James Brown, a friend and student, did a round of backtesting today and I just couldn't resist sharing it with you.
James says:
Here is some of the back testing I did last night on the surprise trade as per our discussion yesterday. Interesting how something with a terrible win/loss ratio still makes good profit over time.
It's not just about the win percentage! James did a round of testing on a system that I teach. He wrote down some rules, he followed those rules, and tracked his results. He has more testing to do, but this is a wonderful start; most people never test 1 trade, but James is on his way to becoming a great tester.
