07 Sep 2010 
Support Center » Knowledgebase » Forex Trading Systems » GBPBOT - The sterling forex trading robot » What is a forward test?
 What is a forward test?
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There are two ways to test a system for performance. Forward or backward. So called back tests try to simulate price action in an attempt to display an indication of a system’s possible performance. Back tests can be easily fooled and are unreliable at best. Regardless of what a back test says, it has no bearing on the future. Back tests can be performed in a few minutes.
Forward tests are basically running the system live on a demo account and looking at the results. This method takes a much longer time as you have to wait for the actual test period to pass. So if you want 6 months of forward testing, you need to wait 6 months for them. Despite the inconvenience of having to wait for them, forward testing is undisputed. 



Article Details
Article ID: 30
Created On: 17 Feb 2010 9:54 PM

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