Hi traders/programmer!
First time I post in this section of forex factory. I'm in here some times reading about different EA's with amazing results backtested. One was billions of dollars I think .
I have always wanted to write such a thing, but never had the time. But yesterday I wrote one of my first EA's
I call it the Reverse stophunter
It's a very simple program, which basiclly buys and sells at round numbers at EUR/USD 1H so I don't want to share it yet.
SL: 15-18 pips
TP: 22-26 pips.
This morning I did a backtest with my baby.
Couldn't believe my eyes... From july 25'th 2008 to july 25'th 2009 it took my $1000 demo account to over $22 000 000... WTF?
I have read several times that backtests don't prove a thing. But it should give an indication of the potential in the method, right?
What kinds of problem could the method experience in the live environment except sudden spread spikes and news?
Is there anyone else who tried something similiar about round numbers? Have they tried it at a live account?
I seek advice here, where the masters of EA's live
http://www.freeforexguides.com/image...stophunter.jpg
First time I post in this section of forex factory. I'm in here some times reading about different EA's with amazing results backtested. One was billions of dollars I think .
I have always wanted to write such a thing, but never had the time. But yesterday I wrote one of my first EA's
I call it the Reverse stophunter
It's a very simple program, which basiclly buys and sells at round numbers at EUR/USD 1H so I don't want to share it yet.
SL: 15-18 pips
TP: 22-26 pips.
This morning I did a backtest with my baby.
Couldn't believe my eyes... From july 25'th 2008 to july 25'th 2009 it took my $1000 demo account to over $22 000 000... WTF?
I have read several times that backtests don't prove a thing. But it should give an indication of the potential in the method, right?
What kinds of problem could the method experience in the live environment except sudden spread spikes and news?
Is there anyone else who tried something similiar about round numbers? Have they tried it at a live account?
I seek advice here, where the masters of EA's live
http://www.freeforexguides.com/image...stophunter.jpg