Re the modelling quality guys, it is irrelevant.
There is a 3 stage process to getting single-pair trading ea's onto a live account:
There is a 3 stage process to getting single-pair trading ea's onto a live account:
- backtesting in strategy tester
- forward testing on demo
- live testing tiny lots on a live account
Backtesting in strategy tester has only two uses:
- initial debugging.
- checking that the robot is actually worthwhile taking any further. If it is not profitable in backtesting, it gets murdered on forward demo.
Anybody with more than a rudimentary knowledge of how trading EA's work - me, for instance - understands this and cares not a jot about modelling quality.
So, guys, remember the 3 stage development of an ea once the initial coding is done:
- if it fails backtesting it gets murdered in forward testing on demo.
- if it survives forward testing on demo, it may still get murdered on live account. Anybody who does not understand why needs to spend some time at BabyPips.com
- if it survives live testing using tiny lot sizes, most traders will still blow their accounts. They will become over-confident, increase their lot sizes to a point where the account cannot withstand an adverse move against their trades. Nowt I can do about them.
So, forget modelling quality; it is irrelevant.