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Trading Gold with an Expert Advisor
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[QUOTE="Enivid, post: 193870, member: 1"] Ugh... How do I put it? That was a rather weird video. They received pretty random results in the initial backtest. Then they curve-fitted them with optimization to the same period reducing the number of trades to 15 (which is very low for getting any understanding of the strategy's reliability) and then they tested it again on the same time period, which is rather useless. There are so many things wrong here - both with the strategy and their backtesting and optimization process: [LIST=1] [*]1-pip trailing stop doesn't make any sense as it won't work in a live account due to a [URL='https://www.earnforex.com/guides/ordersend-error-130/']stoplevel setting[/URL]. [*]They backtest it in MT4 on simulated ticks, which isn't a very accurate backtesting method. [*]Optimization should be performed on one period, and then the selected optimal set of parameters should be backtested on an out-of-sample period. [*]5% drawdown with 7% profit and 15 trades is a random result - it's just some statistical noise. [*]Live account conditions - swaps, slippage, and widened spreads - will simply destroy this strategy's already subpar results. [/LIST] Unfortunately, their EA archive file is password-protected, so I couldn't backtest it on an out-of-sample period, but I believe it wouldn't be a very good result. [/QUOTE]
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