The Fundamental Problem of Backtesting and Why It Has Not Helped Much Technical Traders

Trying to discover an edge by randomly backtesting ideas is equivalent to looking for a needle in a haystack. More than 25 years have passed since backtesting software became available to retail traders but the difficulty in finding an edge persists because of various issues related to data-mining and process pitfalls. The fundamental problem of┬ábacktesting … Continue reading The Fundamental Problem of Backtesting and Why It Has Not Helped Much Technical Traders