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Casey 

 

Back testing is very useful, to catch charlatan education in books and internet sites.Here fake price action gurus get caught with EAS( automated programs to back test nonsense education from frauds.It catches he fake gurus and opinions on forums.

 

It catches the the quacks  who trade high spread instruments, that lead to their failure.

 

https://community.ig.com/t5/General-Trading-Strategy/EAS-robots-to-test-probabilities-and-eliminate-charlatan-trading/m-p/26279#M1935

 

Thanks for this back testing thread.Most back testing is useless.

 

http://www.trade2win.com/boards/educational-resources/223150-most-back-testing-useless.html

 

If back testing on excel ,manual back testing or using automated software , then applying it on manual trading ,it will be totally inefficient back testing.This is because backtesting has no emotions , stress or any phsychological handicaps being back tested .Backtesting in such an inappropriate environment without emotions , stress or any phsychological handicaps , for which it will not be used , is useless and the dumb trading industry does it .

Results are much worse on actual trading .Most people can not replicate demo results or back testing results on live accounts.On live accounts ,trading psychology , execution liquidity and human commands element is involved 

 

It is about time to leave the nursery for you.

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