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Back Testing Strategies - is it all Flawed? Are BackTests Useless? 🤔 Video

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Backtesting - is it flawed? http://www.financial-spread-betting.com/course/technical-analysis.html PLEASE LIKE AND SHARE THIS VIDEO SO WE CAN DO MORE! Do hypothetical results have any meaning at all? Back testing strategies are flawed. Not everyone will agree with me on this but this is my opinion. I think backtesting in some instances can be misleading. Say you've devised a system or a strategy that works for you and you have it coded out in an algorithm on say, MT4. The point is you have a strategy - if this, then that, then this, then that. If I were to execute this set of rules with those conditions over a certain period of time, what would my results have been? The problem with backtesting particularly when testing longer periods of time is that markets move in phases - a strategy that performs well in a certain period might not perform that well when market conditions change. For me its all about picking the right strategy for the right market conditions and as such you should backtest the strategy for the market conditions you believe your strategy will best work in.

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