- Search Forex Factory
- ibthescottyb replied May 16, 2015
New thread started for EA testing only. url
Back test starting from $100 to over 180 million
- Testing new Breakout EAStarted May 16, 2015|Commercial Content|45 replies
Based on the back test found in thread {url} It was determined that the test itself was flawed ...
- ibthescottyb replied May 16, 2015
Ok - now that I have a basic user guide written, should I keep it on this thread and post it with the EA or start a new thread that can be specific to the EA and not a faulty backtest?
Back test starting from $100 to over 180 million
- ibthescottyb replied May 16, 2015
Embarrassing I know. but, I always thought it was in pips when back testing. But, you learn something new everyday. Just goes to show why all of my EA's did great in testing but lost in real environments.
Back test starting from $100 to over 180 million
- ibthescottyb replied May 16, 2015
Thanks Magix - Oh, I'm not giving up by ANY means. The possibilities are endless. But, I did want to make it clear that the purpose of the thread was to show off a backtest. But that the test itself was flawed as I was using an incorrect setting ...
Back test starting from $100 to over 180 million
- ibthescottyb replied May 16, 2015
EDIT TO FIRST PAGE- One of my fellow traders discovered a flaw in my testing. So I am sorry to report that this back test is flawed and would never work on a real account. Happy Trading. If was a fun exercise though!
Back test starting from $100 to over 180 million
- ibthescottyb replied May 16, 2015
As I mentioned in a earlier post: 2. LOL. Tablet was also right on the spread on the backtest. I have been testing EA's for so long (prior to the NFA changes of 2009 and 5 digit brokers), I never knew to use 20 instead of 2. Talk about a lightbulb ...
Back test starting from $100 to over 180 million
- ibthescottyb replied May 16, 2015
Oh no, I won't let a bad apple spoil the batch. But, I am human and comments sting. Which is why I have waited for several years before even considering posting one of my designs in a public forum that I have been using for as many years. I don't ...
Back test starting from $100 to over 180 million
- ibthescottyb replied May 16, 2015
That was the plan - but don't need the headaches. I can do this myself.
Back test starting from $100 to over 180 million
- ibthescottyb replied May 16, 2015
I can see that posting backtest results trying to open a forum was a waste of my time. And yours that I apologize for.
Back test starting from $100 to over 180 million
- ibthescottyb replied May 16, 2015
Hi Tablet8, that is one of my older ones that was used to get to where we are today. It had many failures over the long term, but has its value if you want to trade a channel. I thought I wanted to use my design skills to make an income selling EA's ...
Back test starting from $100 to over 180 million
- ibthescottyb replied May 16, 2015
Well, the forum had to start somewhere. Once I have a few more days of forward testing, I will post the EA for testing in the forum with some of the non-essential variables removed so we all can focus on what makes money in at least a demo situation. ...
Back test starting from $100 to over 180 million
- ibthescottyb replied May 16, 2015
Hi Profitkeeper, as I mentioned in an earlier post, I took the screenshots from a backtest I ran just before creating the post to show Fred the EA in operation. If I were to run it during trading hours, the screen shot spread would be different. I ...
Back test starting from $100 to over 180 million
- ibthescottyb replied May 16, 2015
Hi Slianto, Oh, I agree. I started this forum wanting to see where it would go. The backtest results are proof enough for me that I should continue on this course. BUT, there is more work to be done if I want to use this for my own personal trading. ...
Back test starting from $100 to over 180 million
- ibthescottyb replied May 16, 2015
Hi Fred, I think it boils down to what you are looking for. 2 pips profit is nothing compared to large trending markets. But, if I can pocket 2 pips (beyond spread), thousands of times over and over with less than a 1% draw down? When the channel is ...
Back test starting from $100 to over 180 million
- ibthescottyb replied May 16, 2015
Hi Fred, Once the MACD crossover occurs, the EA draws the channel (red and blue lines) based on the highs and lows of a previous number of candles in the past. This number of candles is user definable. In the screen shot, I am using 2 candles in the ...
Back test starting from $100 to over 180 million
- ibthescottyb replied May 16, 2015
Thanks for stopping by!
Back test starting from $100 to over 180 million
- ibthescottyb replied May 16, 2015
Hi Pips, As I said in my first post, I am the first to admit that earlier versions did not pan out and have gone from version 1-3. I would like to see where this one goes and would be happy to share if it turns out to not be another failure. I've ...
Back test starting from $100 to over 180 million
- ibthescottyb replied May 16, 2015
Sure, I will run a quick backtest and take some screen shots to try to explain in a nutshell. Ever since I started trading forex with EA's like A Simple London Breakout V.2 and 7am-9am Big Dog USD Breakout Strategy, I was always fascinated with ...
Back test starting from $100 to over 180 million
- ibthescottyb replied May 15, 2015
Thanks Fred, Well, I have already discovered long ago that back test results do not immediately correlate to real trading conditions. For example, in back test results, there are no requotes, slippage or communication latency issues. When trading on ...
Back test starting from $100 to over 180 million