Just want to get the opinoin of those out there. How important is back testing to you? How much do you think it reflects actual live trading? Why do you value it or why do you think it is a waist?
I for one have a difficult time with fx backtesting because the charting packages come with so much slop. For instance I trade on Currenex, but get my charts from esignal. I often get fills at highs where esignal never show the price and many times dont get real quotes even clost to the lows that are shown on esignal. With that said until you have a multi year track record, how else can you build enough confidence in your methodolgy of trading to keep you from changing your rules when you have a bad month/week/day. I stick with currenex because at least I know there that I am not playing agains a broker who will often push the market to take out stops. Also no fees and often no spread : )
I for one have a difficult time with fx backtesting because the charting packages come with so much slop. For instance I trade on Currenex, but get my charts from esignal. I often get fills at highs where esignal never show the price and many times dont get real quotes even clost to the lows that are shown on esignal. With that said until you have a multi year track record, how else can you build enough confidence in your methodolgy of trading to keep you from changing your rules when you have a bad month/week/day. I stick with currenex because at least I know there that I am not playing agains a broker who will often push the market to take out stops. Also no fees and often no spread : )
