097: Optimization Myths with Jack Schwager
Better System Trader - A podcast by Andrew Swanscott chats with professional traders Larry Williams, Ernest Cha
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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.