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TIP: Why bother backtesting if past results can't guarantee future results?

Discussion in 'Education, Tutorials & Courses' started by FXStreet_Team, Oct 15, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    So why bother backtesting if past results can't guarantee future results? Because in trading the statistics does help us to define an edge, that is, a greater possibility for one thing to happen. Here we must use the word possibility, because we are dealing here with probabilities. When building a system you want to look for patterns in price that repeat with some frequency. You want to repeat what has worked and avoid what hasn't. Therefore you need to go back in time and determine how many of

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