QUESTION 1. LONG TERM EA PERFORMANCE
i back tested this ea ("LONG TERM EA PERFORMANCE") in long term data ticks like 10yrs and got excellent result,then i back tested again on short term ,like 1yrs performance but the result was not good as long term performance,it was consolidating up to one year in short term back testing.
QUESTION 2. SHORT TERM EA PERFORMANCE
now another ea ("SHORT TERM EA PERFORMANCE"), now this ea performed well on short term like 1year but fail woefully in long term test of 10yrs or 5yrs
now my question is if you were me which result will allow to go LIVE TRADING?. please think before suggesting as professionals!
NOW MY QUESTION IS IF YOU ARE TO BE ME WHICH ONE WILL YOU ALLOW TO GO FORWARD TEST which means LIVE TRADING. thanksor is there any article on how to decide future performance of EAs or how to choose EAs.BELOW IS THE TRADING OR BACK TESTED RESULTStraded result is attached below please i need your reviews
NOW MY QUESTION IS IF YOU ARE TO BE ME WHICH ONE WILL YOU ALLOW TO GO FORWARD TEST which means LIVE TRADING. thanks
or is there any article on how to decide future performance of EAs or how to choose EAs.
BELOW IS THE TRADING OR BACK TESTED RESULTStraded result is attached below please i need your reviews
BELOW IS THE TRADING OR BACK TESTED RESULTS
traded result is attached below please i need your reviews
The software is just a tool in the hands of the trader. Back testing is far from reality. No one would start an EA and let it run for 10 years without touching it or changing the settings. Would it keep working every time MetaQuotes changes the code? The real results are a combination of the trader and his tools. Not the tools alone.
You can use a hammer to build a house but, you can also use one to tear it down. It all depends on who's hand it's in and what talent and knowledge they possess. No one knows what the market is going to do in the future and how you are going to react (FEARS AND WORRIES) to it. Any success or failure of the account solely rests on YOU not on the software. Only YOU can JUDGE FOR YOU.
Stop relying on fictitious scenarios from back testing. It's only by live trading on a real account will you see the result and then only in hindsight will you know what you SHOULD have done. I wish you the best in making your decision. Let us know in 10 years how it went.... PipPip...Jimdandy
Jimdandy your right and your points are constructive but in addition to your points i know inasmuch as hammer processes a work which the handler is directly involve. but in cases of ea developers you can not do without back testing otherwise you look like a carpenter without hammer,as bad and far from reality as back testing yet developer can not do without them. a good performing software must show you a sign of good return on back testing then the rest battle lies on your brokers platform structures.
deysmacro your right but should in case everything goes on fine is it good to back test an ea up to 10yrs or 1,2,3yrs. see why i think that long term ea back testing really make sense is the fact that it will meet several unfavorable conditions and still trade up the roof like the on i posted 10yrs back testing. at list that confidence is really appealing don't you think so. because no matter how market conditions changes past actions will always repeat.
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