Overall good points. But I wished you used a different explanation as to why the algo with 10 years of backtested data suddenly stopped working. It didn't make sense. If someone curve fitted an algo for a period of say months, then it would make perfect sense for it to suddenly stop working as market condition shift in cycles. One could make the argument that with 10 years of data, there are bound to be periods where there could be drawdown for months, but then it would rebound and remain profitable over a longer period of time. Otherwise, with sample size of 10 years to suddenly go out of the window, something big on a macro scale must have happened to the market in which case most algos probably wouldn't have performed well either way. I understand and agree with all the points you're trying to make, but I just think the explanation could have been better.
Great video! You just saved me a potential ton of grief. Thanks! Wouldn’t these EA bots continue to be profitable after purchase if the companies would continually update the curve-fitting equations?
Love this channel, just subscribed. Very helpful information. Very interested in Blue Edge, just heard of you guys.
We are happy to have you!!
Appreciate this info
Glad it was helpful!
Overall good points. But I wished you used a different explanation as to why the algo with 10 years of backtested data suddenly stopped working. It didn't make sense. If someone curve fitted an algo for a period of say months, then it would make perfect sense for it to suddenly stop working as market condition shift in cycles. One could make the argument that with 10 years of data, there are bound to be periods where there could be drawdown for months, but then it would rebound and remain profitable over a longer period of time. Otherwise, with sample size of 10 years to suddenly go out of the window, something big on a macro scale must have happened to the market in which case most algos probably wouldn't have performed well either way. I understand and agree with all the points you're trying to make, but I just think the explanation could have been better.
Thank you for the feedback Yobytae, we will try to further expand on these details in future videos
Great video! You just saved me a potential ton of grief. Thanks! Wouldn’t these EA bots continue to be profitable after purchase if the companies would continually update the curve-fitting equations?
It’s very likely and that’s a big reason we are doing so well as a community regardless of market conditions, we overcome and adapt