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I am wondering wether this is really possible ?????
Your feedback would be really appreciated.
Is this a backtest or forward test?
If it's a backtest, then it cannot be trusted as your modelling quality is only 50%. And even then MT4 has a very unstable backtest. Forward test for 6 months and if it can make 10million out of 10K then you've got something.
goodluck.
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If it's a backtest, then it cannot be trusted as your modelling quality is only 50%. And even then MT4 has a very unstable backtest. Forward test for 6 months and if it can make 10million out of 10K then you've got something.
goodluck.
Thank you for you feedback
Its a back test , I am new to EA . What is Ideal Modelling quality.
The ideal Modelling quality is 90%.
However, even if you get 90% modelling quality you can't be sure that the results are real. You must forward test the EA.
I had some EAs which earned millions in one month of backtest but on forward testing they failed after few weeks.
PS - I hope it is not a scalping EA because the brokers wouldn't allow you to use such an EA under normal conditions. They will increase the spread or give you lots of requotes.
I am wondering wether this is really possible ?????
My honest answer... you won't like it... No, it is not possible. Think about it... you would be richer than Billy boy gates and Warren Buffett and others combined. Do you really think making money in trading is that easy? If you can answer that question honestly, you will get answer to the question posed by you.
Did you run this for 10 months or you back teststed it ? Back tests can give very very wrong results based on the indicators and the logic used in the EA.
Now you have 3 options :
1 - If you know some reliable people share the EA with them or
2 - may be send the EA to a few people randomly and take a commitment NOT to mass transfer to others. (Most people simply will quitely and sincerely try to help you out but/and potentially will see if they can make some profit as well - Any thing wrong ??)
3 - Put real money and test on live account.
From option 1 and 2 You will only gain from their experience - and by a few others getting rich - you will NOT get poor. Or just start a mini account with $ 500 and test it out.
Best of Luck and Best regards
adil_syed at
yahoo.com
Thank you all for you inputs i will sure Fwd test this EA for a week. Its a cyberia EA . Its min profit is at 7 pip plus so i dont think it will be called scalper.
Linear Mode
