Can you handle doing the change in the Main Signal section, as in my post above, and run another backtest over the same period ?
That is do the change to add in the "error" so both 'if' statements have it.
The buy & sell stop orders are removed after the "Expiration" in minutes, if they haven't been triggered by the price changes.
Babypips.com should have an explaination on BuyStops & SellStops.
Try What is the difference between a Stop and Limit Order? - BabyPips.com Forex Forum
Last edited by bt2; 07-01-2009 at 03:30. Reason: was version 1.1
I'm testing vForce 2.0.2 and the first few days look good. I had quite a loss yesterday but it is recovering fast.
Discussing the other ea's here would be off-topic. The others well discussed at Pip Cop - Forex Robot Reviews and in the facebook group "finding the best forex adviser" I'm under the same username in both groups and after you've read those I'd be happy to share my experiences.
If you backtest you can get an idea how something has peformed over a long period in a matter of minutes, if you just use forward trading then you would have to live trade something for years before you know if it was good or not.
You only get an indication in forward trading for a short period of time, because i can not see most people testing something in forward mode for years, the reason why it is better to have something that is back testing well over a longer period and then put in on forward trading to see how if it continues.
I will only ever trade an EA live in forward if it has done very well in my backtests after it has been optimized, i would never trade something live in forward if it did not do well in my backtests and especially if i could not find any good optimization settings.
So.. can someone point me in the right direction? Is this EA profitable for you all in June? If so, which version and settings were used? If not, why not? Its very strange!
"An EA author can tweak the settings in their EA to provide excellent results when backtested, but when you put it on a live account the results are disastrous. Even with 90% modeling quality, backtest results are still unreliable.
A huge issue with back testing is that the data is not tick -by-tick . History data is bar open and bar close. That means the best data you will get is 1 minute.
As we all know, in one minute the market can move quite enough to ruin your account. Therefore, backtested results really are useless because the data can vary widely from broker to broker , and depending on where the are getting their data feed. (There are some exceptions to the rule, such as with a quality tester such as Forex Tester which can do tick -by-tick modelling.)
Backtesting usually provides the "best case" scenario, and often publishers simply pick the settings for their robot that have the best results, not the safest, most reliable, or most realistic. There are many robots I test that have crazy TP settings of 100+ pips, when in forward testing 10-40 pips would be more realistic and profitable. As a result, when I test those robots, the tend to fail very quickly because the authors simply are fooling themselves into thinking their robot will make them rich, without thinking about the reality of the market.
Backtesting has caused many traders to lose tens of thousands of dollars using EAs that suck! Don't be fooled by backtesting!"
You can read more about it here.
For example backtesting divergence trader on a 5M chart gives me decent results but when I run it live it's a loosing beast. I only use backtesting for curiosity and perhaps just to get an idea of what might happen but I never take the results too serious.