Automated Trading Machine (ATM) makes it simple to remove fear and greed from your trading. Automated trading is no longer just for the rich or nerdy. Our revolutionary software runs on your computer, using your trading rules, but none of your emotions. There's just one requirement - you know how to use a mouse. Learn more...
The Problems With Backtesting Wrap-Up
The holy grail of backtesting is to get it as close as possible to real life trading. Should you have true and accurate tick data, backtesting can be very close to reality. But, most people have just daily data. Sure we know the open, high, low, and close, but assumptions need to be made about what happened during that day. As long as your assumptions are reasonable, and lean more towards the pessimistic than optimistic, then accurate backtesting can still be done.
Inaccurate backtesting is a waste of time. And will probably end up a waste of your money, too.
When we have accurate backtesting, we can start to filter the good trading systems from the bad. And then start trading the good systems in a demo account. Testing your system in a demo account requires no assumptions. Do well there and you should do well in real trading (forgetting for a second about trading psychology and emotions and all that, if you're trading manually).
Our automated trading machine of course takes into consideration the issues highlighted in this series. Download it and give it a shot :-)
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Recent blog posts
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