What is a good EA? - page 2
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MetaQuotes-Demo is not a good server to backtest your EA. You should use a broker account.
What testing mode is used, real ticks ?
Hi Alain,
Thanks for your reply, I don't know my way round the site just yet and this is my first post.
I know what I have written is not the finished product, but I was interested to know what the standard of EA's is.
I ran the test for 12 months, the profitability has come down, but it still makes a profit.
I don't know if this is good or not, obviously good it's making a profit, but I don't know if it is worth pursuing if others are making larger profits.
Below is 12 months worth, modelling every tick
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:
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.Overfitting is not related to machine learning specifically, ChatGPT misled you a bit. https://en.wikipedia.org/wiki/Overfitting
"Conveniently omitted" ? I answer as I like, don't you think ? A 1 month backtest can not be promising in my view.
I know what I have written is not the finished product, but I was interested to know what the standard of EA's is.
I ran the test for 12 months, the profitability has come down, but it still makes a profit.
I don't know if this is good or not, obviously good it's making a profit, but I don't know if it is worth pursuing if others are making larger profits.
Below is 12 months worth, modelling every tick
There is no "standard" of EA's. Simple as that.
Find your way.Overfitting is not related to machine learning specifically, ChatGPT misled you a bit. https://en.wikipedia.org/wiki/Overfitting
Wrong again. I don't use; nor even reference Chat-GPT although you do. And how would you know what I do? Perhaps you used Chat-GPT as an ESP remote viewing tool, and it failed you.
Please see A Concise Guide to Overfitting:
"Overfitting is one of the biggest problems you’ll face when building machine learning models. It happens when your model gets too complex and memorizes training data instead of learning patterns that work on new data."
"Conveniently omitted" ? I answer as I like, don't you think ? A 1 month backtest can not be promising in my view.
It's not a matter of what you nor I think. You once again omit the word, "Anecdotally." For the definition of the word, please see anecdotal adjective - Definition, pictures, pronunciation and usage notes | Oxford Advanced Learner's Dictionary at OxfordLearnersDictionaries.com:
"[P]ossibly not true or accurate because it is based on personal accounts rather than facts or research[.]"
I once again urge you to read from my previous post:
"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."
If reality doesn't suit your narrative, so be it.
This is the type of curve you'd expect from a controlled, low-risk system.
EA trading live prop challenge
This is the type of curve you'd expect from a controlled, low-risk system.
EA trading
Hi Jason,
Thanks for that, 25 consecutive trades looks pretty good, and a profit factor of 11.16, gives me an idea of what I should be aiming for.
I find the hard part is getting rid of the stopped trades, which means I'm not entering correctly.
Thanks
Mike
I don't know what your problem is, I am not interested to play with words. Over-fitting in this case is just when the results are too correlated to the data, which is very likely with so few trades, this EA (any EA) should be tested on several years AND live to see how it behaves.
Your last 2 posts brings nothing useful, please stay on topic.
I don't know what your problem is, I am not interested to play with words. Over-fitting in this case is just when the results are too correlated to the data, which is very likely with so few trades, this EA (any EA) should be tested on several years AND live to see how it behaves.
Your last 2 posts brings nothing useful, please stay on topic.
Hi Alain,
It's already tested on a years data, it was mildly profitable
I'm not trying to sell it, I just wanted some advice
I now know what it takes to be a good EA, that was all I was after
Thanks
Mike
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