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Last night I ran some backtests with some simple trading systems.
The results are amazing:
For example,
In 3 years from 11/03/2001 to 11/03/2004, with 10K initial account
value, you'll get 5.3M trading only YHOO. (long/short).
The result will be even astonishing if you use margin and trade
options.
So come some questions:
1) How reliable are these backtest results?
2) How's the progress for AB's feature of automatic trading with IB?
3) Better yet, is there a broker that accepts a trading system from
customer and does program trading?
Basically, open an account with 10K and let the program run every
trading day, then forget it. Three year later, you check your account
finding out you are a multi-millionaire.
How sweet is that? :-)
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