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bestnets
2008.10.23 06:40
I've read the articles on how the results in the Strategy Tester are derived, but my question is what they really mean when picking a good EA. In other words, a great profit doesn't mean much if the drawdown wipes out the account before the profit is realized. While I know that this is somewhat of a subjective matter, can anyone tell me if there is a benchmark or acceptable level that one is looking to acheive in order to qualify an EA as "good" Thanks in advance for any help sent my way.
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Championship Report: Sixth Week (6-13 November) Six weeks of the competition are behind us now. The Automated Trading Championship 2006 is the half way through. There are continuous movements in the Top Ten. Yesterday's leaders leave their places again. |
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fbj
2008.10.23 11:56
"live results" -- 100's strat tester works on dead data - history and some tics not same as live - iow, demo and live data streams can be different. but demo FORWARD testing better than any type backtesting. as u say, great profit + big drawdown = [most likely] jump out window... live results that are consistent - boringly consistent... and - on average the ea can be 'trusted' to just continue turn handle 24/5 only live results over 100's live trades will give confidence. so many show tester results... BIG DEAL! - virtual profit on dead data - not mean squat. tester may show MASSIVE results in all areas... ok, now put on 'forward' test and simply sit back and wait for 100's of trades to happen. u got NO money... not world end - use demo BUT forward test much and get other broker demos and do MORE forward tests ur question will then be answered simple - got real [demo,live] trade results in front of you. . we all want usd's NOW... we see cool price moves/trends that go on for seem like ever - we dream - we always want NOW . ea sellers see us comming - they know we bite... . so i see ur job as being 100% OBJECTIVE and forget ideas of NOW riches. or better still, bite bullet and sit at screen and trade manually - is riches that way for many... ea attract cuz think just turn on, forget and make money.... Manual trading IS pain big time. IS like watching paint dry. Requires WORK... but - same old story is it not? - most only get wat put in to what doing... . IF u get good robot... well done! . but MUST be real - most never, ever make CONSISTENT profit... without giving u "trades of pain - without gain" :o) . enjoy ride! |