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  • #1,301
  • Dec 17, 2019 4:46am Dec 17, 2019 4:46am
Quoting wpacino
{quote} Sometimes the mt4 does not downloads the full history of that pair so the ea backtest only with what he has. Try to backtest month by month you will understand which month is missing
i am using full data imported from Dukascopy.
  • #1,302
  • Dec 17, 2019 5:41am Dec 17, 2019 5:41am
Quoting GodRa
{quote} i am using full data imported from Dukascopy.
Try another broker only for the demo account if you want. Try the last 3 month backup you will figure out what's going on
  • #1,303
  • Dec 17, 2019 6:25am Dec 17, 2019 6:25am
Quoting GodRa
I ran a backtest on v3 from Jan- Dec 2019 on EURUSD. For a $100k account with 1:100, 0.1 lots and $5 profit, I only got around a total of $1000 profit which seems very low?
Yeah, something isn't right...

In my 100:1 leverage on a $100k account I got $1000 in the first month running a backtest. I'll see if I can attach a backtest of mine using your account perpetrators later.

Also keep in mind... People think they are some how getting more accurate back-testing results downloading official tick-history. To be honest, all back-tested data is hypothetical. It doesn't really matter where it comes from. Their isn't really any good data or bad data. These results overall, can't be relied on. They only give us an idea of how the EA has traded in the past and MAY trade in the future.

For example, if the EA shows a loss in February 2019, (which it doesn't) it doesn't mean it will have another loss some time in the future. The same thing goes the other way, if the EA didn't have a loss in February 2019, it doesn't mean it won't have one in the future.

I'm not saying backtests don't matter, I'm just saying they are unreliable. Especially when we're limited to testing only 1 pair at a time when we're using 3.
  • #1,304
  • Edited 9:44am Dec 17, 2019 9:28am | Edited 9:44am
Quoting GodRa
I ran a backtest on v3 from Jan- Dec 2019 on EURUSD. For a $100k account with 1:100, 0.1 lots and $5 profit, I only got around a total of $1000 profit which seems very low?

Here is my full test EU for 1 year on a $100k account. Even though this backtest was done on a 500:1 leverage account, it was done with the 100:1 leverage risk setting!

Profit was over +15% profit and draw down was just -3.79%. This is just one 1 pair on a 100:1 leverage account!
Attached Image (click to enlarge)
Click to Enlarge Name: FF_Test_2.png Size: 123 KB
Attached File(s)
File Type: zip BlastBands V3 100k Test.zip   173 KB | 479 downloads
  • #1,305
  • Dec 17, 2019 10:36am Dec 17, 2019 10:36am
Quoting Cubbybgood
{quote} Here is my full test EU for 1 year on a $100k account. Even though this backtest was done on a 500:1 leverage account, it was done with the 100:1 leverage risk setting! Profit was over +15% profit and draw down was just -3.79%. This is just one 1 pair on a 100:1 leverage account! {image} {file}
Amazing thanks! Please could you do another but with 500:1 risk settings, it'll be interesting to see which is better?
  • #1,306
  • Dec 17, 2019 1:27pm Dec 17, 2019 1:27pm
Quoting GodRa
{quote} Amazing thanks! Please could you do another but with 500:1 risk settings, it'll be interesting to see which is better?
Sure! I’ve started a 500:1 leverage test with a $1000 starting balance. 1 year test takes 2-3 hours because the EA takes 1000’s of trades. I’ll post The test when it’s done!

i think this test may be helpful for people to see starting with just $1000.
  • #1,307
  • Dec 17, 2019 5:13pm Dec 17, 2019 5:13pm
Quoting GodRa
{quote} Amazing thanks! Please could you do another but with 500:1 risk settings, it'll be interesting to see which is better?

Here is the 1 year test on a 500:1 account. Risk was set for a 500:1 leverage account.

Over 100% profit and only -24% drawdown!
Attached Image (click to enlarge)
Click to Enlarge Name: EU_500.png Size: 123 KB
  • #1,308
  • Edited Dec 18, 2019 3:45am Dec 17, 2019 11:21pm | Edited Dec 18, 2019 3:45am
RMI_EA_inside_candle_V6.3_license_320.mq4

The changes are as follows.

HeikenAshiSmoothed Removal
Grid order in new candle (reduces of orders)
Streamlined code removal simplifies the OnTick() function
Trend Intensity Indicator inserted in idea dimension (screen display only)
Print Info contents changed

Attached File(s)
File Type: mq4 RMI_EA_inside_candle_V6.3_license_320.mq4   110 KB | 658 downloads
  • #1,309
  • Dec 18, 2019 1:36am Dec 18, 2019 1:36am
Quoting Cubbybgood
{quote} Here is the 1 year test on a 500:1 account. Risk was set for a 500:1 leverage account. Over 100% profit and only -24% drawdown! {image}
Is the EA free or for sale?
  • #1,310
  • Edited 4:42am Dec 18, 2019 3:13am | Edited 4:42am
Quoting Cubbybgood
{quote} Here is the 1 year test on a 500:1 account. Risk was set for a 500:1 leverage account. Over 100% profit and only -24% drawdown! {image}
Interesting, so using 1:100 leverage gives a much lower drawdown.

Would you advise a broker with 0 spreads and commission, or spreads with no commission.
  • #1,311
  • Dec 18, 2019 6:24am Dec 18, 2019 6:24am
Quoting timidave
{quote} Is the EA free or for sale?
It's actually both. It's free for you to use on (demo) account with no expiration. If you want to use it on a (live) account you will need to pay a fee.
  • #1,312
  • Dec 18, 2019 6:26am Dec 18, 2019 6:26am
Quoting GodRa
{quote} Interesting, so using 1:100 leverage gives a much lower drawdown. Would you advise a broker with 0 spreads and commission, or spreads with no commission.
Yeah, I guess I don't relay this very well. Lower leverage in most trading strategies, decreases risk but also profit. It's how I like to trade.

0 spreads and commission for sure! The lower the spread, the safer the strategy is.
  • #1,313
  • Dec 18, 2019 7:38am Dec 18, 2019 7:38am
Thanks! Have you experimented with stops on v3?
  • #1,314
  • Dec 18, 2019 7:49am Dec 18, 2019 7:49am
Quoting GodRa
Thanks! Have you experimented with stops on v3?
A workable SL is the next step with this system and probably the hardest one. A SL with a "high risk" strategy is not an easy task. Any strategy that try's to make more than 3-5% a month is considered "high risk" in my book. We're shooting for 5-10% profit a month each pair! When looking for this much profit, it's difficult to find a workable SL when all available margin is needed. Still, I'm determined to find a solution. I'm happy where the BlastBands EA is right now and I think it has good long-term potential but there can ALWAYS be improvements!

The idea is to find a SL solution that when hit, can be made back in 2-6 weeks. Longer than that makes it difficult to stick with the strategy.
  • #1,315
  • Dec 18, 2019 8:18am Dec 18, 2019 8:18am
Quoting GodRa
Thanks! Have you experimented with stops on v3?
Also, I find most traders to be pretty weak when it comes to taking losses. Meaning when they hit 1 or 2 with a system or EA, they stop using it because of lack of patience - even if it potentially makes profit in the long-term. This is another HUGE problem with the community and retail traders in general.

The success of this (SL version) will be determined on how often the SL is hit.
  • #1,316
  • Dec 18, 2019 11:07am Dec 18, 2019 11:07am
Quoting infinity1975
{quote} Doesnt the backtest close open trades in end also so if they are negative it will be losses.
Not sure if I fully understand your question...

Open trades and the end of a back test will close weather they are in profit or loss. The test closes all open trades at the end
  • #1,317
  • Dec 18, 2019 5:16pm Dec 18, 2019 5:16pm
Do you reckon I should turn the EA off over the holidays, as there’ll be larger spreads?
  • #1,318
  • Dec 18, 2019 7:00pm Dec 18, 2019 7:00pm
Quoting Cubbybgood
{quote} Here is the 1 year test on a 500:1 account. Risk was set for a 500:1 leverage account. Over 100% profit and only -24% drawdown! {image}
Great EA, 24% DD is very good considering 100%+ return.

Thanks for sharing Cubbybgood..
If you don't give up, you will get it..
  • #1,319
  • Dec 19, 2019 4:52pm Dec 19, 2019 4:52pm
Quoting GodRa
Do you reckon I should turn the EA off over the holidays, as there’ll be larger spreads?
I won't be turning off the EA during the holiday but i'll make sure the built-in (high) "spread filter" is on. It's in the EA options.
  • #1,320
  • Dec 19, 2019 4:59pm Dec 19, 2019 4:59pm

As a Holiday gift, the (full version) RMI EA is now free when you purchase the BlastBands EA! I think this will be a good (long-term) addition and alternative for everybody using the BlastBands EA! Both EA's will be sent to you upon purchase.


Happy Holidays!


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