Traders joking, the beginning - page 23
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hi
hi Dan,
don't be angry ...it's only joking pal ...like the title of this thread "Traders Joking"
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Forex Indicators Collection
Exceptional Hypothetical backtests E A results
Hi Folks
Please advise the drawbacks in buying such systems as advertised.How is such low drawdown and high profit achieved by E A coders.
Have they used the spread...?
Auto Trading Solutions
Can somebody compile an E A like this for me?
El Cid
There is a chance that they use null bar, there is a problem in MetaTrader tester which allows EA to see the future.
I would say that they use some inefficencies of the backtester.
For instance if you look at trades 667 to 683 you will see that in something like 10 minutes thay will have many times the same successfull trade as if the price was oscillating during 10 minutes in the 30 pips range covered by the order.
I have not analysed the price in detail during that period (I think it is not worth the time spent) but in my opinion it is very unlikely that the price did actualy that.
Hi
Set up your tester without updating with the broker.All you backtesting will be without allowing for any spread and insert data without updating with brokers spread.Run autolot and u have compunding without spread and fantastic results
Regards
El Cid
Hi Folks
Please advise the drawbacks in buying such systems as advertised.How is such low drawdown and high profit achieved by E A coders.
Have they used the spread...?
Auto Trading Solutions
Can somebody compile an E A like this for me?
El CidI just looked at the backtesting statement and as I see the EAs were coded on open bar (zero bar).
Look at H1 timeframe backtesting (14:12; at 14:13; - it is not H1 close bar even):
414 2006.09.08 14:12 t/p 207 1.00 1.8691 1.8738 1.8691 240.00 48617.09
415 2006.09.08 14:12 sell 208 1.00 1.8717 1.8740 1.8693
416 2006.09.08 14:13 t/p 208 1.00 1.8693 1.8740 1.8693 240.00 48857.09
417 2006.09.08 14:13 sell 209 1.00 1.8716 1.8739 1.8692
418 2006.09.08 14:14 t/p 209 1.00 1.8692 1.8739 1.8692 240.00 49097.09
419 2006.09.08 14:14 sell 210 1.00 1.8715 1.8738 1.8691
420 2006.09.08 14:15 t/p 210 1.00 1.8691 1.8738 1.8691 240.00 49337.09
421 2006.09.08 14:15 sell 211 1.00 1.8713 1.8736 1.8689
422 2006.09.08 14:17 t/p 211 1.00 1.8689 1.8736 1.8689 240.00 49577.09
423 2006.09.08 14:17 sell 212 1.00 1.8709 1.8732 1.8685
424 2006.09.08 14:18 t/p 212 1.00 1.8685 1.8732 1.8685 240.00 49817.09
425 2006.09.08 14:18 sell 213 1.00 1.8709 1.8732 1.8685
426 2006.09.08 14:19 t/p 213 1.00 1.8685 1.8732 1.8685 240.00 50057.09
427 2006.09.08 14:19 sell 214 1.00 1.8704 1.8727 1.8680
428 2006.09.08 14:20 t/p 214 1.00 1.8680 1.8727 1.8680 240.00 50297.09
429 2006.09.08 14:20 sell 215 1.00 1.8704 1.8727 1.8680
430 2006.09.08 14:21 t/p 215 1.00 1.8680 1.8727 1.8680 240.00 50537.09
431 2006.09.08 14:21 sell 216 1.00 1.8708 1.8731 1.8684
432 2006.09.08 14:23 t/p 216 1.00 1.8684 1.8731 1.8684 240.00 50777.09
433 2006.09.08 14:23 sell 217 1.00 1.8707 1.8730 1.8683
434 2006.09.08 14:24 t/p 217 1.00 1.8683 1.8730 1.8683 240.00 51017.09
435 2006.09.08 14:24 sell 218 1.00 1.8707 1.8730 1.8683
436 2006.09.08 14:26 t/p 218 1.00 1.8683 1.8730 1.8683 240.00 51257.09
437 2006.09.08 14:26 sell 219 1.00 1.8693 1.8716 1.8669
438 2006.09.08 14:44 t/p 219 1.00 1.8669 1.8716 1.8669 240.00 51497.09
439 2006.09.08 14:44 buy 220 1.00 1.8661 1.8638 1.8685Backtesting results on every tick modeling quality is not relable in this case.
Of course there are some coders who are coding on open bar only but they are telling it to the users.
If the seller is selling EAs based on backtesting results only so the seller is scammer.
If the seller is coding on open bar and not telling the customers about it so the seller is double scammer.
If the seller is coding on open bar, not telling the customers about it and using every tick model backtesting as a proof of his good performance so the seller is Exceptional scammer.
Because not all the people understand about particularities and differencies about backtesting, different types of coding and forward testing.
I think this thread should be merged with traders joking thread.
here are what tricks ea sellers use
New Digital
Why not let us collect all the different tricks E A sellers use to inflate figures.There are more posts I will write about inflating systems results by private sellers
It perhaps deserves its own thread
Regards
El Cid
Hi
Set up your tester without updating with the broker.All you backtesting will be without allowing for any spread and insert data without updating with brokers spread.Run autolot and u have compunding without spread and fantastic results
Regards
El CidI don't know about spread. As I know spread is included in MT4 backtesting.
It is something on the open bar coding. Nothing wrong on open bar coding but backtesting on every tick modeling quality can not be proof of the good performance because of that.
Look at their statements: 15 or 20 orders were opened within H1 bar. It is not trading on close bar. And one order is open and close withn 1 minutes with +20 pips; the order order was open and close within ione minutes in the about +20 pips and 20 times like that during the H1 bar. It was coding on open bar.
What is coding on open bar?
Just attach 2 MA indicators to M1 timeframe (period 3 and 5) and we may see 5 or 10 crossing withing 1 bar sometimes (if GBPJPY for example). If EA is open the order on every crossing by ticks so it should be different coding.
Nothing wrong with coding on open bar but the seller must mention it and customers should know. But some sellers are coding on open bar especially to get better results on backtesting.
Look at the Firebird 0.65 forward testing results (open bar) for two files (good one and bad one inpips) and you will understand all.
New Digital
Why not let us collect all the different tricks E A sellers use to inflate figures.There are more posts I will write about inflating systems results by private sellers
It perhaps deserves its own thread
Regards
El CidAll those cases are on this thread https://www.mql5.com/en/forum/174805
Because how to say seriously that seller is scammer? We are not court yet
We may say just allegorically ... to refresh discussion.
But we can say: "sellers are joking" and it will be very flexible explanation. Just joking...
Because people will buy anyway. They are buying everything you know ...
Look at this post: https://www.mql5.com/en/forum/174805/page2
I created the joke about some "tradng system" long time ago.
And some user wanted to buy by next post https://www.mql5.com/en/forum/174805/page2
If we are keeping this thread like that so it may be serious discussion with some attacking on some "allegorical"/hipothetical seller and between each other and it will not be forex market already.
But if we are joking so who cares ... just joking .. to make our life easy.
Who will buy the system if seller is joking?
We are technical forum.