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I have done some backtesting using the latest EMACross EA plus the indicator set. Needless to say any results i get are the best i have seen for any indicator/EA set yet. Has anyone run this in forward testing, either trading the scissors (indicator set), or letting the EA take all the trades? If so, what has your guys' results been?
Thanx,
Graham
Thank you for your comment! I'm waiting too the forward results for the new version of the EA.
Quote:
P.S. Also, what are some ideal pairs and timeframes for running this indicator set. I have found it works on anything from 5min to 1 day charts on any of the majors, and even the gbp.jpy with a 10 pip spread
The best timeframe is the Daily timeframe.
The best currency pair EURUSD (I admire this pair ).
Thank you for your comment! I'm waiting too the forward results for the new version of the EA.
The best timeframe is the Daily timeframe.
The best currency pair EURUSD (I admire this pair ).
Now i know this is a question that i asked a few posts ago, but say with the EurUsd, if we find it works good on the 1 day but also the 5min or 1 hour chart, could we have say 3 charts of this EA running, and processing their own trades independantly in the same trade station? The reason being, the daily chart shows trends alot better, but with the Eur/usd having only a 2 pip spread, on a shorter timeframe we might be able to catch abit more of the action while longterm the daily is still in a longer term trade.
Also is there work-arounds for the inherent spaces in the backtesting in MetaTrader4? I will say test this EA on a pair and voila, 6 months are missing, then all of a sudden a tremendous loss due to missed movement in those 6 months. I have noticed these holes in posted results in this and other threads as well. I guess this is where forward testing is key.
I ran some tests on the last EMACross mq4 on the eurusd 1day chart. The best settings i got in backtesting is the 110 take profit with a 48-50 trailing stop (which makes sense as the daily will have more back and forth swing than a shorter term chart per candle).
In looking at the code, is there a reason the "Close Order" sections are disabled? Is the thought that the order will stopout or limit before the next trade kicks in? Was there a reason to disable it, or could it be enabled if we wanted to use this trader on a shorter term chart?
Graham
Now i know this is a question that i asked a few posts ago, but say with the EurUsd, if we find it works good on the 1 day but also the 5min or 1 hour chart, could we have say 3 charts of this EA running, and processing their own trades independantly in the same trade station? The reason being, the daily chart shows trends alot better, but with the Eur/usd having only a 2 pip spread, on a shorter timeframe we might be able to catch abit more of the action while longterm the daily is still in a longer term trade.
In code this is certainly possible - as you can differentiate all your trades based on magicnum.
Quote:
Originally Posted by gkozlyk
Also is there work-arounds for the inherent spaces in the backtesting in MetaTrader4?
Anyone have a copy of that period_convertor.mq4 EA kicking around. Followed links and sublinks and yielded negligable results. Thanx for the ideas though. Looking into the above as we speak.
Nevermind, i found the period converter cleverly hidden in Metatrader in the scripts .
I ran the instructions precisely from the links enclosed and i still get the same problem. The backtesting works however misses 5 month hunks here and there. The backtesting is still profitable but it would be nice for greater accuracy. I guess that's where forward testing comes in.