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Thread: Master_Candle EA

  1. #11
    Member
    Join Date
    May 2009
    Location
    San Diego, CA
    Posts
    50

    Talking And need help

    I am going nuts.. LOL, I just cant get my strategy tester
    to give me the right results.

    Can someone please do a backtest. 1 year from today back
    1 year using this ea. Please do several pairs if you can
    on 4 hr and 1 hr. Please!!

    Pair TP/SL
    Eur/Usd 50/50
    Gbp/Usd 50/50
    GBP/Yen 100/00
    Eur/Yen 100/100
    Usd/Yen 50/50
    Usd/Chf 50/50
    Aud/Usd 50/50

    Any other pair you like??

    If someone can help..thank you so much!

    Brian

  2. #12

    Default forget it !

    hi,
    Please forget this strategy tester.
    you can have a financial market is not free.
    Please make them take a demo account for 10 currencies and test 30M, H1 and H4. a month they will see whether the ea and win brings works or not!

    best regards
    viennatrader

  3. #13
    Member
    Join Date
    May 2009
    Location
    San Diego, CA
    Posts
    50

    Default Vienna Trader...

    What time frame do you prefer? Or do you use different time frame
    based upon which pair?

    Yes agreed...I think I am taking strategy tester with less
    than a grain of salt.

    Thanks

    Brian

    Quote Originally Posted by viennatrader View Post
    hi,
    Please forget this strategy tester.
    you can have a financial market is not free.
    Please make them take a demo account for 10 currencies and test 30M, H1 and H4. a month they will see whether the ea and win brings works or not!

    best regards
    viennatrader

  4. #14

    Default

    First I also thought back testing is totally unreliable till I witnessed one trader on tsd forum making great weekly optimizations that do work in forward tests. He told me, one has to collect tick data for that. Just 1min data or Historical MQ data isn't going to be back/forward test reliable, you need tick data continuously collected for few months.
    Then you get somewhat reliable back test results. Also one has to compare forward tests versus optimization pattern (data duration/variable selection). There are certain optimization patterns that show even greater results on forward tests. So this is more of an art.
    Of cause this applies to quantitative and sophisticated rule trading systems like nero nets that rely on weekly optimizations.
    Simple rule or data action systems need forward testing
    Last edited by Metatrader7; 06-22-2009 at 19:57.

  5. #15
    Junior Member
    Join Date
    May 2009
    Posts
    18

    Default

    I don't get a smiley face when I installed this, it is in the EA folder.
    Is there any file that I am missing?

    Andy

  6. #16
    Senior Member
    Join Date
    Jan 2009
    Location
    Australia
    Posts
    631

    Default

    How could backtesting be unreliable. How else can you see how your system would perform in past trading, if something has done well in the past then there is a greater chance it will do well in the future, only common sense.

    I optimize all my robots on a monthly basis and they continue to be profitable for me, how does one know what imputs to use unless you optimize the robot, the same imputs do not work for all pairs and time frames, they are all different and as such need continued optimizing.

    Since the market semtiment changed quite quick, the only way to keep a head of the pack is to optmize on a regular basis, like i said above i do it every month MAX!

    Quote Originally Posted by Metatrader7 View Post
    First I also thought back testing is totally unreliable till I witnessed one trader on tsd forum making great weekly optimizations that do work in forward tests. He told me, one has to collect tick data for that. Just 1min data or Historical MQ data isn't going to be back/forward test reliable, you need tick data continuously collected for few months.
    Then you get somewhat reliable back test results. Also one has to compare forward tests versus optimization pattern (data duration/variable selection). There are certain optimization patterns that show even greater results on forward tests. So this is more of an art.
    Of cause this applies to quantitative and sophisticated rule trading systems like nero nets that rely on weekly optimizations.
    Simple rule or data action systems need forward testing

  7. #17
    Junior Member
    Join Date
    Mar 2009
    Posts
    20

    Default

    I am doing forward testing on this EA on GBP/USD time frame of H4 in my VPS. I will publish the result from time to time at Forex Review Empire. Check it out for more data. Thanks
    Forex forward testing result located:
    http://www.forexreviewempire.blogspot.com/

  8. #18
    Junior Member
    Join Date
    Mar 2009
    Posts
    20

    Default

    Good Morning,

    I tried forward testing for a week and publish my result in my blog Forex Review Empire with positive earning but only one trade for the whole week. Anyone getting the same result? Thanks
    Forex forward testing result located:
    http://www.forexreviewempire.blogspot.com/

  9. #19

    Default Both back/forward testing are needed

    Quote Originally Posted by wannaberich View Post
    How could backtesting be unreliable. How else can you see how your system would perform in past trading, if something has done well in the past then there is a greater chance it will do well in the future, only common sense.

    I optimize all my robots on a monthly basis and they continue to be profitable for me, how does one know what imputs to use unless you optimize the robot, the same imputs do not work for all pairs and time frames, they are all different and as such need continued optimizing.

    Since the market semtiment changed quite quick, the only way to keep a head of the pack is to optmize on a regular basis, like i said above i do it every month MAX!
    **************************
    Agree, truth is somewhere in between,
    To take real advantage of back tests one has to forward test and compare both methods, then you can tell what back test does and what it misses. Then you know what variables can be optimized in back test and which aren't. It does vary per system. It requires lots of tweaking experience and skill to do it right. Not all manual traders are adept tweaking wares. Not all aspiring programmers have enough trading sense either.
    So blind reliance on back tests without considering forward test results does no good either, cause results can be back fitted or overoptimized. One has to keep in mind both ends of the story.
    ********
    That adds complexity, not everybody can handle that. Pure forward testers are closer to real trading though even lacking back testing skill.
    ****
    P.S. Who said trading is difficult? It is simply complex. HaHa

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