097: Optimization Myths with Jack Schwager
Better System Trader · Andrew Swanscott
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Show Notes
Jack Schwager needs no introduction. He's a well known expert in the industry, working for some of wall streets leading firms.
Plus he's the author of the best-selling series of 'Market Wizards' books, which I'm sure most traders on this planet have read! In this chat with Jack we discuss Optimization Myths, referencing some interesting results of a study that analyses the effectiveness of optimization... The results may not be what you expect... And could have a huge impact on the way we test and trade strategies. There are plenty of other nuggets of info too, including:
- The relationship between the best performing past and future parameter sets,
- Why optimization adds very little to the power of a trading strategy and where to focus instead, and
- How to properly assess trading results to determine if it's your strategy or the market that's actually any good.
Disclaimer: Trading in the financial markets involves a substantial risk of loss and is not suitable for everyone. All content produced by Better System Trader is for informational or educational purposes only and does not constitute trading or investment advice. Past performance is not necessarily indicative of future results.