Comment on Mr Consistent returning incredible returns
Karuna,
In my opinion, back testing is not about samples but how long it has been tested. If it can include couple of market cycles, thats the best parameter to test your idea. I would say 8-10 yrs is a must.
I don’t go with samples because sample size is based on the strategy. There are strategies which trade only twice a week and there are ideas which have 5 trades in a day. So, you can’t just go with samples. But ofcourse, anything less than 100 samples is not gonna cut it either.
Hope you understand.