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I have noticed that this pair is trending up from a long time , so I made an expert where I am only taking the long entry " no short" try that approach , it might work
I am not testing the same expert , and I am not saying this is the best approach, but this is a very slow pair and its stuck with an uptrend so use it to your advantage
EURGBP is going through some unprecedented trending movement. It has never happened before, and if you design an EA to take only 1 side of the trade now, I'm sure the market will reverse because it is overly extended at this point. EURGBP is known historically as a ranging pair, just this year, it has really gone bananas. Crazy stuff.
You are correct. You just have to look at the EURGBP chart in 2000 and you'll see that it looks "wrong". I thought I was going to be a millionaire when I was backtesting my scalper. It turned $5000 into a million in 2 years.
Quote:
Originally Posted by omelette
I know people are sick of me saying it, but Metaquotes data is completely worthless! I have at least 3-4 EA's that show similar or better backtest results - right up until Oct./Nov. 2006 that is. After this time period, it all downhill... FWIW, I'm convinced that the only 'real' data Meatquotes has provided is from Nov. '06, everything else is computer interpolated rubbish! In fact, just check out GBPCHF - huge portions of this has 50-100 pips difference between Close/Open of adjacent bars! Hugely profitable on backtests, but completely unrealistic...
, I'm from Belgium and I speak french]
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