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Forward Testing vs Backtesting. I'm going to approach this from a discretionary trader's perspective. Does backtesting really work? How do you perform a backtest? OK.

- Backtesting - looking at history
- Results can look amazing
- Danger of curve fitting
- You don't really know how the strategy will perform in the real world
- Forward testing can be done manually
- How do the rules perform live?
- Difference in results can indicate how robust system is

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