which are the values (ranges of values) that you consider describe a good EA when you test it in the strategy tester for the following results:
1. Profit factor
2. Expected Payoff
3. Absolute Drawdown
4. Maximal Drawdown (%)
5. Relative Drawdown (%)
Thanks for your responses.
In my opinion, i can say it depends on your "risk-reward expectation". I mean, if you want to get huge money, so you have to accept big DD with more risk (like using kinds of Martingale EA). If you are happy to have 5% profit, so you should choose the smallest DD EA.
Another thing, the market is different in every condition, so maybe the backtest is good for 1, 2, 3 years ago, but for this year, maybe it is not that productive.
Good EA (for me) = Reliable investment EA
- Profit factor- Stable and linear increase of Equity (near to zero Drawdown)- Stable and linear increase of lot size
Balance is the Profit of the Fools.
I usually look for a good profit factor with a low maximal drawdown. I also look at the performance chart to see how the drawdown varies across the length of the trades.
Balance is the Profit of the Fools
In between 1.5 and 2. Value higher than 2 has risk of over curve fitting or using scammer's trick to boost result.
at least 3 times of average spread + commission or could easily fail in real trading condition.
I dont care.
Preferable 20% during testing but expect for 30% in real trading.
My answer is in green. :)