Work in progress - looking for funding / partner
draaawdoowwwnnnn.....
Smooth that out and your profit will be gone. Keep trying though, and seriously consider your audience before you ask for funding.
I'm currently working on this EA. It's somewhat erratic at the moment because I have yet to factor in a lot of data. This is a "sneak peak" at a work in progress. The plan is to smooth it out. The results here are backtests for the year 6 November 08 - 6 November 09.I am looking for sponsorship to work further on this project, with a view to partnership. If anybody out there is willing to discuss this further, let me know. (please note that the profits stated in the report would probably not be quite so ridiculously large in forward testing because of the restrictions on lot sizes of some brokers. Dang.)
| Symbol | ******************* | ||||
| Period | ********** 2008.11.06 00:00 - 2009.11.06 22:00 (2008.11.06 - 2009.11.07) | ||||
| Model | Every tick (the most precise method based on all available least timeframes) | ||||
| Parameters | ************* | ||||
| Bars in test | ******* | Ticks modelled | ********** | Modelling quality | n/a |
| Mismatched charts errors | ******* | ||||
| Initial deposit | 10000.00 | ||||
| Total net profit | 55566892.13 | Gross profit | 801611898.35 | Gross loss | -746045006.21 |
| Profit factor | 1.07 | Expected payoff | 35665.53 | ||
| Absolute drawdown | 7153.56 | Maximal drawdown | 104247714.10 (68.52%) | Relative drawdown | 97.71% (47336774.65) |
| Total trades | 1558 | Short positions (won %) | 808 (51.24%) | Long positions (won %) | 750 (42.67%) |
| Profit trades (% of total) | 734 (47.11%) | Loss trades (% of total) | 824 (52.89%) | ||
| Largest | profit trade | 23315014.37 | loss trade | -13006269.68 | |
| Average | profit trade | 1092114.30 | loss trade | -905394.43 | |
| Maximum | consecutive wins (profit in money) | 10 (2224006.19) | consecutive losses (loss in money) | 13 (-6813.75) | |
| Maximal | consecutive profit (count of wins) | 66625600.30 (5) | consecutive loss (count of losses) | -39435832.00 (6) | |
| Average | consecutive wins | 2 | consecutive losses | 2 | |
Yes, "15100376" should have an extra digit at the end, as with "11325282".
You MUST be joking.....!!! Drawdown is 97.71 percent...... I have NEVER seen worse.... Scale back the risk...improve the money management and lets take a serious look at what you have...97 percent has absolutely no chance...the parameters must be changed but if the strategy is really sound it will be obvious......
Wow. Somehow, I get the feeling you haven't gotten out much. You might have a truly killer system in there, but we can't tell from that.
You may want to check out some of the open source EAs at websites like http://TradingSystemForex.com -- some have totally impressive backtesting profits with 90% modeling quality and a very reasonable drawdown percent.
I know, this is a really tough room, but it's a good crowd if you can get more realistic. :)
RS
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I'm currently working on this EA. It's somewhat erratic at the moment because I have yet to factor in a lot of data. This is a "sneak peak" at a work in progress. The plan is to smooth it out. The results here are backtests for the year 6 November 08 - 6 November 09.I am looking for sponsorship to work further on this project, with a view to partnership. If anybody out there is willing to discuss this further, let me know. (please note that the profits stated in the report would probably not be quite so ridiculously large in forward testing because of the restrictions on lot sizes of some brokers. Dang.)