Hi all
How many bets at set units showing Profit will one consider that a bot is working and will produce profits long term moving forward ?
500 enough ?
How many bets - Winning strategy ?
There's no set number for testing a strategy. It largely depends on the nature of the bets/trades. Backing 10/1 shots will generally require a much lengthier test than even money shots. Similarly, Trading strategies that have high liabilities for the profit returned will also need a long test. I prefer to have raised confidence the longer a trial runs for rather than a definitive point that declares success. Strategies that have consistent weekly/monthly profit as opposed to winning and losing months increase my confidence.