Is my strategy worth trading with?

Dear fellow Traders,

I have developed this strategy for eur/usd, and backtested it using amibroker. I got the following results Which I have attached along with this thread.
But the ulcer index is too high , maybe it is because of 1:20 leverage which i m taking in the strategy.

I wanted the valueable feedback from this forum. It will be of great help if u give me ur insights as to wether I shud trade live using this strategy or not.

Highlights of the strategy

Initial capital 25000.00
Ending capital 41993.61
Net Profit 16993.61
Net Profit % 67.97 %
Ulcer index 8.38
CAR/MaxDD 2.29
Profit factor 1.10
Standard error 2379
Max drawdown percent -29.33%
No of trades 2150

The rest of the statistics are in the word document. TIme frame I have chosen is 5mins, On higher time frames, the results r better but the anual ROI is less.

I have used one years data to test this Strategy from 10/10/2011 to 10/10/2012. As the time frame is 5 mins... is this much data enough to validate the backtesting? Also I have attached the chart of the Equity curve which looks a bit funny. The Equity curve which I have posted here is with a constant lot size of 125000. ... kindly advice .

I think different traders will have different inputs to give you based on their own personal attitudes to risk, and so will probably not be helpful to you.

You would know your own attitude, I would think.

Now that you've already back-tested, perhaps you should now forward-test your strategy on a demo account to see if it would survive real-world conditions?

You should run a backtest with the same parameters on previous years. If it crashes and burns you can safely trow away your strategy. That drop towards the end is not very promising either.

I don't think I would be comfortable trading this live ... if I get a profit factor of 1.10 in a backtest it is usually not worth it. Backtesting is only one step towards taking a system live. You should forward test it in a sim account before risking any real money.

Thanx for ur inputs guys... if it was not for that last drop I wud have been trading that strategy live... I think i just saved my self a lot of pain by not trading it a couple of mnths back.