Quote:
Originally Posted by yeoeleven
I have never bothered with back testing, I am happy to leave that for others. I have however forward tested this EA from the time David posted it and have reported a couple of times previously.
The current detailed statement is attached. One has to be aware that this was tested on an IBFX mini account which started at at $78 and now since the 27th November has increased to $87 an increase of around 12%.
It is easy to look at an increase of $9 and miss out on the fact that it represents 900 pips at 1c per pip and if the account was standard would represent a $90 increase.
I have not looked at the more recent EA postings by David being under the opinion that "if it ain't broke, don't fix it." The original version is still working fine and if it has handled a small account like this it must be very safe.
John
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John,
There is a bug that I forgotton to change the Risk to Double. I was using Integer instead of fractal. The risk can only set to minimum 1%, therefore I make another version and named it after v0.02 to avoid confusion. Besides, the Account size you're holding is only lucky survival. It wouldn't have enough margin to cover the losses when market turned the other way round. So, if your demo account get up to 200 dollars balance, that would be a miracle, and the EA could have function well for a very long time to see some good retun in the near future. All we can do now is hope and pray that NFP will not trigger another lossing trade for this EA.
Regards
David
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"All through time, people have basically acted and reacted the same way in the market as a result of: greed, fear, ignorance, and hope. That is why the numerical formations and patterns recur on a constant basis." - Jesse Lauriston Livermore
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