Quote:
Originally Posted by omelette
newdigital, could you be more specific about why trading at the Ask and Bid (bar 0) is, 'cheating' so to speak?
Also, one of the 'tell-tale' sign that an EA's results are bogus seems to be what happens during the last 6-9 months of the backtest - usually the equity curve turns down abruptly. This occurs with all of my 'profitable' EA's unfortunately and I have yet to hear a convincing reason as to why this happens - more specifically, why does an inherently unprofitable EA seem very profitable up until the final months of the test? Anyone who has been using Metatrader for a reasonable period will have noticed this last '6-9 month' problem - note that 1 year ago, you had the same poor results for the last 6-9 months even though this period now shows up as profitable in backtests.....
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Most of the commercial EAS come out after an EA has done well in the precceding year or two years.The EA trendmasters test the EA on all the brokers .The brokers where the EA performs best on backtests becomes the chosen broker..The E A is optimised for backtests for the last few tears.The buyers buy the EA and use it at different brokers where the performance was inferior and find they start losing money.
Discount all the claims the sellers make and look at the worst performance of the EA AT THE LOWEST PERFORMING BROKER , and if the performance is good buy it.A friend of mine bought an EA from the commercial section ,the Ea makes 1000 pips a year on backtests but the trendmaster EA owner claims it makes 1800 pips.The E A is a similiar copy of an E A available in the Elite forum which costs $100 less .
I test all my EAS on usd/yen and if it performs profitably ,then I consider the EA as robust.In the Elite section Newdigital has very little succes on testing USD/YEN for great results.Usd/yen is not trendy and performs poorly in sideways market...it has very little support and very little resistance
Regards
EL cID