In the case of Forex Thor, however, which has been sitting proudly at the top of the MellyForex leaderboard for several weeks, I have to be honest at the outset and say that I don't think that those backtests are going to be of much use at all.
To explain my reasoning behind this, I feel firstly that I need to discuss something which isn't specifically related to Forex Thor and which some readers will already be fully aware of. I can only apologise in advance, therefore, if you feel that what I am about to say covers some old ground.
The problem comes about because of the exceptionally short trade duration of all of Forex Thor's trades. A quick peek at the stats page shows that the average trade duration of Forex Thor's trades in its forward test is less than 1 minute, with the longest lasting trade being all over in less time than it takes to boil an egg!
So what difference does that make exactly?