L-EarningCharts

Backtesting a Strategy — Trust, but Verify

7/6/2026

basics
guide

Backtesting replays your rules on history: would this have worked, and how badly does it hurt while working?

Level by level

Beginner

Rules must be mechanical enough for a stranger to execute; 30-50 historical setups marked by hand teaches more than any indicator purchase.

Intermediate

Include costs and slippage; judge expectancy, max drawdown and streaks — not just the win rate the course seller advertised.

Advanced

Overfitting is the silent killer: optimising parameters until history looks perfect guarantees the future won't. Out-of-sample splits and walk-forward testing are the honesty tools.

Common mistakes

  • Testing on the same data you tuned on
  • Ignoring costs — the strategy tax that eats small edges

Practise & tools

_Educational content only — not financial advice. Historical behaviour never guarantees future results._