You can compile the java file using the JForex platform... I expect you can google and figure it out its not that hard... I don't have time to write a tutorial on how to get it to work.
Backtesting.... it works well withink well defined constraints but we all know the market can do anything anytime.. so during any crisis period it will mess up because of ranging periods followed by trending that create a perfect storm.... I'm sure you can curve fit settings that work like they are doing inthe other threads... and create some kind of expectancy..aslong as the market allows them to keep doing it.
But in the long run you can't corner the market into giving you what you want... since the EA just jumps in without any strategy it loses starting from the first trade.
What you can do is apply some R:R.. What I meant by R:R is the amount your willing to win vs lose... By applying say 1% risk to 5% reward you can create a positive equity curve aslong as the system wins atleast 30% of the time.... now if your EA does a good job of detecting trends or getting inat the right times.. you can hopefully create some positive expectancy over a long period of time that will let you profit... however not doing this... you will get into a situation where you loss 50% before you make 0.4%..
The system is like martingale as is... so if you treat it that way.. you can set it up so that it may double your account and you can ride the rest for free. That is the only way to treat this strategy without applying hard risk reward cutoff ratio.
Jag
Backtesting.... it works well withink well defined constraints but we all know the market can do anything anytime.. so during any crisis period it will mess up because of ranging periods followed by trending that create a perfect storm.... I'm sure you can curve fit settings that work like they are doing inthe other threads... and create some kind of expectancy..aslong as the market allows them to keep doing it.
But in the long run you can't corner the market into giving you what you want... since the EA just jumps in without any strategy it loses starting from the first trade.
What you can do is apply some R:R.. What I meant by R:R is the amount your willing to win vs lose... By applying say 1% risk to 5% reward you can create a positive equity curve aslong as the system wins atleast 30% of the time.... now if your EA does a good job of detecting trends or getting inat the right times.. you can hopefully create some positive expectancy over a long period of time that will let you profit... however not doing this... you will get into a situation where you loss 50% before you make 0.4%..
The system is like martingale as is... so if you treat it that way.. you can set it up so that it may double your account and you can ride the rest for free. That is the only way to treat this strategy without applying hard risk reward cutoff ratio.
Jag