Disliked{quote} "Back testing with 20 trades can barely come to any conclusion of a strategy..." hi Folks >>> another misleading post - half truth, half lie. without any details being made known, we have no information what the member was testing. Big E did mentioned about he would test the Daily with TDI cross entry and exit (Post#8703). How many of you actually did your tests on Daily? Back-testing has its limitations and those experienced trades who did their own trading system...Ignored
"Back testing with 20 trades can barely come to any conclusion of a strategy..."
hi Folks
>>> another misleading post - half truth, half lie.
without any details being made known, we have no information what the member was testing.
Big E did mentioned about he would test the Daily with TDI cross entry and exit (Post#8703). How many of you actually did your tests on Daily?
Back-testing has its limitations and those experienced trades who did their own trading system development know that.
How many trades do you need complete in order to know the performance of a trading system and strategy?
After back-testing, you have some results and make you conclusions and fine-tune your system parameters. After back-testing, you need to forward test your trading systems in real-time live market conditions. This forward testing has to be deliberate and take very long time in order that your test your systems in all different market type conditions.
In my experience, forward testing can take 1 to 3 years market cycle in order to be very thorough. Do you have the patience to do this?
If not, you need confidence to go live trading before the 3 years forward testing completion... and you can fine tune and make adjustments along the way. It is risky business but that is one way forward. It is a risk management decision, you can trade live with a smaller account and then slowly build up to your full system account size.
I have done my back-testing according to Big E' (Post#8703).
I have done live trading since 2012. I have done the necessary system fine tuning and adjustments over the years since between 2012 to 2020 in 3 cycles of 3 years-trading cycle. I am into my 4th 3-years-trading-cycle 2021 to 2023 now.
Do you want to do the same and turn a $50k account to $400K in 36 months?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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