Here is the best result that I get with the good "time filter" version.
I will try to add some filters for ranging markets.
EU M15. On one year.
Total net profit : 1061.30%
RDD : 27.37%
The results that I'm getting in demo after 4 days with
Total net profit / RDD
The default version : 5769 / 4.07
The "(modified)" version : 8111 / 5.12
We have to say that the market is doing an exceptional long trend. I have also excellent results on various ea, like your lucky, my lucky, level scalper, ... codes designed for trending market.
I'm new to this forum and this is my first post.
First of all, I would like to thank you for sharing all your work and backtest results with us. It has been very informative and I appreciate your efforts in helping people modify and improving their EAs, sharing the information on this forum.
Last night I started live testing this OverTrade BS (modified) on a $5000 demo account and the results were really unbelievable. $1000 profit in just under 12 hours. Traded on the EURUSD 15M chart.
I wonder if you can roughly tell us how this system works and have you traded live (real money) with it? Do you think it is safe to just leave it running 24 hours on a $500 account?
My backtest results gave me sometimes bad results within a short timeframe. But as we all know, there is a limit to how much we can trust backtest results. So far, have you encountered "bad" days which can blow the account during live trading?
By the way, I am a newbie in forex but I have some experience in programming and trading equities. I hope I can contribute more in future to this forum also.
I just lost almost all the profit made last night. This system is too unreliable. Seems to only work on backtesting for the period Dec 07 to Dec 08. If I run it in Jan, acct gets blown.
Originally Posted by OnTheRoad
Looks great! What are the setting you are using for this forward test?
Hi Scizor and welcome,
Originally Posted by Scizor
In that case, try to do your own optimization. It's easy as this ea can be backtested quickly. As you can see on the graph, for the moment, there is still big drawdowns that will eat your account, if you start at the wrong moment.