Then you might enjoy this gem that Jack wrote after my backtests showed his "rockets" blow up on the launching pad:
You will probably find that backtesting is not a viable means for finding anything out.
The reason why is fairly straightforward to determine.
If you are backtesting something and you feel you have grasp the thing you are backtesting, then you have failed to really grasp what (the thing) is going on.
http://www.elitetrader.com/vb/showthread.php?s=&postid=1072482&#post1072482
You will probably find that backtesting is not a viable means for finding anything out.
The reason why is fairly straightforward to determine.
If you are backtesting something and you feel you have grasp the thing you are backtesting, then you have failed to really grasp what (the thing) is going on.
http://www.elitetrader.com/vb/showthread.php?s=&postid=1072482&#post1072482
Quote from teasinggtara:
So there you have it: you forfeit the SCT opportunity if you are a skeptic. Using non-logic Jack programs the lab rat to believe a rational approach or due diligence means he can't "differentiate his mind and he can't logically formulate and surmise how the market works."
Sheer brilliance Jack. Gobbledygook mesmerizing.
