Quote:
Originally Posted by 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 Cid |
I 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):
Code:
413 2006.09.08 14:10 sell 207 1.00 1.8715 1.8738 1.8691
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 1.8685
Backtesting 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.