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Results of Backtesting>> Profitable system!! What other tests should I perform?
I would also suggest that you find someone you trust to verify your results. Manual backtests are really easy to "cheat" on, even when you do not intend to.
Whenever I used to do it, I used to filter a few key trades here or there ("oh, I would not have taken that trade right before XXX news announcement") or price targets that got within a tick or 2 would count as wins, etc.
Personally, I'd NEVER trust manual backtest results that I obtained from looking at a chart to determine my trades...
First I have to thank you for taking the time to reply back to my thread Kevin.
I understand what you mean, but I took every trade without even knowing what the respective news announcement was at the time, and I only considered price hitting its target if price broke the target by one tick..
I personally, do not know anyone who I trust who is competent enough to check it, only randoms off the internet.
In that case, I suggest in a few weeks (after you have forgotten the specific trades) you go back, and run the manual backtest again, without looking at previous results. If they turn out exactly the same, you did well!
I never included slippage, but commissions yes I did....
I performed three, what I call, "retests" which are retesting the entire sample with a different rule (1. target calculation 2. Stop calculation 3. Different stop calculation)
Actually yes I did backtest on the 6E, but I intend to trade it on the m6e, due to it being a lot more affordable..