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  1. 6 votes
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    Cem Kaner commented  · 

    I initially dismissed this because I thought the impact would be relatively minor for the research I was doing. For example, I was comparing different VectorVest stopping rules and I expected the impact to be similar across the different conditions (so I could ignore it). However, all of my backtests produced results that were strikingly better than I expected. I was a stock market genius! So I tried some simple backtests that I could check elsewhere and the results came out so much better from VectorVest's backtester than what I think were the actual real-market results that I have no idea whether the impact of its bugs (e.g. survivorship bias) interacts differently with some conditions (e.g. different stopping rules) than with others.

    As a result, I no longer use the backtester for anything. I can't figure out how to determine, in a compare-this-versus-that student whether the differences in results come from the differences between my test conditions or from a stronger effect of the bugs on some conditions than others. I can't find a way to trust the data enough for it to be useful.

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  2. 2 votes
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  3. 2 votes
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  4. 2 votes
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  5. 2 votes
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  6. 3 votes
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  7. 2 votes
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    Cem Kaner commented  · 

    I've been walking through the actual purchases in my backtests. My search requires stocks with Rec = Buy, but I am buying stocks that were buy yesterday but have dropped in price and are now Rec = Hold. This should not be happening.

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  8. 2 votes
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  9. 4 votes
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  10. 3 votes
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  11. 3 votes
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  12. 3 votes
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  13. 4 votes
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  14. 5 votes
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  15. 6 votes
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  16. 7 votes
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  17. 17 votes
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  18. 42 votes
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  19. 55 votes
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  20. 50 votes
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