limitdown
Registered: Jun 2001
Posts: 2666 |
02-25-04 05:31 PM
Quote from jimcrist:
I'm a swing trader that trades breakouts using a system I developed and backtested. I tried to develop and backtest a pullback system, but I was never able to find a system that backtested well. I'm curious as to why this is. Is it 'cuz breakout systems are just better than pullback systems or is it 'cuz I never hit on a good system or what? Does anyone have a pullback system that backtests well? Any insights on this conundrum are appreciated.
NO.
The simulations are excellent on a number of programs and packages.
When I designed and presided over design of multi million dollar private client trading systems development, we would spend countless hours on complex mathematical smoothing processes to verify not just projections but backtestors. These paled in comparison to sinking someone's boat through trading losses and were simply unacceptable.
We opted for real world analysis that humans do on an ongoing basis, and paid the cost for hiring those with the most expensive degrees from some of the most expensive snob schools in the country instead.
eye to eye.....
that's the answer, sorry.
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