Quote:
Originally Posted by MiniMe
Sound like a bid deal  "Dave"
Its easy to scam people with few lines and good backtest, but I do that, I DO NOT sell experts, and if i ever did then only few will be able to afford them.
The point of my post was to show that many traders fall for the trick of the backtest.
A backtest is to help you check the entry and exit if they were coded right or not.
A good backtest results doesn't mean the expert is profitable, it only means the expert may have a chance in live trading.
Even demo trading in many cases is a waste of time, because of the order filling
If you read the notes in many threads that xyz expert is doing fine with this broker and doing bad with the other broker ... and people wonder why is that ? the answer is order filling, many traders wont fill your order when the price hit.
It takes money to make money, if you found or create a good expert you need to test it live, not a backtest nor a demo will show the real performance of the expert. |
Alan,
You really dont know me well. I never sell any expert advisor, and never intended to sell 1. If you really gone through my post, you should know I'm always serious in trading. I just pulled a trick trying to revenge you, and obviously I was wrong. To be frank, I do not have super duper EA that makes money like madness in live account. However, few percent a month that couldn't cover my expanses, I do have a few.
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
THE FOREX KNIGHT