122 CHAPTER ◆ 1 1 Check Performance
position management, and risk management logic compared against known results gener-
ated during backtesting. Proper testing will ensure the correctness of new systems and
increase the probability of success.11.8.1. Best Practices
● Use walkthroughs and inspections to ensure quality.
● Conduct unit tests to ensure pieces of the system are correct.
● Document the need for performance monitoring tools necessary for implementation.
● Document procedures for white, gray, and black box testing and acceptance test run
packs, the gold standard results for backtesting in the next stage.
● Use a team approach to testing.