Post
Topic
Board Speculation
Re: Ideal buy/sell strategy for maximizing profit
by
mybitcoincharts
on 23/06/2014, 11:47:51 UTC

The only thing that matters is future profits.

Decide on your algorithm now, and come back in a week (.. month, or year) and tell us how much it actually could have made.

It is trivial to find and algorithm have would have traded for immense profits historically. I know if could do much "better" than what the author published above, only by following known fixpoints. But that strategy would not own me even a millibitcoin in the future.

And netiher would the author's. Or...? The proof is in the pudding, as they say.

Thx, now I got what was meant. The term I know for that is prognostic validity. Backtesting the algorithm is a necessary first step, though. If it fails generating profit on past data the probability of doing it in the future is rather slim.