Disliked{quote} BACKTESTS ARE BULLSHIT! They have proven no reliability on winning or losing as far as forward testing of any automation is concerned. {quote} THIS STATEMENT IS BULLSHIT! This means that you have fallen down on the idea based on failure through your backtesting, or haven't been successful at working with these ideas. All that being said, I never claimed the current EA in topic will continue to carry profits or even win a single trade, just stating that it is possible to create a winning methodology based on indicators that can be set to...Ignored
when I backtest I don't only watch the result, I go deep into trade history and watch the chart again by myself, to see if the robot was correct or not, usually the robot is correct but it is the issue of lagging indicators which make it bad.
sometimes the problem is becuase mt4 is doing wrong job in demo test and static world of price.
U R right, mt4 backteast is bullshit, in fact mt4 is really bullshit.
there are many many weak points in mt4, but all brokers use it , coz they get benefit from it.
mt5 is better
dynamic trader is better
traders hideout platform is much better
jmath fx platform is also much better
ninjatrader is better than mt4
but why all brokers only use mt4 for their cutomers ?but they themself don't use it?? also big banks don't use it?!!
coz they are those who win our loss.
coz we must loose, they must win.
we are not allowed to see real valumes, we can not see anything in real market, only and only useless candles, but what is making and moving this candles has been kept hidden for us.
the real Demand and real Supply is the reason for price action(price movement), but we can not see real Demand and real Supply elements, it seems that forex is really scam(I finished my msc in agri-economic last year and I understand the chart and price and effecting factors very well!!!!)
but I repeat again:
It is 100% impossible to make longterm profitable EA's using indicators, no matter which indicator, which broker, which platform, which pair,... it is 100% impossible.
I have proofed it to myself through my experience,
it is possible to make profitable EA maybe 75-100% profitable with Fibonacci only, but , remember fibonacci is not indicator, i.e it is not human made, it exist in nature by itsels,
Last key: we can make a longterm profitable indicator+grid EA, but it is not indicator which makes profit, it is grid logic making profit
(I have removed indicators from many hedge+grid+martingale robot and they were all profitable without indicators, but whithout grid logic they were all loosing)
(the only way to agree with me is to repeat my job and experience it yourself, mind can not understand many things, it need real experience)