Is BackTesting Report just for mechanical traders?
A13. BackTesting Report can help discretionary traders and investors as well as mechanical traders. So far we have yet to come up with a fully mechanical strategy, but that is a reasonable goal. In any event, discretionary traders use well-defined indicators and strategies too. Its useful to everyone to know what has worked in the past and what didn’t. In fact, it may be even more important for a discretionary trader to fully understand the nuances of the track records of the indicators they rely upon for insight into the markets.
Testing Report can help discretionary traders and investors as well as mechanical traders. So far we have yet to come up with a fully mechanical strategy, but that is a reasonable goal. In any event, discretionary traders use well-defined indicators and strategies too. Its useful to everyone to know what has worked in the past and what didn’t. In fact, it may be even more important for a discretionary trader to fully understand the nuances of the track records of the indicators they rely upon for insight into the markets.
