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CSB
There may be some promise here - but as this is demo data, you would wish just a little more before going live with it, as:-
1) The shape of the graph is a concern
2) Profit factor is below 2.0
3) Drawdown is a little high
4) Consecutive win/loss ratio the wrong way round :(
None of these individually would be so crucial perhaps, but taken together, you could hit a very bad patch in live trading & lose all gains or worse :(
If this was live data, you might take a chance on these results - if they were for a longer period & greater number of trades...
My feeling is the EA has too few indicators or there's a wrong one in there?
Hope it works out though - it's a tough business!
Good Luck
-BB-
Thanks for your comments.
Actually its a simple aproach,, It doesnt get along vey well with shoppy markets. No EA works well in all market situations, and as I mentioned before, its not a "grial"., buts its proving reliable and stable in a demo account,
The concept of this EA, its that it can take a beating. I may add another indicator. but th idea its to keep it simple.
As youn can see below, only 45% of the trades are successful. and its designed to do that (work with this win-lose ratio) ; improving this ratio would be the key and its my objetive.
Im yet to learn even more on how to improve it.
I´ve Limited the ammount of lots in this test.
Kind Regards
Carlos
Strategy Tester Report
Simple
MetaQuotes-Demo (Build 217)
Symbol
EURUSD (Euro vs US Dollar)
Period
1 Hour (H1) 2008.05.01 00:00 - 2008.08.22 22:00 (2008.05.01 - 2008.08.23)
Model
Every tick (the most precise method based on all available least timeframes)
Parameters
Bars in test
2951
Ticks modelled
748262
Modelling quality
90.00%
Mismatched charts errors
1
Initial deposit
10000.00
Total net profit
79692.33
Gross profit
189537.20
Gross loss
-109844.87
Profit factor
1.73
Expected payoff
577.48
Absolute drawdown
1851.43
Maximal drawdown
21509.00 (20.18%)
Relative drawdown
41.44% (5765.27)
Total trades
138
Short positions (won %)
82 (48.78%)
Long positions (won %)
56 (41.07%)
Profit trades (% of total)
63 (45.65%)
Loss trades (% of total)
75 (54.35%)
Largest
profit trade
4049.50
loss trade
-2406.00
Average
profit trade
3008.53
loss trade
-1464.60
Maximum
consecutive wins (profit in money)
8 (27040.42)
consecutive losses (loss in money)
10 (-19533.50)
Maximal
consecutive profit (count of wins)
27844.00 (7)
consecutive loss (count of losses)
-19533.50 (10)
Average
consecutive wins
2
consecutive losses
3
Thanks for your comments.
Actually its a simple aproach,, It doesnt get along vey well with shoppy markets. No EA works well in all market situations, and as I mentioned before, its not a "grial"., buts its proving reliable and stable in a demo account,
The concept of this EA, its that it can take a beating. I may add another indicator. but th idea its to keep it simple.
As youn can see below, only 45% of the trades are successful. and its designed to do that (work with this win-lose ratio) ; improving this ratio would be the key and its my objetive.
Im yet to learn even more on how to improve it.
I´ve Limited the ammount of lots in this test.
Kind Regards
Carlos
Strategy Tester Report
Simple
MetaQuotes-Demo (Build 217)
Symbol
EURUSD (Euro vs US Dollar)
Period
1 Hour (H1) 2008.05.01 00:00 - 2008.08.22 22:00 (2008.05.01 - 2008.08.23)
Model
Every tick (the most precise method based on all available least timeframes)
Parameters
Bars in test
2951
Ticks modelled
748262
Modelling quality
90.00%
Mismatched charts errors
1
Initial deposit
10000.00
Total net profit
79692.33
Gross profit
189537.20
Gross loss
-109844.87
Profit factor
1.73
Expected payoff
577.48
Absolute drawdown
1851.43
Maximal drawdown
21509.00 (20.18%)
Relative drawdown
41.44% (5765.27)
Total trades
138
Short positions (won %)
82 (48.78%)
Long positions (won %)
56 (41.07%)
Profit trades (% of total)
63 (45.65%)
Loss trades (% of total)
75 (54.35%)
Largest
profit trade
4049.50
loss trade
-2406.00
Average
profit trade
3008.53
loss trade
-1464.60
Maximum
consecutive wins (profit in money)
8 (27040.42)
consecutive losses (loss in money)
10 (-19533.50)
Maximal
consecutive profit (count of wins)
27844.00 (7)
consecutive loss (count of losses)
-19533.50 (10)
Average
consecutive wins
2
consecutive losses
3
Hej, Could you run it from Dec 2008 until now? Would be interesting to see how it reacts to the New Year up and down!
Finally, my EA is working properly.....the last few weeks had been terrible, choppy market is to blame,
overall, Im quite happy with it.:)