in the appropriate chapters. He never goes too deep, but always is deep enough that even people with years of experience can pick up one of the other gem. Strategy development and testing done incorrectly will lead to real- time trading losses. And, as I can only repeat, Robert Pardos The Evaluation and Optimization of Trading Strategies is a thorough book. I see that next week we upgrade our database server to 3tb so we can keep all the results in the database for online analysis. Not only that, but we are building and rebuilding our infrastructure around his concepts because they are sound. My tip: Read.
Formulation and Specification, preliminary Testing, search and Judgment, optimization. It is nearly impossible to. Robert Pardo assumes that the Profit of a backtest is optimistic and suggests correcting profit and loss (separately, the loss higher, the profit lower) to come up with a more conservative expectation. Having your own framework is good Reflexo will show this calculations in a week or two. Which means to rather error on the careful side. It is better to look for a stable plateau. A total of 317 pages. I hope there is a third one time, or at least a reprint / print on demand.
He shows the reader how.
Robert Pardo trades investor funds, and that for many years.
He does so automated.
This is a significant credential.