I Built A Trading Bot For Lewis Jaffrey (3 HOUR PROCESS)
Most traders are on a wild goose chase... Spending 100s to 1000s of hours back testing by hand and today my friend @Lewis Jaffrey showed me his strategy That he's been perfecting for the last 18 months. He show me the stats and it was profitable SO I HAD to see for myself... I backtested and coded the entire strategy (feel free to click through the 3 hour video if you're curious to see the behind the scenes) Mind you this is a strategy... He's spent 1000s of hours painstakingly back-testing every single trade by hand. He's gathered 1000s of samples, and the strategy seems profitable He's even paid a developer to code it up and trades real live capital with it. The problem with back testing by hand: - Doesn't accurately account for slippage & commissions - Data is inaccurate - Takes too long And this can lead to having overconfidence in a strategy that in reality is net unprofitable long term. And I don't do this to S&*T on any particular trader or strategy. But to save traders DECADES of blindly pursuing a strategy that ultimately loses money. (and its not just Lewis, its ALL TRADERS) Which is exactly why I back test all my strategies with code across 20 to 30 years in Tradestation. - Includes commission & slippage - 10x more data - Data is accurate And in the last few mins of the video I give a quick preview of how I DATAMINE for strategies So that you don't waste years & $1000s of dollar trading a strategy that has no edge (skip to 2:52:30 to see) P.S. Are you in the same situation as Lewis? Comment below your experience with back testing strategies by hand.