Daily Break Out EA ~ Forward Test | Forex Factory

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Daily Break Out EA ~ Forward Test

  • #1
  • First Post: Edited Aug 16, 2017 6:36am Aug 12, 2017 12:40pm | Edited Aug 16, 2017 6:36am
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Commencing August 13, 2017:::

Forward Test for an extensively back-tested Daily Break Out EA.

Starting Capital::: £ 3000

Instruments::: 9

Risk Settings::: 0.25% Balance Risk per Instrument per Trade.

Logic::: EA places Orders above and below the previous days High/Low with 30 pips SL / TP (includes also Break Even and Trailing Stop values). Includes Money Management.

Broker/Account::: FXCM Demo (I have Real Account with FXCM for many years)

NOTES:::

I have minor concern using FXCM for the Forward Test because my existing MT4 allows only the last 30 days history when producing a Detailed Statement in MT4, and if I want more detail then I have to use their web-based analytics service which takes into account All History / any Selected Period. This may affect the Trade Explorers Stats here to some extent and degree.

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  • #2
  • Aug 14, 2017 10:33am Aug 14, 2017 10:33am
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NOTE 1:::

I am UK based and qualify for a "Spread-Betting Account" with FXCM(UK). My Real Account is such and has zero commissions. In establishing the additional Demo for the Forward Test I appear to have a different type of Account which is charging Commissions in and out of the trade. Naturally, this will affect the performance in a negative manner when compared to what I can ordinarily obtain through FXCM(UK) should I go Live.

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  • #3
  • Edited Aug 16, 2017 5:26am Aug 15, 2017 7:44pm | Edited Aug 16, 2017 5:26am
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NOTE 2:::

The EA is set to limit the risk to 0.25% (7.50 on a 3000 Balance per instrument). I thought that this would mean that the Orders will come through higher than the 0.01 Lot Size that it is opening them at. It was opening them higher during Back-Tests but that was when I was testing only one instrument at a time, so I suppose the total number of orders and using the same Magic Number for all of them has resulted in this being as it is.

I can over-ride the Money Management to open the orders at any level that I want but at this stage I will allow the Settings to remain at current levels.

On a very positive note, in its first two full days the EA has produced 193 Pips.

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  • #4
  • Edited 8:36pm Aug 15, 2017 8:25pm | Edited 8:36pm
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NOTE 3:::

Four additional instruments added, taking total to 13.

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  • #5
  • Aug 28, 2017 7:37am Aug 28, 2017 7:37am
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NOTE 4:::

The back-tests were fantastic and the Forward Test got off to a good start but it did not last. I am aborting this model.

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  • #6
  • Aug 28, 2017 1:19pm Aug 28, 2017 1:19pm
Quoting Forex Magic
. NOTE 2::: The EA is set to limit the risk to 0.25% (7.50 on a 3000 Balance per instrument). I thought that this would mean that the Orders will come through higher than the 0.01 Lot Size that it is opening them at. It was opening them higher during Back-Tests but that was when I was testing only one instrument at a time, so I suppose the total number of orders and using the same Magic Number for all of them has resulted in this being as it is. I can over-ride the Money Management to open the orders at any level that I want but at this stage I...
Hello Forex Magic,

I wanted to let you know for the future that you can create a spread betting MT4 demo here by checking off Spread Betting. All the best with your trading!

Jason
  • #7
  • Last Post: Sep 3, 2017 8:39am Sep 3, 2017 8:39am
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Thanks for the Link Jason
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