Lagging Indicators and the Problem of Overfitting and Underfitting Data to Support Dodgy Ideas

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Lagging Indicators and the Problem of Overfitting and Underfitting Data to Support Dodgy Ideas

Technical trading is a multifaceted and oftentimes confusing set of rules and oscillators/indicators that miraculously help you arrive at a proper e-mini trading conclusion. From the onset let me say that there are certain aspects of technical trading that are both helpful and extremely accurate; with that being said, there are other aspects of technical trading that are simply laughable. Yet novice traders, oftentimes at the beckoning of their e- mini trading educators, continue to use these indicators which empirical research has repeatedly shown that their usefulness is nil.

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