Are my ea results to good to be true?

Hi,

I have placed my own developed ea on different demo accounts and I am very happy with results.
Could somebody please give me feedback if the results are realistic?
As i can’t post a link yet, please go to myfxbook and search for member schuttend.
Many thanks in advance…

Regards,
Rav4

my first impressions are
1 you are testing scalpers on demo which is basically a waste of time. you will only know true performance when requotes and slippage are included which can only be done with a real money account
2. I think testing is in its enfancy so you will ned to collect more data
(but keep in mind point #1 you need real data not demo)
3. super scalper looks interesting. try and couple that with a broker that you can be an affiliate for this way you can earn a rebate on all those trades. I think you will find a nice addition to your equity if you do that. I myself do that with all my ea’s and the ones that trade frequently end up earning me almost as much in rebates as they do in trading so it works out great for me.

just food for thought

Can you give a estimate in slippage and requotes on average?

In normal times the slippage is something around 1 pip with no requotes. On fast moving markets the slippage can be greater than 3 pips with multiple requotes.

Test your EA for a month, if it works in demo account for a month, then open a mini account, and use minimum lot size (0.01 of a mini account is about 1 cent per pip) and stay testing for another month or two. If your EA continue profitable, share it with me :stuck_out_tongue: hehehe.

I see that some of your EAs are grid trading systems. In my experience grid system don’t work very well. They appears to work and increase your balance very fast, making you dreaming with your new car, new house, and new city you will buy in a year.

But if you check the “equity” part on your account you will see it be less and less until you get a margin call or stop out.

If your systems are of grid type, please test them for more than a month in demo account, to guarantee that they don’t blow your account. If you see a good proportion of balance & equity in the myfxbook chart after one or two months of demo trade, maybe that EA is good for real account :slight_smile:

Indeed they are grid systems. I know they have a bad reputation, however if you use them wisely they can work I think. But I will take the advise and first test them on a demo account :slight_smile:
I have build different versions. One is very agressive and one very conservative. Time will tell…

Regards,
Rav4

Don’t forget to share it with us if it works heheheh :slight_smile:

Please take a look again…I am getting more and more trust in my system, also trading a REAL account now!!

:51:

to be honest I agree with medisoft d disagree. I used to run crescendo live for a couple of months and I was making many nice small profits but than if I hit stop loss I lose 30% of my equity! For me I started out loving that ea (which by the way was a grid trader)

Before that I used to trade piptopia which was a grid and I loved that ea, still dd was rough.

Grids can work if you keep your risk really under control but for me I never cared for risking 30% to earn 1.5% with a grid.

Just my two cents. I used to love martingales too but same thing eventually they can kill your account.