Hello there,
I`m a newcomer to the world of EA`s,
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Originally Posted by MiniMe
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.
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Exactly.Why in the world would anyone want to disclose publicly a profitable EA when the deep pockets could/would trade against them.[/quote]
Quote:
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.
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Well backtesting is the step 1 to see if it has some sort of chance with the real stuff so necessary in that respect as you noted.I might add that most EA`s are profitable at some stage but lack
consistency, which is what we all seek with them.