PocketChange is a guy by the name of Samir Shah who is a 49yo guy living with his parents in South Carolina. As of a few years ago he knew very little about the US Equity markets. Unfortunately for him he jumped the gun and stole 127 bitcoin from me before he was able to fully grasp the US Equity markets. Samir Shah = PocketChange + IQuant. I wouldn't listen to this guy if I were you. As far as I know, he had an outstanding warrant for his arrest in Illinois for more than $40k in back child support owed... oddly the warrant was cleared within a few weeks of my 127 bitcoin being stolen.
Sadly, Sami passed away last week....cause of death unknown. He was a brilliant programmer and data architect.
Techical analysis still used among trader, I am ever reading success story from trader which he share system trading which only use technical anlaysis in trading
Before you spend more time backtesting take a look at this book (worth time and money) The idea in the book is that backtesting creates data-mining bias and you must know ways of dealing with that before you consider something seriously. Also the author claims that the more you backtest the higher the probability of failure. Interesting book...
I've just finished reading it. I have read about 30 books on the subject of trading. This guy knows his stuff. Best book I've read in a long time.