[B]MANUAL BACKTESTING THE MACFIBO[/B]
I am wondering if anyone even bothered to backtest Macfibo atleast over 300-400 trades (though I know few of you evidently are doing this though). And if you do, I am wondering how exactly do you guys perform this manual backtest and do you even log it in a spreadsheet or not and recording any abnormal/interesting findings whilst you backtest the system.
Objective of Backtesting the Macfibo should be [B][U]to determine the following[/U][/B] :
a) The average performance during trending market
b) The average performance during choppy market (ESPECIALLY THIS)
c) The longest winning streak and it’s accumulative profit
d) The longest losing streak and it’s accumulative losses (ESPECIALLY THIS)
e) The best market session in terms of winning probability
f) The worst market session in terms of losing probability (ESPECIALLY THIS)
g) Account condition after 10 consecutive losses (if any)
h) Account condition after 20 consecutive losses (if any)
The list can go on. Basically, it is to TEST the system RIGOROUSLY so we know the system capability (and incapability) left to right, inside out. My question, were these questions you asked yourself when you backtest this system (any system for that matter)? I want to share how I do my backtest (for FREE as always!) but is anybody prepare to work hard and do the painful slow process of examining Macfibo VERY VERY thoroughly like it’s the ONLY cure for an outbreak?
I want to know this. I admit the system has it’s weaknesses and some traders suffers losses and blamed the system (I can understand that, I’ve been there before) but my question for the ones who gave up on MACFIBO and the one who currently just know how to complain it’s weaknesses : Have you really backtest this system with asking questions like the above and test it without prejudice (for eg without skipping the bad looking signals) ?
[B]"…I backtest not to find how profitable it is but to find how it can blow my account"[/B] - me :38: