Is my expert good enough?

I am not a specialist but I can certainly say that the testing period is far from long enough.

in addition, would you still let this EA trade if he lost 48% of your account?

I would go for it, but with only money you can afford to lose and after profitable demo trading.

The potential for profit is high, but the graph is quite choppy. This EA can be risky because if you started live trading your EA at a bad time, such as point 6 on the X-axis of the first graph at the top of that peak or at point 66 on the second graph, then you could blow most of your account.

Chris

Thanks for the comment.

Since this EA is a pure trend following system, it will perform bad when there are only small moves. These small moves are generally there after a bigger move. So, there is a possibility to avoid a number of losing trades by manual interfering. But then you have to be in front of the PC. I also noted that the real live quotes and the demo quotes are different in my account. And I also have a bit a problem using the tester with a from-to-date.

Sylvano

You should improve your modeling quality as well.. N\A or 24% can be misleading. Take it to the maximum (90%) just to be more accurate.

If you do not want to risk it, open up a cents account with arround 10 USD and just test whether it can be profitable under live conditions. If it is then open up an account with a proper broker.

Also, are you using a fix lot size? If so, you should risk a percentage of your account because your account will grow quicker.

Chris

If the 4.5 Months of testing are the last 4.5 months you have tested on a very not normal market condition.

Without knowing how this EA operates, it is not possible to specify whether increasing modeling quality provides any benefit in the testing process.

Msbusinessil, I recommend, if you haven't already, to read the articles which describe how the interpolation process works.

CB