{"product_id":"stcov251fofo7","title":"Stocks \u0026 Commodities V. 25:9 (16-18): Forex Focus by Patrick Nouvion","description":"Forex Focus by Patrick Nouvion\u003cbr\u003e\u003cbr\u003eBacktesting And Forex\u003cbr\u003e\u003cbr\u003eDoes backtesting produce valid results for\nforeign exchange trading? Heres a study\nthat answers this question.\u003cbr\u003e\u003cbr\u003eFor many years, backtesting and simulations\nhave been banished from my toolbox. I only use these tools as debuggers\nand I never look at the results. I have told\npeople that backtesting is useless without\nactual historical tick data, and only a dreamer\nwould believe all these simulation reports. I\njust got my hands on historical tick data from\nmy broker, so I thought I would do some\ntesting. I decided to check to see if I was\nwrong in steering people clear of backtesting\nand overoptimized systems. Or was I right in assuming that without historical tick data, simulations were\na waste of time?\u003cbr\u003e\u003cbr\u003eThe first thing I did was choose a system to test. The moving\naverage convergence\/divergence (MACD) sample that comes by default with MetaTrader is available for free and everyone\nwho uses MetaTrader has access to it. Using the default\nsettings on the MACD sample, I ran a simulation on a oneminute\nchart of EUR\/USD from January 1, 2002, to April 1,\n2007, using every tick option (Figure 1). The results are\ndisplayed in Figure 2.\u003cbr\u003e\u003cbr\u003e","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52134119440753,"sku":"\\V25\\C09\\168NOUV","price":2.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_8f0fdb12-b289-48dc-84b1-d1979873c7b4.jpg?v=1739667353","url":"https:\/\/shop.traders.com\/products\/stcov251fofo7","provider":"Stocks \u0026 Commodities","version":"1.0","type":"link"}