What is a good EA?
What does a good EA look like, how profitable should it be?
If you want someone to analyze your backtest results, then you should right click in the Backtest tab of the Tester window, download a full Report, and post the stats here.
It's difficult to discern anything meaningful from the image that you posted.
If you want someone to analyze your backtest results, then you should right click in the Backtest tab of the Tester window, download a full Report, and post the stats here.
It's difficult to discern anything meaningful from the image that you posted.
Hi Ryan,
Thanks for replying, I'll look into that.
Regards, Mike
Hi,
This is the report from the backtest.
Mike
Strategy Tester Report | ||||||||||||
CMCMarkets-MT5-DEMO (Build 5430) | ||||||||||||
Settings | ||||||||||||
| Expert: | mm_try5 | |||||||||||
| Symbol: | GBPUSD | |||||||||||
| Period: | M5 (2024.01.01 - 2024.02.01) | |||||||||||
| Inputs: | bb_period=20 | |||||||||||
| bb_deviation=1.5 | ||||||||||||
| lot_size=0.1 | ||||||||||||
| magic_number=54321 | ||||||||||||
| trailing_stop=10 | ||||||||||||
| stop_loss=10 | ||||||||||||
| take_profit=50 | ||||||||||||
| trend_ma_period=50 | ||||||||||||
| sl_time=300000 | ||||||||||||
| diff_compare=7 | ||||||||||||
| BandWidth=0.002 | ||||||||||||
| Company: | MetaQuotes Ltd. | |||||||||||
| Currency: | profit in pips | |||||||||||
| Initial Deposit: | 5 000.00 | |||||||||||
| Leverage: | 1:100 | |||||||||||
Results | ||||||||||||
| History Quality: | 100% | |||||||||||
| Bars: | 6335 | Ticks: | 4766910 | Symbols: | 1 | |||||||
| Total Net Profit: | 42.80 | Balance Drawdown Absolute: | 0.00 | Equity Drawdown Absolute: | 4.30 | |||||||
| Gross Profit: | 45.90 | Balance Drawdown Maximal: | 1.90 (0.04%) | Equity Drawdown Maximal: | 18.00 (0.36%) | |||||||
| Gross Loss: | -3.10 | Balance Drawdown Relative: | 0.04% (1.90) | Equity Drawdown Relative: | 0.36% (18.00) | |||||||
| Profit Factor: | 14.81 | Expected Payoff: | 5.35 | Margin Level: | 4995.70% | |||||||
| Recovery Factor: | 2.38 | Sharpe Ratio: | 5.85 | Z-Score: | 1.62 (89.48%) | |||||||
| AHPR: | 1.0011 (0.11%) | LR Correlation: | 0.95 | OnTester result: | 0 | |||||||
| GHPR: | 1.0011 (0.11%) | LR Standard Error: | 4.56 | |||||||||
| Total Trades: | 8 | Short Trades (won %): | 0 (0.00%) | Long Trades (won %): | 8 (75.00%) | |||||||
| Total Deals: | 16 | Profit Trades (% of total): | 6 (75.00%) | Loss Trades (% of total): | 2 (25.00%) | |||||||
| Largest profit trade: | 18.50 | Largest loss trade: | -1.90 | |||||||||
| Average profit trade: | 7.65 | Average loss trade: | -1.55 | |||||||||
| Maximum consecutive wins ($): | 2 (19.90) | Maximum consecutive losses ($): | 1 (-1.90) | |||||||||
| Maximal consecutive profit (count): | 19.90 (2) | Maximal consecutive loss (count): | -1.90 (1) | |||||||||
| Average consecutive wins: | 2 | Average consecutive losses: | 1 | |||||||||
| | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| | ||||||||||||
| Correlation (Profits,MFE): | 0.84 | Correlation (Profits,MAE): | 0.07 | Correlation (MFE,MAE): | -0.2276 | |||||||
| | ||||||||||||
| Minimal position holding time: | 0:00:32 | Maximal position holding time: | 0:19:32 | Average position holding time: | 0:07:07 | |||||||
| | ||||||||||||
Orders | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Open Time | Order | Symbol | Type | Volume | Price | S / L | T / P | Time | State | Comment | ||
| 2024.01.05 15:50:00 | 2 | GBPUSD | buy | 0.1 / 0.1 | 1.26501 | 1.26401 | 1.27001 | 2024.01.05 15:50:00 | filled | SMA crosses above BB middle | ||
| 2024.01.05 15:55:43 | 3 | GBPUSD | sell | 0.1 / 0.1 | 1.26549 | 2024.01.05 15:55:43 | filled | sl 1.26549 | ||||
| 2024.01.05 16:25:00 | 4 | GBPUSD | buy | 0.1 / 0.1 | 1.26757 | 1.26657 | 1.27257 | 2024.01.05 16:25:00 | filled | SMA crosses above BB middle | ||
| 2024.01.05 16:39:59 | 5 | GBPUSD | sell | 0.1 / 0.1 | 1.26852 | 2024.01.05 16:39:59 | filled | sl 1.26852 | ||||
| 2024.01.11 16:50:00 | 6 | GBPUSD | buy | 0.1 / 0.1 | 1.27195 | 1.27095 | 1.27695 | 2024.01.11 16:50:00 | filled | SMA crosses above BB middle | ||
| 2024.01.11 17:00:43 | 7 | GBPUSD | sell | 0.1 / 0.1 | 1.27192 | 2024.01.11 17:00:43 | filled | sl 1.27192 | ||||
| 2024.01.16 18:10:00 | 8 | GBPUSD | buy | 0.1 / 0.1 | 1.26508 | 1.26408 | 1.27008 | 2024.01.16 18:10:00 | filled | SMA crosses above BB middle | ||
| 2024.01.16 18:29:32 | 9 | GBPUSD | sell | 0.1 / 0.1 | 1.26693 | 2024.01.16 18:29:32 | filled | |||||
| 2024.01.17 15:40:00 | 10 | GBPUSD | buy | 0.1 / 0.1 | 1.26586 | 1.26486 | 1.27086 | 2024.01.17 15:40:00 | filled | SMA crosses above BB middle | ||
| 2024.01.17 15:40:32 | 11 | GBPUSD | sell | 0.1 / 0.1 | 1.26600 | 2024.01.17 15:40:32 | filled | |||||
| 2024.01.24 16:55:00 | 12 | GBPUSD | buy | 0.1 / 0.1 | 1.27500 | 1.27400 | 1.28000 | 2024.01.24 16:55:00 | filled | SMA crosses above BB middle | ||
| 2024.01.24 16:56:40 | 13 | GBPUSD | sell | 0.1 / 0.1 | 1.27481 | 2024.01.24 16:56:40 | filled | |||||
| 2024.01.25 15:40:00 | 14 | GBPUSD | buy | 0.1 / 0.1 | 1.27305 | 1.27205 | 1.27805 | 2024.01.25 15:40:00 | filled | SMA crosses above BB middle | ||
| 2024.01.25 15:40:44 | 15 | GBPUSD | sell | 0.1 / 0.1 | 1.27342 | 2024.01.25 15:40:44 | filled | |||||
| 2024.01.26 15:40:00 | 16 | GBPUSD | buy | 0.1 / 0.1 | 1.27330 | 1.27230 | 1.27830 | 2024.01.26 15:40:00 | filled | SMA crosses above BB middle | ||
| 2024.01.26 15:43:05 | 17 | GBPUSD | sell | 0.1 / 0.1 | 1.27433 | 2024.01.26 15:43:05 | filled | |||||
Deals | ||||||||||||
| Time | Deal | Symbol | Type | Direction | Volume | Price | Order | Commission | Swap | Profit | Balance | Comment |
| 2024.01.01 00:00:00 | 1 | balance | 0.00 | 0.00 | 5 000.00 | 5 000.00 | ||||||
| 2024.01.05 15:50:00 | 2 | GBPUSD | buy | in | 0.1 | 1.26501 | 2 | 0.00 | 0.00 | 0.00 | 5 000.00 | SMA crosses above BB middle |
| 2024.01.05 15:55:43 | 3 | GBPUSD | sell | out | 0.1 | 1.26533 | 3 | 0.00 | 0.00 | 3.20 | 5 003.20 | sl 1.26549 |
| 2024.01.05 16:25:00 | 4 | GBPUSD | buy | in | 0.1 | 1.26757 | 4 | 0.00 | 0.00 | 0.00 | 5 003.20 | SMA crosses above BB middle |
| 2024.01.05 16:39:59 | 5 | GBPUSD | sell | out | 0.1 | 1.26845 | 5 | 0.00 | 0.00 | 8.80 | 5 012.00 | sl 1.26852 |
| 2024.01.11 16:50:00 | 6 | GBPUSD | buy | in | 0.1 | 1.27195 | 6 | 0.00 | 0.00 | 0.00 | 5 012.00 | SMA crosses above BB middle |
| 2024.01.11 17:00:43 | 7 | GBPUSD | sell | out | 0.1 | 1.27183 | 7 | 0.00 | 0.00 | -1.20 | 5 010.80 | sl 1.27192 |
| 2024.01.16 18:10:00 | 8 | GBPUSD | buy | in | 0.1 | 1.26508 | 8 | 0.00 | 0.00 | 0.00 | 5 010.80 | SMA crosses above BB middle |
| 2024.01.16 18:29:32 | 9 | GBPUSD | sell | out | 0.1 | 1.26693 | 9 | 0.00 | 0.00 | 18.50 | 5 029.30 | |
| 2024.01.17 15:40:00 | 10 | GBPUSD | buy | in | 0.1 | 1.26586 | 10 | 0.00 | 0.00 | 0.00 | 5 029.30 | SMA crosses above BB middle |
| 2024.01.17 15:40:32 | 11 | GBPUSD | sell | out | 0.1 | 1.26600 | 11 | 0.00 | 0.00 | 1.40 | 5 030.70 | |
| 2024.01.24 16:55:00 | 12 | GBPUSD | buy | in | 0.1 | 1.27500 | 12 | 0.00 | 0.00 | 0.00 | 5 030.70 | SMA crosses above BB middle |
| 2024.01.24 16:56:40 | 13 | GBPUSD | sell | out | 0.1 | 1.27481 | 13 | 0.00 | 0.00 | -1.90 | 5 028.80 | |
| 2024.01.25 15:40:00 | 14 | GBPUSD | buy | in | 0.1 | 1.27305 | 14 | 0.00 | 0.00 | 0.00 | 5 028.80 | SMA crosses above BB middle |
| 2024.01.25 15:40:44 | 15 | GBPUSD | sell | out | 0.1 | 1.27342 | 15 | 0.00 | 0.00 | 3.70 | 5 032.50 | |
| 2024.01.26 15:40:00 | 16 | GBPUSD | buy | in | 0.1 | 1.27330 | 16 | 0.00 | 0.00 | 0.00 | 5 032.50 | SMA crosses above BB middle |
| 2024.01.26 15:43:05 | 17 | GBPUSD | sell | out | 0.1 | 1.27433 | 17 | 0.00 | 0.00 | 10.30 | 5 042.80 | |
| 0.00 | 0.00 | 42.80 | 5 042.80 | |||||||||
Anecdotally, your EA looks promising to me.
Just do lengthier testing to confirm that it's statistically "good." I know that's it's burdensome to test on every tick, so just do it in stages.
What does a good EA look like, how profitable should it be?
Heads up - and welcome to algo-trading.
Search the forum for the EA ranking / comparison discussion - it explains how to evaluate EAs beyond short backtests (what’s considered outstanding EA, good/mediocre, poor, etc.).
NOTE: Try to avoid turning the thread into promotional material - we focus on methodology and questions, not marketing.NOTE: Try to avoid turning the thread into promotional material - we focus on methodology and questions, not marketing.
My bad. The OP is new here. It appears that my offer to help may have induced the OP into sharing information that is deemed self-promotion.
As the OP has already received valuable help, maybe just redact it?
Heads up - and welcome to algo-trading.
Search the forum for the EA ranking / comparison discussion - it explains how to evaluate EAs beyond short backtests (what’s considered outstanding EA, good/mediocre, poor, etc.).
NOTE: Try to avoid turning the thread into promotional material - we focus on methodology and questions, not marketing.Hi Oleksandr,
Thanks for your reply.
I'll have a look for the EA ranking, I'm not trying to market anything, just genuinely interested.
Thanks
Mike
Overfitting generally applies to advanced machine learning algorithms or, at least, extensive optimization. In contrast, the OP has merely implemented BB's and an MA with stops, etc. Therefore, I don't see any evidence of the OP having engaged in overfitting.
Interestingly, you rather selectively replied to only one line of my post and conveniently omitted the following line:
Just do lengthier testing to confirm that it's statistically "good." I know that's it's burdensome to test on every tick, so just do it in stages.
Obviously, I already alluded to the fact that the sample size was too small to be statistically significant.
By the way, "Anecdotally" means unscientifically when used in this context.
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Hi,
This is my first post.
I have a background in computer programming and I decided to try to write an Expert Advisor.
After a few months off and on, I've created an advisor which makes a profit when I backtest.
However, the rules are so tight it only makes a few trades a month, but it does make a profit.
This is the result of:
GBPUSD
lot size 0.1
5,000 bank
01-Jan-2024 - 01-Feb-2024
8 trades
What does a good EA look like, how profitable should it be?
Thanks
Mike