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Originally Posted by fxscalper90
Nice going but backtesting doesn't work.
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That's a silly generalization. What do you mean by "work"?
If you have a reliable data set, and flawless logic that applies the strategy
correctly to the data, backtesting DOES show how a strategy WOULD have
performed.
Now, a whole other question is whether backtesting indicates future results.
Of course not. But a well implemented backtest engine with data from a reliable source (preferably the one you plan to trade with) is a good indicator
of the soundness of a strategy.