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Simple 3 order GBPUSD EA

  • #21
  • May 11, 2010 9:02am May 11, 2010 9:02am
Quoting momo2k10
1st of all thanks for this EA.

I was wondering when backtesting this ea, what period of TF do you use?is it 1m,5m or 15m?

Thanks
This EA only runs on H1 GBPUSD, no other pair, no other time frame!
  • #22
  • May 11, 2010 9:02am May 11, 2010 9:02am
Quoting geoffb65
There is also a full strategy report attached.

Sorry for the noob question but I'm really not used to backtesting: what are the numbers on the horizontal line and vertical line of the backtest graph?

Also have you got a back test result with TP3 at 80?

Thanks!
  • #23
  • May 11, 2010 9:06am May 11, 2010 9:06am
Quoting roachroach
Sorry for the noob question but I'm really not used to backtesting: what are the numbers on the horizontal line and vertical line of the backtest graph?

Also have you got a back test result with TP3 at 80?

Thanks!
Vertical is $, start at 2000 going above 8000.

Horizontal is the number of trades.

I don't have a chart for TP3 at 80, it looks just the same but the end figure is closer to 9000.
  • #24
  • May 11, 2010 9:10am May 11, 2010 9:10am
On average does this EA enter once every day, 2 days, 3 days... ?
  • #25
  • May 11, 2010 9:10am May 11, 2010 9:10am
Here is the result using High Risk (5%) setting MM.

Starts with $5000 ends over $42000 in 12 months.
Attached Image (click to enlarge)
Click to Enlarge Name: 3trade5%.gif Size: 9 KB
  • #26
  • May 11, 2010 9:11am May 11, 2010 9:11am
Hi Again,

Im using alpari metatrader for this ea and I keep getting this error in my journal.

2010.05.11 15:10:21 TestGenerator: unmatched data error (volume limit 4893 at 2010.05.06 21:00 exceeded)

what does it mean?

thanks
  • #27
  • May 11, 2010 9:14am May 11, 2010 9:14am
Quoting roachroach
On average does this EA enter once every day, 2 days, 3 days... ?
In the back test it traded 144 days in the year, before you ask, I don't know how many trading days there are in a year!
  • #28
  • May 11, 2010 9:22am May 11, 2010 9:22am
Quoting geoffb65
Here is the result using High Risk (5%) setting MM.

Starts with $5000 ends over $42000 in 12 months.
Wow incredible! Makes me wanna use a "Special Stupid High Risk Setting" of 20%!
  • #29
  • May 11, 2010 9:28am May 11, 2010 9:28am
Quoting roachroach
Wow incredible! Makes me wanna use a "Special Stupid Risk Setting" of 20%!
Back test it first with it set to your equity value, MM won't do much good below $5000 account size and even one loss could blow your account if it happens early in the test!
  • #30
  • May 11, 2010 9:36am May 11, 2010 9:36am
Quoting geoffb65
In the back test it traded 144 days in the year, before you ask, I don't know how many trading days there are in a year!
Hi Geoff,

I guess it must be 96 days = 288 trades / 3.
That also fits to your 2 lot version that has 192 trades in the 1 year backtest.

Sorry to correct you!

Greetings,
Olarion1975
  • #31
  • May 11, 2010 9:47am May 11, 2010 9:47am
Geoff

5 Stars - Well Done for another great EA

Paul
  • #32
  • May 11, 2010 9:51am May 11, 2010 9:51am
Quoting paulbt38
Geoff

5 Stars - Well Done for another great EA

Paul
Many thanks Paul!
  • #33
  • May 11, 2010 10:11am May 11, 2010 10:11am
Quoting geoffb65
Here is the result using High Risk (5%) setting MM.

Starts with $5000 ends over $42000 in 12 months.
That is impressive!

福 子 Victor V
  • #34
  • May 11, 2010 10:23am May 11, 2010 10:23am
Quoting camvcvoo
That is impressive!

  • #35
  • May 11, 2010 10:24am May 11, 2010 10:24am
Good job Geoff,

It will be good for every one who is going to live the EA to change Magic Number your own unique one and order comments also. So orders should look different for every trader and broker.

Not necessary but just my 2 cents...!
  • #36
  • May 11, 2010 10:29am May 11, 2010 10:29am
is it possible to backtest this for last 3 years instead of just 1 year ?
  • #37
  • May 11, 2010 10:34am May 11, 2010 10:34am
Quoting roundrock
is it possible to backtest this for last 3 years instead of just 1 year ?
There is absolutely no point in that!

In fact I am wary of back tests as long as 1 year, the market changes so quickly, the best we can do is to closely monitor the performance in forward testing and adjust the settings as the market changes!
  • #38
  • May 11, 2010 10:34am May 11, 2010 10:34am
Quoting roundrock
is it possible to backtest this for last 3 years instead of just 1 year ?
sure but the results wont b as good. it has been optimized for the past year. not 3 years. that is whats wrong with using optimized ea's. only good for a certain market condition then must b changed.

one thing to consider when optimizing ea's is to optimize for past month then use best settings for current month. backtest that way and you will get more accurate results of what ea should really do.
  • #39
  • May 11, 2010 10:35am May 11, 2010 10:35am
Quoting kijkij
Good job Geoff,

It will be good for every one who is going to live the EA to change Magic Number your own unique one and order comments also. So orders should look different for every trader and broker.

Not necessary but just my 2 cents...!
Very true, as always kijkij!
  • #40
  • May 11, 2010 10:36am May 11, 2010 10:36am
Quoting jtmoore007
sure but the results wont b as good. it has been optimized for the past year. not 3 years. that is whats wrong with using optimized ea's. only good for a certain market condition then must b changed.

one thing to consider when optimizing ea's is to optimize for past month then use best settings for current month. backtest that way and you will get more accurate results of what ea should really do.
I agree!
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