If I run a back test using Strategy Analyzer for the ES 3-20 contract, is the test only valid for dates where there is actually good data for the ES 3-20 contract, or does the Analyzer merge the ES 12-19 and ES 3-10 data for back testing? I have noticed that results for back testing decrease the further back the test is run. I don't know if this is because the strategy is less effective over time, or because there are time limitations on the Analyzer for contracts which have an expiration date.
Thanks
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