Hello
Does anyone have any experience of real trading (ie, real money) with an EA on rangebars? I need some perspective on what Im doing, whether its realistic or not. So far I have:
1. Obtained about 2 years worth of tickdata (tickstory). I have only backtested with 2 years because of strategy tester FXT file size limitation (discussion)
2. Wrote, tested, debugged my own rangebar generator, with help from ppl on this forum. So I can generate a rangebar chart using tickdata. I also have an indicator which will update the chart real-time, so EA's and indys can run on it
3. Written an EA that trades on rangebar chart, and thanks to script you can get here, backtested it.
So Im looking at the backtest results, which are great, and thinking: what have I missed? Because if something looks too good to be true, it usually is, especially in forex. The profit factor is low (1.8), but the equity graph very consistent, risking 3% of account balance. The EA is simple, only uses one indicator. I think the rangebars are what give it the edge. Started forward testing on demo account yesterday.
So what have I missed?? Whats been your experience?
Does anyone have any experience of real trading (ie, real money) with an EA on rangebars? I need some perspective on what Im doing, whether its realistic or not. So far I have:
1. Obtained about 2 years worth of tickdata (tickstory). I have only backtested with 2 years because of strategy tester FXT file size limitation (discussion)
2. Wrote, tested, debugged my own rangebar generator, with help from ppl on this forum. So I can generate a rangebar chart using tickdata. I also have an indicator which will update the chart real-time, so EA's and indys can run on it
3. Written an EA that trades on rangebar chart, and thanks to script you can get here, backtested it.
So Im looking at the backtest results, which are great, and thinking: what have I missed? Because if something looks too good to be true, it usually is, especially in forex. The profit factor is low (1.8), but the equity graph very consistent, risking 3% of account balance. The EA is simple, only uses one indicator. I think the rangebars are what give it the edge. Started forward testing on demo account yesterday.
So what have I missed?? Whats been your experience?