OK...Show us your best EA results...can be demo or live. It can also be from something you've seen elsewhere, as long as you have the permission to post it or are allowed to post it.
Here are the guidelines for the EA results to make it "fair" (please follow to keep it real):
1. Max Leverage 100:1.
This is because most brokers only allow for 100 or 200:1 when your account is over 20k. In the U.S. max leverage is only 50:1, so testing an EA at 100:1 or less is realistic.
2. Max Stop Out Level 50%
(even though your broker may be at 20%, most brokers have stop outs at 50%). This is also to keep it realistic. For example if you have a losing trade at max leverage using max account balance and equity, you could lose up to 50% of your equity in one losing trade.
3. One year or less returns.
Show us your best results for a year or less.
4. Here's the biggie: Start with $100 no more.
That's right start with one hundred dollars. Let's see how much you can increase $100 in up to one year. Can you make $100 turn in $100k or more within a year?
5. Max and Relative Drawdown limit of 90%.
Most traders could not psychologically withstand continuing to trade any system or method after losing 75% of their equity. But since we are only starting with $100 USD, feel free to take it to the extreme.
6. No Martingale strategies.
Dynamic position sizing, a.k.a. pyramiding is encouraged, but Martingale is not. If you're not sure of the difference between the two, read further down in this thread and there's an explanation between the two. Would like to try to not have this become a discussion of the details of kinds of money management techniques since most EA developers who have been doing it for a while understand the nuances of money management and dynamic position sizing.
7. EA must trade with stops. No open ended losses.
Guidelines 6 and 7 above prevent EA from "losing it all" on a one single bad trade. Some form of money management or controlled position sizing must be part of the EA.
8. EA must have traded at least 33 trades. More is preferable if possible.
The more trades over a longer time period make it more statistically relevant. However, the amount of trades doesn't guarantee the profitably and the long term tradability of an EA.
9. Feel free to post any modeling quality, but be prepared to justify your results.
10. If it's an EA on a demo account, the EA must be executable in a live account and live trading environment.
11. Finally. The EA must be fully automated with no manual intervention once loaded.
What good is an EA if it's not 100% hands free? Really. An EA that requires manual intervention between trades is just another "tool" or indicator. A 100% automated EA (as intended), if properly executed is psychologically and financially liberating and frees you from the tension of having to monitor the markets every trading session. So only true EAs please.
You can share your method behind the results if you wish or keep them secret. It's your EA, it's up to you.
It will be interesting to see how many EA's are out there that can take $100 and turn it into $100,000 or more within a year on a 100:1 leverage account or less. So if you have one, please show it. You don't have to show historical trade records unless you want to.
The purpose of this thread is to show what's possible with EAs, and to open discussion about the merits/demerits of each EA.
Let's see the potential of what's possible with EAs and discuss the probability of having those results duplicated in live forward trading.
Here are the guidelines for the EA results to make it "fair" (please follow to keep it real):
1. Max Leverage 100:1.
This is because most brokers only allow for 100 or 200:1 when your account is over 20k. In the U.S. max leverage is only 50:1, so testing an EA at 100:1 or less is realistic.
2. Max Stop Out Level 50%
(even though your broker may be at 20%, most brokers have stop outs at 50%). This is also to keep it realistic. For example if you have a losing trade at max leverage using max account balance and equity, you could lose up to 50% of your equity in one losing trade.
3. One year or less returns.
Show us your best results for a year or less.
4. Here's the biggie: Start with $100 no more.
That's right start with one hundred dollars. Let's see how much you can increase $100 in up to one year. Can you make $100 turn in $100k or more within a year?
5. Max and Relative Drawdown limit of 90%.
Most traders could not psychologically withstand continuing to trade any system or method after losing 75% of their equity. But since we are only starting with $100 USD, feel free to take it to the extreme.
6. No Martingale strategies.
Dynamic position sizing, a.k.a. pyramiding is encouraged, but Martingale is not. If you're not sure of the difference between the two, read further down in this thread and there's an explanation between the two. Would like to try to not have this become a discussion of the details of kinds of money management techniques since most EA developers who have been doing it for a while understand the nuances of money management and dynamic position sizing.
7. EA must trade with stops. No open ended losses.
Guidelines 6 and 7 above prevent EA from "losing it all" on a one single bad trade. Some form of money management or controlled position sizing must be part of the EA.
8. EA must have traded at least 33 trades. More is preferable if possible.
The more trades over a longer time period make it more statistically relevant. However, the amount of trades doesn't guarantee the profitably and the long term tradability of an EA.
9. Feel free to post any modeling quality, but be prepared to justify your results.
10. If it's an EA on a demo account, the EA must be executable in a live account and live trading environment.
11. Finally. The EA must be fully automated with no manual intervention once loaded.
What good is an EA if it's not 100% hands free? Really. An EA that requires manual intervention between trades is just another "tool" or indicator. A 100% automated EA (as intended), if properly executed is psychologically and financially liberating and frees you from the tension of having to monitor the markets every trading session. So only true EAs please.
You can share your method behind the results if you wish or keep them secret. It's your EA, it's up to you.
It will be interesting to see how many EA's are out there that can take $100 and turn it into $100,000 or more within a year on a 100:1 leverage account or less. So if you have one, please show it. You don't have to show historical trade records unless you want to.
The purpose of this thread is to show what's possible with EAs, and to open discussion about the merits/demerits of each EA.
Let's see the potential of what's possible with EAs and discuss the probability of having those results duplicated in live forward trading.
