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Interesting. It's also less data + more fitted, so higher expected future volatility.

Out of curiosity, what's the difference between a strategy that you test like this one & a strategy that you trade live? When you run it live, do you add stop losses & etc? Or just trade it as is

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Never as is. At minimum, I add risk management measures (filters, different position sizing, etc), but usually not stop losses in mean reversion strats as they degrade the performance

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