No it doesn't.
Here's a brief thread with comments from Euler, LinusP, Dallas and me all basically saying just that viewtopic.php?f=37&t=19982&p=205043&hilit=
I stand by what I said, and already understand what is in that thread...and is within my expression of reasonable...
I completely agree with you Goat regarding the psychological approach to strategy development - back testing is all theorygoat68 wrote: ↑Thu Nov 25, 2021 7:48 amI stand by what I said, and already understand what is in that thread...and is within my expression of reasonable...
Backtesting v paper trading is the same emulation, but what is different is the psychological approach to strategy development.
Bactesting is all theory
Paper i can watch the live dog race, evaluate prices, watch dogs run, compare market view vs my model, and examine a single race in detail
Sorry that was a mistype... I meant increase commission to help reduce PCCardano wrote: ↑Wed Nov 24, 2021 10:04 pm"There are plenty of people who reduce their commission by straight backing and laying."Trader Pat wrote: ↑Wed Nov 24, 2021 9:48 pmStraight backing or laying is only gambling if you don't know what you're doing. There are plenty of people who reduce their commission by straight backing and laying.
Just like back testing is only pointless if you don't know what you're looking for. If you spot something when trading live you can then back test the data you've collected to see if it repeats. However collecting data and then looking for patterns in it is probably not so worthwhile.
Can you explain that comment a bit more