WickCheck / Trading school / Forward test
Forward testIntermediate
Trading the strategy on new data, in real time, usually on demo or small size, after the backtest.
What it means
The backtest finds out whether the rules have an edge. The forward test finds out whether you can actually execute them.
How to spot it
- Same rules, live market, a journal of every trade.
Common mistakes
- Skipping it and going straight to full size.
Related terms
BacktestRunning a strategy's exact rules over historical data to see how it would have p…Sample sizeHow many trades a result is based on. Small samples can look great or terrible b…
Why most strategies need a human behind the screen
Read the lessonWhat a mechanical test can and cannot tell you about smart money concepts.
Education only, not financial advice. Definitions vary between teachers; these are ours, written for clarity.