I agree.
TraderZones. It seems you actually know your stuff. Its a pity most of the your posts are ridiculing people instead of offering meaningful contributions.
Quote from TraderZones:
The main comment is, that backtests rarely have much value. Paper traders will often throw up different ideas and "backtest" them. But it is usually void of Trading Metrics (Sharpe, PF, DD, etc.), and they tend to cherry pick promising runs. They curve fit them. etc.
A proper backtest runs over multiple market eras (bear, bull, choppy, sideways, etc.). It is multiyear, with many many trades. And the backtester has divided the past into at least an in and out of test period. And then they walk forward in the real market to get a real idea of how it works. Then of course, there is usibng real money testing it. THEN you might have something of a little value.
Quote from thetrendfollowe:
I agree.
TraderZones. It seems you actually know your stuff. Its a pity most of the your posts are ridiculing people instead of offering meaningful contributions.
Quote from LeeD:
The strategy trades only 68 days out of 120. I presume it does only 1 trade on most days when it actually trades at all.
It has very high Sharpe ratio of about 7. Given the small number of trades I would assume the strategy is over-optimized.