The System Behind The System by Merlin Jeffries
ARTICLE SYNOPSIS ...Stocks & Commodities V. 24:2 (68-70): The System Behind The System by Merlin Jeffries
Tired of finding systems that worked well in the past but are deficient in predicting the future?
Back when I was a novice system developer, I would get excited by every marble-smooth equity curve I stumbled upon. Incredible backtest results in hand, I would start trading those systems with real money, only to find they were big losers in real-time. What happened?
What happened is that the systems I was finding, while
excellent at predicting the past, were deficient when it came predicting the future. This...