want as a confirmation it's a possible valid system to risk real money on?
And do you have any cautionary war stories of how long you have forward tested a system and then as soon as you traded it live it completely bombed!!!
Many thanks
Alan
After spending ages backtesting various mechanical systems I'm now in the new territory forward testing a daily discretionary system.
What I would like to know from the more experienced members is how long would you forward test a discretionary system before trusting it with real money?
Or for discretionary intra-day trading systems, how many number of trades would you want as a confirmation it's a possible valid system to risk real money on?
And do you have any cautionary war stories of how long you have forward tested a system and then as soon as you traded it live it completely bombed!!!
Many thanks
Alan