I'm new to all this so hopefully you're not offended by my opinion. Your results are all good, however your time-frame for the test is short. The fact that its trading in one direction is Alarming. This is funny but one of my first back-test traded in one direction without stop-loss and never had a losing trade for almost 3 years. When it did lose, the broker maximum loss forced it to exit. I mean, I was still profitable after the close but woah 75% drop.
To me it felt like looking at a chart going straight up and trading in that direction from the moment it started going up. Humm, now all i need to know is which direction the market is going in form Today forward. Crystal Ball Anyone>
Thanks Ubzen, no, no offense at all. And yeah maybe it is a bit to easy to only go short EURUSD at this point. There is a stoploss in place though
I am also new to this. The way it looks to me most of the pairs are repeating 2008 behaviour. If we look at EURUSD weekly chart, price dropped like a rock between July and October 2008 from 1.6 to 1.24.. Currently EURUSD is doing similar thing.
So my point is that - we need to take certain time zones with respect to price behaviour.. Up, down and consolidation.. Then test our EA to see how it withstands.. it may not still provide 100% accuracy.. but still better than testing on one price behaviour zone..
Hope this helps.. no offense to your EA.. Just trying to be realistic so that you can develop a productive EA.
Yeah you're right! I wasn't thinking when I posted this. The sun was shinning and the girls where giggling outside, how can a man concentrate on creating an EA in these extreme conditions. 8-)
EPIC FAIL on my side!
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What is your opinion on this backtest? Do you this it's stable enough as a base for further development. Now in this test it only trades short, with long trades turn on it still makes money, a bit less though.
Any and all advise appreciated!