Forward testing is when you use a strategy and instead of back-testing it with previous data you actually test it going forward and preferably with real money.
For my new system MOV became that victim stock to be tested.
I first got a buy signal on April 17 2009 (Bought on the 20th at market open), i got in at 7.67.
I got a sell signal on May 5th 2009 and I sold at 8.81 with a market order.
I got about 14% profit on a 19 day long trade.
I don’t have a chart to post with this one but just wanted to say this first forward testing trade worked well.
Here’s to more good trades.