This statement, "BACKTESTING", has always been somewhat of a confusing topic for me. What exactly is meant be "backtesting"?
Does one take their "system" they have, go back to previous days on the chart, and look to see how it "works" an any given day? Or, are there sepcific information one can enter in the "backtesting" part of MT4 to see how your "system" would worked, or works?
Backtesting is a concept I do believe I can get somewhat of a fix on. But, then comes the statement, forwardtesting. Now that one really confuses me big time!!
Anyway, just wanted to ask to see if anyone had any comments on these topics to kind of help clear things up. Thanks in advance...
Does one take their "system" they have, go back to previous days on the chart, and look to see how it "works" an any given day? Or, are there sepcific information one can enter in the "backtesting" part of MT4 to see how your "system" would worked, or works?
Backtesting is a concept I do believe I can get somewhat of a fix on. But, then comes the statement, forwardtesting. Now that one really confuses me big time!!
Anyway, just wanted to ask to see if anyone had any comments on these topics to kind of help clear things up. Thanks in advance...