Is backtesting reliable?

[axehojouojezo]

Backtesting is statistics based on past results.

If the market did the same in duration for 10 years, it does not mean that it will perform the same in the future but it may.

Do you think backtesting is reliable?

[Augusttela]

Seems to me that backtesting is just like the pattern or the history of the market and it is reliable in predicting the future, though there are other factors to be considered, don't rely on this thing fully.

[Aveleoau]

The strategy which has one exception in the past 10 years and was proved to be false once. Can mislead, hundreds of times in the future. Well, everything will have an exception. Backtesting is useful, and you might find that your strategy is accurate. Proper management to your risk and reward, you can be a winner with it.

[awikuvakumije]

But always put in mind "conesecutive losses".