For starters i use metastock profx as my software package to back test information. I made an expert advisor for my strategy and backtested it on a 5 min interval which i usually use. I set a 10 pip take profit and a 20 pip stoploss. The backtest was for the last 4 months and i tested the main pairs.
(GBP/USD, EUR/USD, USD/JPY, AUD/USD, EUR/JPY) The results turned out to be ridiculously good.(I'm embarrassed to even say the number of total pips because i will be put into question right away) However the win % was 70%. The total number of trades was also ridiculous around 15k trades in that time frame. Is this any reliable because this strategy worked for me but i realized i couldn't watch everything at once so bought this software just so i get alerts and the fact that i didn't want to learn the MT4 language and didn't really want to give my strategy away and Oanda's API is too expensive? Feedback appreciated.
(GBP/USD, EUR/USD, USD/JPY, AUD/USD, EUR/JPY) The results turned out to be ridiculously good.(I'm embarrassed to even say the number of total pips because i will be put into question right away) However the win % was 70%. The total number of trades was also ridiculous around 15k trades in that time frame. Is this any reliable because this strategy worked for me but i realized i couldn't watch everything at once so bought this software just so i get alerts and the fact that i didn't want to learn the MT4 language and didn't really want to give my strategy away and Oanda's API is too expensive? Feedback appreciated.