Any Pitfalls of Backtesting???
Just forward test it on a demo account. It is not very difficult to create a backtest that looks very good in the past but fails in the real world.
Back tests are highly manipulative (curve fitting is the oldest game in town with back tests). Fake results are as usual as curve fitting. Do your own forward test
Fixed spread (commission) which can be manipulated in back test and produce false positive tests with changing the spread alone, poor real time data simulation, curve fitting, ... forget about back test "reliability"
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HI everyone. I have EA. And i tried to backtest it. The results were amasing. The profit was great. But this is too good to be true. Im confused. I dont know if i shud trust this results and go to real account. May be i was lucky with my settings and on real account i will lose? Or may be there are pitfalls in backtesting. Can anyone recommend which spread i shud choose so to make backtesting very close to real account. thanks in advance