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There's something I'm worried about when it comes to the really good EAs.
I have backtested 2 EAs that have literally gone from only $500 to well into the hundreds of thousands of dollars in only a few months. What I'm worried about is:
#1 Are the backtests on these EAs accurate when one uses Metatrader 4.0 to the point where you can expect at least 90% of what was calculated?
#2 Is a broker like, say, FXDD going to allow you to make that kind of money without them banning you before you make it to the high dollar amount?
There's something I'm worried about when it comes to the really good EAs.
I have backtested 2 EAs that have literally gone from only $500 to well into the hundreds of thousands of dollars in only a few months. What I'm worried about is:
#1 Are the backtests on these EAs accurate when one uses Metatrader 4.0 to the point where you can expect at least 90% of what was calculated?
#2 Is a broker like, say, FXDD going to allow you to make that kind of money without them banning you before you make it to the high dollar amount?
Thanks
for me, backtest just show data which already happen..not show the performance of the ea actually..if the backtest is ok, so should be ok when live trade, but if the back test out then u should polish the setting first.
just think logically, if the ea can make million in 12 month then everybody is happy..for me, for maintain 10% to 20% monthly with minimum risk and monitoring is enough..or even 5% steady monthly shold be ok.
the most important i should prepare how much the capital to run the ea with low risk setting
#1 Are the backtests on these EAs accurate when one uses Metatrader 4.0 to the point where you can expect at least 90% of what was calculated?
Some experts are good and their backtest results match to a certain point the live results but many experts have a problem in the code especially those experts with the imaginary profit, the problem is that many new coder fall for the mistake of bid and ask ... here is an example for a demo account Trading System Forex - View Single Post - I want to buy a good expert advisor
such an expert can only work on demo and never in live trading , like I explained few posts back.
#2 Is a broker like, say, FXDD going to allow you to make that kind of money without them banning you before you make it to the high dollar amount? Depend on the broker, the broker will benifit if you place more trades, but with MT4 we are not exposed to the market and many of the experts will fail if used on the ECN market, the reason is that ECN market moves fast and have lots of action, so its possible that the broker will have to pay from his own pocket if your expert made some money scalping on active market, because he have to eliminate the spikes and reqoutes he gets from the ECN feed .... so for the broker to avoid his loss, if you start to make money scalping on active market the broker will send you lots of reqoutes
Depends on the EA and the strategy behind it. Scalping, No but swing and position term trading absolutely! Want proof go back and see my results from a previous post in this thread. Russian programmers, I love them.
Regards,
Jeff
Quote:
Originally Posted by MiniMe
#1 Are the backtests on these EAs accurate when one uses Metatrader 4.0 to the point where you can expect at least 90% of what was calculated?
Some experts are good and their backtest results match to a certain point the live results but many experts have a problem in the code especially those experts with the imaginary profit, the problem is that many new coder fall for the mistake of bid and ask ... here is an example for a demo account Trading System Forex - View Single Post - I want to buy a good expert advisor
such an expert can only work on demo and never in live trading , like I explained few posts back.
#2 Is a broker like, say, FXDD going to allow you to make that kind of money without them banning you before you make it to the high dollar amount? Depend on the broker, the broker will benifit if you place more trades, but with MT4 we are not exposed to the market and many of the experts will fail if used on the ECN market, the reason is that ECN market moves fast and have lots of action, so its possible that the broker will have to pay from his own pocket if your expert made some money scalping on active market, because he have to eliminate the spikes and reqoutes he gets from the ECN feed .... so for the broker to avoid his loss, if you start to make money scalping on active market the broker will send you lots of reqoutes
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