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Should we be back-testing? TOGS Trading Podcast No 33 S2Ep10
TOGS Trading Podcast
Welcome to the TOGS Trading Podcast. Join traders Ian McFadden and Paul Wallace as they discuss their trading journeys in an effort to help educate and entertain other traders on the real journey; rather than the nonsense that we all see from social media influencers.
This TOGS Trading podcast episode discusses the pros and cons of back testing in trading. Paul and Ian emphasize that back testing is necessary but not sufficient for trading success. They highlight the importance of testing ideas manually and using simulators to avoid emotional biases. Ian shares his process, which includes analysing close charts, using simulators, and spread betting. They note that most back testing ideas will fail, but this is valuable for learning and adapting. The conversation also touches on the limitations of back testing, such as not accounting for emotions and market changes. They stress the need for forward testing to build confidence and ensure strategies work in live markets.
To learn more about Ian you can join his Facebook Trading Channel: Probably Trading | Facebook
To learn more about Paul you can do so here: linktr.ee/tradingbeliefs
You can also follow our trading adventures at www.TOPGSPod.com and also on X @TOGSPod
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By Paul WallaceTOGS Trading Podcast
Welcome to the TOGS Trading Podcast. Join traders Ian McFadden and Paul Wallace as they discuss their trading journeys in an effort to help educate and entertain other traders on the real journey; rather than the nonsense that we all see from social media influencers.
This TOGS Trading podcast episode discusses the pros and cons of back testing in trading. Paul and Ian emphasize that back testing is necessary but not sufficient for trading success. They highlight the importance of testing ideas manually and using simulators to avoid emotional biases. Ian shares his process, which includes analysing close charts, using simulators, and spread betting. They note that most back testing ideas will fail, but this is valuable for learning and adapting. The conversation also touches on the limitations of back testing, such as not accounting for emotions and market changes. They stress the need for forward testing to build confidence and ensure strategies work in live markets.
To learn more about Ian you can join his Facebook Trading Channel: Probably Trading | Facebook
To learn more about Paul you can do so here: linktr.ee/tradingbeliefs
You can also follow our trading adventures at www.TOPGSPod.com and also on X @TOGSPod