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Chapter 21
Computer Systems and the Fallacy of Optimization |
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Over time I have become more mechanical, since (1) I have become more trusting of trend trading, and (2) my mechanical programs have factored in more and more "tricks of the trade." I still go through periods of thinking that I can out-perform my own system, but such excursions are often self-correcting through the process of losing money.
ED SEYKOTA |
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The point is that because people are the same, if you use sufficiently rigorous method to avoid hindsight, you can test a system and see how it would have done in the past and get a fairly good idea of how that system will perform in the future. That is our edge.
LARRY HITE |
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