Data brought out year by year:
http://www.upload.ee/image/2811163/Forex_system.pngIn this picture every year starts with 100 000€ and profits are not reinvested! Lot sizes are always same. TP and SL are both over 100pip from price.If profits were reinvested(if account balance grow 10% then lotsize grows 10%) and 100 000€ were invested from year 2001 then total profit to date would be 38 371 000 €IMO this system is good because it has been tested on 11+ years of data and it has worked nicely. The system itself is relatively simple to(very basic indicators and few). Mathematically taken, i think there is nice change for system to perform well at least for year or two.System was tested on EUR/USDSorry for relatively bad english.
drawdowns of 50% are too large for me.
Optimize it on 1/2 of your history and run with those parameters on the other 1/2. Then you have a better idea.
What info does this give ......
It is not trading often
It can have a drawdown of 50%
It might be the result of best optimization
no live result is proofing your system
Why don't you try it out and open a real account with 100 000€ ??
If I can miss so much and have proof my account always recover and then get big profits again no matter what forex does then yes
if it is a reliable system...... also with the rules you have to trade at your broker
then why do you begin your test with settings most traders can't work with....
Just open a new micro cents account and trie only this system out for a few years
with money you can loose .... then you know your answer
We can't say your EA is worth something if we can't test it ourselves and if we don't get more reliable information we can check
Have you forward tested? I have an EA that I think will work. Back testing has shown that it will. I open a new demo account every 6 months and start forward testing. If after 3 years, all accounts are positive and have similar results, I will go live. You will find things in your forward testing you can't see in back testing. I have found two small calculation errors over the first year - correcting them has reduced my drawdown. Good luck.
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