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{{ | {{a|devil|{{image|Hindisght glasses|jpg|Some [[backtesting]] goggles yesterday}}}} | ||
{{d|Backtesting|/bakˈtɛstɪŋ/|n| | |||
}}Here’s what [http://www.investopedia.com investopedia] has to say about backtesting: '''''Backtesting''' is the process of testing a trading strategy on relevant historical data to ensure its viability before the trader risks any actual capital. A trader can simulate the trading of a strategy over an appropriate period of time and analyze the results for the levels of profitability and risk.'' This makes it sound sensible, measured, prudent and not the [[Snake oil|systematically moronic]] idea it is. Backtesting is one of those [[cognitive dissonance]]s that has passed, for now, into embarrassed history, but is sure to re-emerge the moment the markets regain their giddily optimistic resting state. Markets are fueled by the self-confident delusions of vain men. | }}Here’s what [http://www.investopedia.com investopedia] has to say about backtesting: '''''Backtesting''' is the process of testing a trading strategy on relevant historical data to ensure its viability before the trader risks any actual capital. A trader can simulate the trading of a strategy over an appropriate period of time and analyze the results for the levels of profitability and risk.'' This makes it sound sensible, measured, prudent and not the [[Snake oil|systematically moronic]] idea it is. Backtesting is one of those [[cognitive dissonance]]s that has passed, for now, into embarrassed history, but is sure to re-emerge the moment the markets regain their giddily optimistic resting state. Markets are fueled by the self-confident delusions of vain men. | ||