I am fine with what ever decision is made by p123, there are arguments for and against showing the in sample data.
P123 owns the product, has the responsibilty and decides, basta!
I trade some of the r2gs I offer by my self and I have to say, that the ISS Data and capital curve is very valuable for me
in Drawdown situations. I look at the capital curve or drawdonw curve in sample capital curve and ask my self, is this “normal behaiviour”, if yes
I know everything is okay and Keep on trading (that happens a 100 times to me a year, so p123 really supports me to have diszipline,
I rationalize via p123 from week to week so to say).
I also love for example my big cap momentum System, because it behaves very “regular” e.g. squeezing out Alpha step by step, month by month
and not going flat for 12 months and then having a Monster month.
This for me is a sign of a good System, but you can only see that, if you can use the in sample behaiviour.
But hey, as I said, there are a lot of arguments for and against it…
And once again, smart Alpha is for me only 5% of the value of p123, it is nice to build up Reputation and for helping me: “see it works”, you
have not tweaked a System for 2 years and the Performance is fine (if I had no r2g I would think, you might have tweaked it, so
you might ly to your self, then it would be harder to follow it).
I also think, that there is no way of protecting Investors / Traders, p123 is simply not a Money printing mashine, something like that simply does not
exist, you do the mistakes: dessinging Systems (and lying to your self without knowing it) or if you choose r2gs, there is no
short cut for the most of us (at least not for me)
Regards
Andreas