Giving Back! My Best Expert Advisor EA Free for Everyone

Looking at your Ranger and Vigorous EA Free Signal. Would you recommend a standard spread account with commission, or a low spread account with commission? Please can you make it available for MT5 too?

Auto Trading For Beginners - How to Start Robot Trading

How to Backtest Like the Institutions - Forex Trade Backtesting Tutorial

Every trader should be using a RAW or ECN account for all trading. Fixed or standard spread accounts will ALWAYS be more challenging to make a profit on.

It's always easier to profit 1 pip rather than 2. Because of this fact, lower spread accounts are always better even with the added comission.

Hi Ryan,
I am following your work since 2017 and although I stopped using grid / averaging / martingale techniques as well as using tick data, I still like your work mainly because of your tranparency.

I would like to comment on 2 point concerning backtesting, that will change the results significantly:

1. the modelling mode "every tick" interpolates the ticks from 1 Minute OHLC data (details on Platform User Guide -> Algorithmic Trading, Trading Robots -> Real and Generated Ticks). That means, all intemediate ticks are virtual and your downloaded real ticks are not considered. To obtain realistic results, the only option is to use "every tick based on real ticks"
2. by default, Commission is not included in backtests for custom sysmbols. A you recommend RAW / ECN brokers, you have to set the commission in the backtester's settings tab (button behind the delays dropdown field)

Kind regards, Oliver

Thanks for the message.

Adding the commission is something I didn't know but it's something I'll definitely look into. My EA's can add spread, commission and swaps into their TP.

As for the "every tick based on real ticks"...
We can't expect the paid tick data to be perfect. Because of this, I think it's best to leave some flex within the backtest calculation. Again, we can't expect the data we're using to be perfect so why run a perfect simulation "based on real ticks"? It's to synthetic in approach my opinion. We need some room to give in case of imperfections. We will ALWAYs have imperfections in execution in REAL trading.

As retail traders, we have to work around a lot of discrepancies and shortcomings. We lack the tech needed to (actually) do backtests like the banks and institutions leaving us at a massive disadvantage. I've been running backtests with MT4 and MT5 for almost 9 years now. I don't know everything and don't claim to but... I know I want to try my best to emulate my live/forward trading accounts with my EA's. I found that running EA's that calculate "ticks" instead of "bars" using the "every tick" modeling quality, best matched/represented my live/forward traded account results and trade count.

My Vigorous EA has been running on a forward test account since February 15th 2021
https://www.myfxbook.com/members/lil...ficial/7929106

I ran "every tick" with my EA calculating "ticks" instead of "bars" or "new candle". I was able to get a pretty good representation of the EA when it came to DD, trade count and profit. You can see the 1st image shows the max DD at -13.90% in forward trading. The 2nd image shows the backtest during the same time period. The max DD showed as -17.55%. The trade count difference is about 8%. The profit difference is +5%. Still, these are not huge difference considering this is a m1 scalping EA that takes an average of 11 trades a day.

The 3rd image is running "every tick based on real ticks". You can see the difference is substantial. The trade count is closer and the profit is a bit closer, but it's showing a -38% DD period that never took place in my forward trading account.

So when it comes down to it all, there is still a lot of room for interpretation. The software and information given about "ticks" and how they're used or not used is not set and stone. The reason for this is... We have too many variables within our broker mechanics. This issue invokes the need to try to simulate the missing variables by relying more the comparison of back and forward testing rather than following a backtest regimen based on hypotheticals. This has allowed me to fine tune the primitive trading tools we have as retail traders, by trying to simulate the known "backtesting" gaps. I personally think the "Every tick based on real ticks" is a waste of time because it has no give. What we do know is... The data from these providers isn't perfect so why use a backtest function that's (perfect) when the data is not? 1 wrong and 1 right, doesn't mean the results will be closer to reality.

Resources.... regarding data and ticks within MT4/MT5.
https://www.metatrader5.com/en/termi...ick_generation

I wanted to clarify and rephrase this sentence...

"This issue invokes the need to try to simulate the missing variables by relying more the comparison of back and forward testing rather than following a backtest regimen based on hypotheticals"

To...

"This issue invokes the need to try to simulate the missing variables by relying more the comparison of back and forward testing rather than following a backtest regimen based on technicals"

I agree, that both real and synthetic tick data are not perfect to simulate live trading. That's the reason, why I dropped tick data from my backtesting, as you can obtain a similar level of accuracy from bar open or OHLC modelling without paying the price of extensive download and backtesting durations. Yet I observed in the past, that synthetic ticks gave too optimistic results, as especially high volatility within a bar is smoothed out. That doesn't make a difference in 98% of all trades, but for the remaning 2%, especially in grid trading in a situation with a lot of positions in drawdown, 1 or 2 ticks can very well make the difference, if you are able to close the grid in profit or not.

PROP TRADING FOREX TRADER - My Forex Funds Trading (Ep.3)

Hey Ryan,

Thanks for providing an awesome EA.

I'm looking at making an account with Traders Way, do you still have your referral/affiliate link available for spread discounts etcetera?
I've seen you mention about a referral code or something either in your videos or on the forum but can't find it anywhere sorry.

Hope your trading life is going good.

Many thanks,
Kiwitrade7

An Auto Forex Trading Bot Ate Me for Breakfast!
My Forex automated trading Experience

Auto Trade the Recession Away - Best Recession Trading Strategies

Sure! I've been with TradersWay now for over 10 years. They are now one of the largest FX brokers now.
https://www.tradersway.com/?ib=1233480

Yield Nodes Ponzi Scam: The Early Warning Signs

+950% REAL MONEY FOREX ACCOUNT GROWTH - Best Strategy to Grow a Small Account

Martingale Grid Trading: Is it Dangerous? Best Forex Risk Management Strategy

Best Passive Investment: Auto Trading Income

In this video, I show the easiest way to make a (passive profit) using the Powerhouse & Sharpshooter auto-signal. No trading knowledge or experience needed!

Our public preview of the RFT Equity Protection EA is now live!


20% off sale ends 11/15 at 4pm GMT!
We're extending the sale for another 24 hours (11/15) because we got our launch GMT time wrong.
..............................................................................
Check out the RFT Equity Protection website page
https://responsibleforextrading.com/...ty-manager-ea/

Manual Trading Isn't Worth It: Life as a Full Time Trader

Backtesting VS Live Trading: Does Forex Backtesting Really Work?