Hi folks,
I'm currently manually backtesting a breakout system - that means drawing those daily boxes, setting the highs and lows, measuring drawdowns, calculating the extent of price movements and determining the optimal values for allowed drawdown and TP targets to maximize profitability.
Because I'm doing it manually, I cannot backtest it all the way to 1970 and see how it performs. Given that, roughly how many trades would you want to backtest for before considering a given sample to be statistically significant?
I'm currently manually backtesting a breakout system - that means drawing those daily boxes, setting the highs and lows, measuring drawdowns, calculating the extent of price movements and determining the optimal values for allowed drawdown and TP targets to maximize profitability.
Because I'm doing it manually, I cannot backtest it all the way to 1970 and see how it performs. Given that, roughly how many trades would you want to backtest for before considering a given sample to be statistically significant?