Ooooooowww you’re going to get chastised by Fid talking about backtesting again.
Don’t worry, his bark is worse than his bite and it’s the weekend and the good guys have a bit more time to put great posts together as we saw from him and Gmund yesterday.
I love your in depth numerical practices, I can remember doing all the backtesting with some folks a few years ago but not to the level you’re talking. At chart school you’re taught to use entries, holds and exits rather than the buy hold sell emotional trap. Having the pad and pen next to the keyboard is great, I fill a white board every day with notes.
As we went through all the testing of different indicators it occurred to us the further we went that it was the best way to eliminate different indicators one at a time as they simply didn’t help nor were they effective enough for good entries and even better exits.
But we arrived at the pointy end of trialing where a chartists own temperament and way of thinking needed to be factored in to all discussions and lists of numbers/results of each combination of a few indicators had merit. It was also confirmed that a few like minded folk would achieve a better outcome if they came from a slightly different set up of indicators.
Point is, great that you’re backtesting to establish your own combinations to rely on and hone.
Cheers.
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