Here is the backtesting based on the DayTrading expert advisor, with the default settings, on one year.
Lots : 0.1.
Total net profit : -8.74%
RDD : 18.66%
Here is now a modified version. You will be able to do some optimization.
lots=0.1; RiskManagement=true; Risk=23; trailingStop=20; takeProfit=30; stopLoss=75; slippage=3; nameEA="DayTrading"; separator1="---------------- MACD Settings"; FastEMA=32; SlowEMA=26; MACDSMA=20; separator2="---------------- Stoch Settings"; Kperiod=5; Dperiod=3; Slowing=3; separator3="---------------- pSAR Settings"; Step=0.0217; Maximum=0.2; separator4="---------------- Momentum Settings"; MPeriod=16;
Total net profit : 433.22%
RDD : 29.85%
What news about this fabulous EA ?
A couple of questions:
There are 3 indys in the EA : MACD , Stoch and PSAR.
How the orders are triggered ?
And why there are few orders ( only 27 yearly in the statement )
Buy : long signal on Parabolic SAR, Momentum under 100, main MACD under signal MACD, and Stochastic under 35.
Sell : short signal on Parabolic SAR, Momentum over 100, main MACD over signal MACD, and Stochastic over 60.
There is only few orders in the second backtest because of the optimization.
I'm testing different expert advisors, free and commercial ones, amond them Daytrading. In forward testing (2 months now) I have very good results with the original version, but with stop loss set at 35, other settings as default. I'm quite new with expert advisors trading, so I don't know how to perform a good back testing and optimisation. Coud you try to do it with this EA with these settings? For the moment the performance are better than a lot of commercial EA.
Could have potential...but why call it "Daytrading" as it seems to not trade very many days, much less everyday...Am I doing something wrong?