152: "Backtesting trading strategies does not work" - John Ehlers

This podcast episode delves into the complexities of intraday trading, focusing on the challenges of predicting price movements due to market noise and the necessity for traders to adapt their strategies based on market regimes. John emphasizes the pitfalls of backtesting and introduces genetic optimization as a pivotal tool for assessing strategy robustness. He outlines best practices for walk-forward testing, tailoring approaches to fit different trading styles while advocating for a conservative yet effective trading philosophy through his platform, "Be Your Own Hedge Fund." Additionally, John invites traders to enhance their skills by participating in his comprehensive workshop focused on developing market strategies.